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

Torben Wiborg, Bruce McCarl, Svend Rasmussen and Uwe Schneider ()

No 24567, 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark from European Association of Agricultural Economists

Abstract: 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.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 8
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae05:24567

DOI: 10.22004/ag.econ.24567

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