Optimizing the Private Use of the Soil Resource: An Application of Optimal Control Theoiy*
Eduardo Segarra () and
No 278134, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
A fifty year model which considered the impacts of technological progress and topsoil loss on soil productivity, and discount rates on net present value was developed. While discount rates and technological progress directly affected income calculations, solutions were more robust with respect to alterations in technological progress than discount rates.
Keywords: Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278134
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