Flat Earth Economics: The Far-reaching Consequences of Flat Payoff Functions in Economic Decision Making

By D. Pannell. 2006

169 citations recorded by the source corpus.

Subfields: Ecology, Evolution, Behavior and Systematics, Economics and Econometrics, Soil Science

View Paper: https://www.semanticscholar.org/paper/3894042dbda153ae229f039c6fa52ea59379542c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Ecology, Evolution, Behavior and Systematics

1. Daniel Rodríguez
2. V. Sadras
3. Enli Wang
4. M. Unkovich
5. B. Mudge
6. M. Bielich
7. P. Hayman
8. Marta Monjardino

In Economics and Econometrics

1. Alfons Weersink
2. V. Sadras
3. Juan H. Cabas
4. Edward Olale

In Soil Science

1. Daniel Rodríguez
2. Enli Wang
3. M. Unkovich
4. B. Mudge
5. M. Bielich
6. P. Hayman
7. Marta Monjardino
8. V. Sadras

Citations in the corpus

• Crop yield response to economic, site and climatic variables (2010, background): “The interaction term between temperature and precipitation is statistically significant for corn and wheat and positive, which is consistent with Philips et al. (1996). Damp and cool or hot and dry conditions inversely affect the yield of those two crops.”
• Interactions between water and nitrogen in Australian cropping systems: physiological, agronomic, economic, breeding and modelling perspectives (2016, background): “Although the agricultural economics literature emphasises inputs to maximise profit, large deviations from optimal management often make little difference to the payoff because flat payoff functions are common (Anderson 1975; Pannell 2006).”