A five-year, 0.1, mixed integer programming model was developed to analyze the effects of 1990 Farm Bill legislation on the crop-mix decisions made on cotton farms. Results showed that, when compared to the 1985 Farm Bill, the 1990 Farm Bill can result in higher whole-farm income despite new...

This paper estimates a structural dynamic life-cycle model of outmigration where, in each period, immigrants choose whether to work in the host country, not to work but remain in the host country, or outmigrate. The model incorporates several features of existing life-cycle theories of...

In this study, an alternative estimation strategy is suggested, which requires the solution of a dynamic programming problem, expressed in term of conditional choice value functions. The problem of defining the Euler equation for the corner solution case is overcome by introducing an additional...

We believe that any adjustment and updating process (AUP) should try to minimize the relative deviation of the new coefficients from the initial ones in a homogeneous way. This homogeneity would mean that the magnitude of this relative deviation is similar among the elements of each row or...

We examine the basic premise that consumers may anticipate future promotions and adjust their purchase behavior accordingly. We develop a structural model of households who make purchase decisions to minimize their expenditure over a finite period. The model allows for future expectations of...