A cost curve for livestock auction markets was estimated using a frontier function estimator. This estimator has the advantages of consistency and asymptotic efficiency (for certain disturbance specifications). The one-sided residuals satisfy theoretical requirements for cost curves and allow...

A great deal of attention has been given in recent years to the question of externalities associated with water entitlements and how third parties can be protected without restricting opportunities for water trade. Yet one market failure that has received no attention at all is the missing...

Differential grain transportation rates between the Northeast and South have been identified as a possible source of comparative disadvantage for Northeastern broiler producers. Low cost barge transportation into the South provides competition for railroads resulting in generally low...