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This paper surveys the use of mathematical programming models for controlling environmental quality. The scope includes air, water, and land quality, stemming from the first works in the 1960s. It also includes integrated models, generally that are ...
Persistent link: https://www.econbiz.de/10008504931
In a series of studies employing a variety of approaches, we have found that the potential impact of climate change on US agriculture is likely negative. Deschênes and Greenstone (2007) report dramatically different results based on regressions of agricultural profits and yields on weather...
Persistent link: https://www.econbiz.de/10011129970
We present a new framework to identify supply elasticities of storable commodities where past shocks are used as exogenous price shifters. In the agricultural context, past yield shocks change inventory levels and futures prices of agricultural commodities. We use our estimated elasticities to...
Persistent link: https://www.econbiz.de/10010815513
Corn prices increased sharply in the summer of 2012 due to expected production shortfalls in the United States, which produces roughly 40% of the world's corn. A heat wave in July adversely affected corn production. We extend earlier statistical models of county-level corn yields in the Eastern...
Persistent link: https://www.econbiz.de/10010969241
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The United States produces 41% of the world's corn and 38% of the world's soybeans, so any impact on US crop yields will have implications for world food supply. We pair a panel of county-level crop yields in the US with a fine-scale weather data set that incorporates the whole distribution of...
Persistent link: https://www.econbiz.de/10005830956
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Extreme heat is the single best predictor of corn and soybean yields in the United States. While average yields have risen continuously since World War II, we find no evidence that relative tolerance to extreme heat has improved between 1950 and 2005. Climate change forecasts project a sharp...
Persistent link: https://www.econbiz.de/10008533400