We present a dynamic model of on-farm nitrogen fertilisation management that allows for a structural relationship between land allocation decisions and nitrogen carry-over from previous crops. We derive conditions for efficient inter-temporal nitrogen management in a multi-crop setting, and...

This analysis utilises a model of production under risk estimated on Finnish farm-level data to measure farmers' risk attitudes in a changing policy environment. We find evidence of heterogeneous risk preferences among farmers, as well as notable changes over time in farmers' degree of risk...

In this article, we present one of the first real-world empirical applications of state-contingent production theory. Our state-contingent behavioural model allows us to analyse production under both inefficiency and uncertainty without regard to the nature of producer risk preferences. Using...