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The Potential Role of Multilevel Programming in Agricultural Economics
Author(s) -
Candler Wilfred,
FortunyAmat Jose,
McCarl Bruce
Publication year - 1981
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1240543
Subject(s) - principal (computer security) , class (philosophy) , game theory , control (management) , computer science , mathematical theory , dynamic programming , mathematical economics , function (biology) , mathematical optimization , agriculture , management science , mathematics , economics , artificial intelligence , physics , quantum mechanics , evolutionary biology , biology , operating system , ecology
This paper discusses a new class of problem related to mathematical programming but with two separate decision makers in hierarchical relationship, each with his own objective function and control over distinct but interacting variables. The relationship of this problem to agricultural (energy and environmental) policy problems is developed, together with the relationship of this new problem structure to mathematical programming, game theory, control theory, and principal agent theory. Suggested computational approaches are reviewed, along with the solution to two illustrative examples of the use of the technique.