A method was developed with time series models to test hypotheses about the relationship between market structure and spatial price dynamics. Long-run dynamic multipliers measuring the magnitude of lagged adjustments for spatial milled rice prices were calculated from the time series model and...

Growing farm size has generally been explained by technological advances that have allowed farmers to substitute capital for labor. Another possible factor in explaining recent farm size is the demographic shift: the age distribution of farmers has shifted to the right and older farmers...

This paper uses Data Envelopment Analysis to measure scale and technical efficiencies of 925 farms in rural Colombia and a Tobit model to identify the effects of land market characteristics on efficiency. Findings indicate that although larger farms are more scale efficient, they are not more...

This study uses revealed preferences of consumers to study the consumer valuations of rBST-free and organic milk. The study specifies and estimates a quadratic AIDS model for different milk types using US supermarket scanner data. The introduction of rBST-free and organic milk is used to...

The U.S. pork sector is evolving from an industry of small, independent firms vertically linked by spot markets to one of substantially larger firms vertically connected through contractual agreements and integration. Potential benefits to this tighter vertical arrangement include lower consumer...

The analysis proposed in this paper is concerned with the welfare effects of self-regulation by Producer's Organizations (PO) as an alternative to market or public intervention. Using the advances of the economics of incentives, it studies the interaction of asymmetric information and the...

We use Monte Carlo experiments to assess the accuracy of two nonstructural and two statistical nonparametric market power tests. We implement these monopoly and monopsony market power tests using data from ten known market structures. The objective is to determine which test is most able to...

Decomposition methods suggest major contributors to variability in returns to New York dairy farms are purchased feed quantities and milk production; milk price variability contributes substantially less. Decomposing the Gini measure of income inequality indicates that milk revenues and...

Switching costs affect importer decisions, hence impacts of subsidies over time. Dynamic, game theoretic simulations of EU-US competition for Moroccan wheat imports suggest firms charge lower prices and governments award higher subsidies with switching costs. Policy under alternative...

This paper analyzes the effects of policy instruments used in the dairy sector. The analysis considers the supply of milk, the processing step characterized by joint production and the final demand for processed goods. A short term partial equilibrium model is defined. We use it to determine the...