Feedforward networks have powerful approximation capabilities without the "explosion of parameters" problem faced by Fourier and polynomial expansions. This paper first introduces feedforward networks and describes their approximation capabilities, then we address several practical issues faced...

This article challenges the traditional model of the economist as a humble technocrat who simply provides analysis given the preferences of policy decision-makers. Since decision-makers rarely reveal their preferences, it is important that the would-be policy research/analyst know the political...

This paper introduces and briefly discusses the economics of two important trade and environment policy issues--international harmonization of environmental standards and the use trade measures for environmental purposes. Both issues are likely to generate lively international debate among...

The impacts of program subsidy on productivity growth is investigated in this study Mundlak's concept of endogeneity is applied to technical efficiency and generalized within a dual framework. Technology is described by an aggregate cost function while technical efficiency is conditional on a...

A net trade model that includes environmental variables is used to analyze economic and environmental implications of various EC policies. There are environmental benefits from CAP reform, but a fertilizer tax results in greater nitrate and phosphate abatement. The input tax also results in...

Nielsen ScanTrack data were used to study how income and prices influenced consumer juice beverage demand in the United States during the period from 1988-89 through 1991-92. Alternative differential demand models combining the features of the Rotterdam model and the almost ideal demand system...

Farmland offered for its productive or consumptive value may be viewed as a class of goods characteristic of product differentiation. Using the generalized Box-Cox transformation, an unrestricted hedonic model was employed to derive implicit valuations of parcel attributes. Results suggest that...

It appears the major private benefit from peer reviewed journals such as the Review of Agricultural Economics (RAE) is certification. To maintain public support for our journals, increased efforts are needed to demonstrate the social benefits from peer reviewed publications. Research cost...

This simple classroom experiment demonstrates many of the behavioral phenomena associated with the voluntary provision of a public good. The mechanics of the game are explained in detail and complete instructions are provided, as well as suggestions for follow-up lectures. Influences such as...

Previous empirical studies of school choice have been at the national level, or have focussed on northeastern states. We estimate the demand for private education in rural Georgia, using proportion of private school attendance as an indicator variable. We find that income, tuition, race and...