Aggregation and Calibration of Agricultural Sector Models Through Crop Mix Restrictions and Marginal Profit Adjustments

All agricultural sector models must deal with aggregation and calibration somehow. The aggregation problem involves treating a group of producers as if they all responded in the same way as a single representative unit. The calibration problem concerns making a model reproduce as closely as possible an empirically observed set of decision maker actions. This paper shows how both calibration and aggregation are addressed through crop mix restrictions combined with marginal profit adjust-ments.


Subject(s):
Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/24567
PURL Identifier:
http://purl.umn.edu/24567
Total Pages:
8
JEL Codes:
C6; C61; Q1; Q11; Q17; Q18; R12; R13; R14
Series Statement:
Organized Session Paper




 Record created 2017-04-01, last modified 2020-10-28

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