The potential role of multilevel programming in agricultural economics

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 e...

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Bibliographic Details
Published in:American journal of agricultural economics 1981-08, Vol.63 (3), p.521-531
Main Authors: Candler, Wilfred, Fortuny‐Amat, Jose, McCarl, Bruce
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural policy
Control theory
Employment
Environmental policy
Game theory
Linear programming
Mathematical functions
Mathematical programming
multilevel programming
Objective functions
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Summary: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.
ISSN:0002-9092
1467-8276
DOI:10.2307/1240543