Although energy substitution in U.S. manufacturing has been studied in great depth at the national level, little attention has been paid to the regional level. However, regions may differ in their use of energy for a variety of reasons. The main objective of this study is to estimate...

Some of the implications of ethical preferences for traditional welfare analyses of existence values are discussed in this paper and illustrated with a lexicographic model for preference structures. Although willingness-to-pay and willingness-to-sell are well-defined, their connection with...

The failure to allow for significant crop quality effects in a partial-equilibrium model can lead to misleading inferences about the price, output and welfare implications of air quality improvements. It has been observed that air pollutants such as ozone, sulphur dioxide, and nitrogen dioxide...

Commercial bank loans to New York farmers are significantly overestimated in the reported USDA statistics due to out-of-state lending and reporting of some agribusiness loans as agricultural loans by New York State banks. Correcting for this distortion lowers the 1978-84 average New York...

Milk supply response was estimated for Pennsylvania using three different levels of structural aggregation. The base level involved the estimation of milk production in a single equation. Under the second method, production was the product of two equations: milk per cow and number of milk cows....

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A dynamic (multi-period) linear programming model of a beef/sheep farm was used to evaluate the potential for increasing income and for maintaining a specified level of annual income during a cattle cycle. Results indicate that both objectives may be accomplished by adjusting animal numbers in...

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