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Bruce A. Babcock
Researcher at Iowa State University
Publications - 407
Citations - 9330
Bruce A. Babcock is an academic researcher from Iowa State University. The author has contributed to research in topics: Crop insurance & Agriculture. The author has an hindex of 51, co-authored 405 publications receiving 8993 citations. Previous affiliations of Bruce A. Babcock include North Carolina State University & National Science Foundation.
Papers
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Input Demand under Yield and Revenue Insurance
TL;DR: In this paper, the effect of increased fertilizer on the probability of low yields was investigated and it was shown that at all nitrogen fertilizer rates and reasonable levels of risk aversion, nitrogen fertilizer and insurance are substitutes and that those who purchase insurance are likely to decrease nitrogen fertilizer applications.
Posted Content
Targeting tools for the purchase of environmental amenities
TL;DR: This work analyzes how the joint spatial distribution of costs and environmental benefits affect efficiency losses from following targeting rules based on cost or benefits, rather than based on the benefit to cost ratio, and applies this framework to renewal of Conservation Reserve Program contracts.
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The Choice of Tillage, Rotation, and Soil Testing Practices: Economic and Environmental Implications
TL;DR: In this paper, a polychotomous choice model is applied to the choice of alternative management practices on cropland in the Central Nebraska Basin and controlled for self-selection and the interaction between alternative practices.
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Contract Design for the Purchase of Environmental Goods from Agriculture
JunJie Wu,Bruce A. Babcock +1 more
TL;DR: In this article, an environmental stewardship program was developed by combining the microparameter distribution model with mechanism design principles, which overcomes the information asymmetry between farmers and governments and accounts for the deadweight losses from distortionary taxes.
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The Economics of a Public Fund for Environmental Amenities: A Study of CRP Contracts
TL;DR: In this article, the problem of targeting CRP purchases to buy environmental amenities under productivity and environmental heterogeneity is considered, and Gini coefficients and Lorenz curves are used to measure the effectiveness of spending under alternative targeting criteria.