The DOI matches its Crossref record.
Decision Making: The Role of Education
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 Midwestern 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, availability of information (agricultural extension), and scale incentive to be informed (acres of corn). Also, education and extension are substitute sources of allocative efficiency.
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Citations
Cited by
Schooling and Economic Well-Being: The Role of Nonmarket Effects
Haveman, R. H., & Wolfe, B. L. (1984) · The Journal of Human Resources · doi:10.2307/145879 · Cited by 503
The Economic Impact of Agricultural Extension: A Review
Birkhaeuser, D., Evenson, R. E., & Feder, G. (1991) · Economic Development and Cultural Change · doi:10.1086/451893 · Cited by 469
The Growing Importance of Decision-Making on the Job
Deming, D. (2021) · doi:10.3386/w28733 · Cited by 52
Metadata
- Authors
- Huffman, W. E.
- Venue
- American Journal of Agricultural Economics
- Publisher
- Wiley
- Published
- 1974-02
- Volume
- 56
- Issue
- 1
- Pages
- 85-97
- ISSN
- 0002-9092 (ISSN-L)
- 1467-8276
- OpenAlex
- W1972598618
- Cited by
- 195
- References
- 0
- FWCI
- 32.49
- Type
- journal article
- Language
- en
- Open access
- closed
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- Huffman, W. E. (1974). Decision Making: The Role of Education. American Journal of Agricultural Economics. https://doi.org/10.2307/1239349
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
