We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Decision Making: The Role of Education.
- Authors
Huffman, Wallace E.
- Abstract
In a dynamic environment with imperfect information, education contributes to production as an "allocative effect," arising from enhanced ability to acquire and process information efficiently, as well as a "worker effect." This study focuses on a single dimension of allocative ability., adjustment of Midwester U.S. farmers to the changing optimum quantity of nitrogen fertilizer in corn production. Results support the hypothesis that rate of adjustment can be explained by economic variables; the rate is positively related to education of farmers, avail. ability of information (agricultural extension), and scale incentive to be informed (acres of corn). Also, education and extension are substitute sources of allocative efficiency.
- Subjects
MIDWEST (U.S.); AGRICULTURAL education; EDUCATION; NITROGEN fertilizers; CORN reproduction
- Publication
American Journal of Agricultural Economics, 1974, Vol 56, Issue 1, p85
- ISSN
0002-9092
- Publication type
Article
- DOI
10.2307/1239349