Should farmers follow the recommendations of market advisory services? A hierarchical bayesian approach to estimation of expected performance
ABayesian hierarchical approach is employed to estimate individual expected performance of agricultural market advisory services. Skeptical beliefs based on market efficiency are incorporated as prior information. For a skeptical decision maker who is willing to follow an advisory program only if it...
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| Format: | Artículo |
| Language: | Inglés |
| Published: |
Wiley
2022
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| Online Access: | http://hdl.handle.net/20.500.12123/12453 https://onlinelibrary.wiley.com/doi/abs/10.1093/ajae/aaq024 https://doi.org/10.1093/ajae/aaq024 |
| _version_ | 1855484976194125824 |
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| author | Cabrini, Silvina María Irwin, Scott H. Good, Darrel L. |
| author_browse | Cabrini, Silvina María Good, Darrel L. Irwin, Scott H. |
| author_facet | Cabrini, Silvina María Irwin, Scott H. Good, Darrel L. |
| author_sort | Cabrini, Silvina María |
| collection | INTA Digital |
| description | ABayesian hierarchical approach is employed to estimate individual expected performance of agricultural market advisory services. Skeptical beliefs based on market efficiency are incorporated as prior information. For a skeptical decision maker who is willing to follow an advisory program only if it is expected to increase price received by more than 1%, one of the corn programs, most of the soybean programs, and a few wheat programs may be valuable marketing alternatives. The expectation under this model from following the single top-ranked program are price increases of 1%, 4%, and 3% for corn, soybeans, and wheat, respectively.
Se emplea un enfoque jerárquico bayesiano para estimar el desempeño individual esperado de los servicios de asesoría de mercados agrícolas. Las creencias escépticas basadas en la eficiencia del mercado se incorporan como información previa. Para un tomador de decisiones escéptico que está dispuesto a seguir un programa de asesoramiento solo si se espera que aumente el precio recibido en más del 1%, uno de los programas de maíz, la mayoría de los programas de soja y algunos programas de trigo pueden ser alternativas de comercialización valiosas. . La expectativa bajo este modelo de seguir el programa único mejor clasificado son aumentos de precios del 1%, 4% y 3% para el maíz, la soja y el trigo, respectivamente. |
| format | Artículo |
| id | INTA12453 |
| institution | Instituto Nacional de Tecnología Agropecuaria (INTA -Argentina) |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | INTA124532022-08-01T16:54:19Z Should farmers follow the recommendations of market advisory services? A hierarchical bayesian approach to estimation of expected performance Cabrini, Silvina María Irwin, Scott H. Good, Darrel L. Bayesian Theory Maize Price Fixing Soybeans Wheat Teoría de Bayes Maíz Fijación de Precios Soja Trigo Market Advisory Service Servicio de Asesoramiento de Mercado ABayesian hierarchical approach is employed to estimate individual expected performance of agricultural market advisory services. Skeptical beliefs based on market efficiency are incorporated as prior information. For a skeptical decision maker who is willing to follow an advisory program only if it is expected to increase price received by more than 1%, one of the corn programs, most of the soybean programs, and a few wheat programs may be valuable marketing alternatives. The expectation under this model from following the single top-ranked program are price increases of 1%, 4%, and 3% for corn, soybeans, and wheat, respectively. Se emplea un enfoque jerárquico bayesiano para estimar el desempeño individual esperado de los servicios de asesoría de mercados agrícolas. Las creencias escépticas basadas en la eficiencia del mercado se incorporan como información previa. Para un tomador de decisiones escéptico que está dispuesto a seguir un programa de asesoramiento solo si se espera que aumente el precio recibido en más del 1%, uno de los programas de maíz, la mayoría de los programas de soja y algunos programas de trigo pueden ser alternativas de comercialización valiosas. . La expectativa bajo este modelo de seguir el programa único mejor clasificado son aumentos de precios del 1%, 4% y 3% para el maíz, la soja y el trigo, respectivamente. Estación Experimental Agropecuaria Pergamino Fil: Cabrini, Silvina María. Instituto Nacional de Tecnología Agropecuaria (INTA). Estación Experimental Agropecuaria Pergamino; Argentina Fil: Cabrini, Silvina María. Universidad Nacional del Norte de la Provincia de Buenos Aires; Argentina Fil: Irwin, Scott H. University of Illinois. Department of Agricultural and Consumer Economics; Estados Unidos Fil: Good, Darrel L. University of Illinois. Department of Agricultural and Consumer Economics; Estados Unidos 2022-08-01T16:47:27Z 2022-08-01T16:47:27Z 2010-04-07 info:ar-repo/semantics/artículo info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion http://hdl.handle.net/20.500.12123/12453 https://onlinelibrary.wiley.com/doi/abs/10.1093/ajae/aaq024 0002-9092 https://doi.org/10.1093/ajae/aaq024 eng info:eu-repograntAgreement/INTA/PNHFA-1106083/AR./Desempeño ambiental y socioeconómico de sistemas de producción intensiva con énfasis en áreas urbanas y periurbanas. info:eu-repo/semantics/restrictedAccess application/pdf Wiley American Journal of Agricultural Economics 92 (3) : 622-637. (April 2010) |
| spellingShingle | Bayesian Theory Maize Price Fixing Soybeans Wheat Teoría de Bayes Maíz Fijación de Precios Soja Trigo Market Advisory Service Servicio de Asesoramiento de Mercado Cabrini, Silvina María Irwin, Scott H. Good, Darrel L. Should farmers follow the recommendations of market advisory services? A hierarchical bayesian approach to estimation of expected performance |
| title | Should farmers follow the recommendations of market advisory services? A hierarchical bayesian approach to estimation of expected performance |
| title_full | Should farmers follow the recommendations of market advisory services? A hierarchical bayesian approach to estimation of expected performance |
| title_fullStr | Should farmers follow the recommendations of market advisory services? A hierarchical bayesian approach to estimation of expected performance |
| title_full_unstemmed | Should farmers follow the recommendations of market advisory services? A hierarchical bayesian approach to estimation of expected performance |
| title_short | Should farmers follow the recommendations of market advisory services? A hierarchical bayesian approach to estimation of expected performance |
| title_sort | should farmers follow the recommendations of market advisory services a hierarchical bayesian approach to estimation of expected performance |
| topic | Bayesian Theory Maize Price Fixing Soybeans Wheat Teoría de Bayes Maíz Fijación de Precios Soja Trigo Market Advisory Service Servicio de Asesoramiento de Mercado |
| url | http://hdl.handle.net/20.500.12123/12453 https://onlinelibrary.wiley.com/doi/abs/10.1093/ajae/aaq024 https://doi.org/10.1093/ajae/aaq024 |
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