We examine the impact of marketing contracts on farm cost structure and implied scale and scope economies for large samples of dairy, corn and wheat farms. We consider a multi-product, multi-market technology to examine returns from diversifying marketing schemes. Allowing for risk preferences...

Enterprise diversification has recently become a prominent feature of US dairy farms. Scope economies and risk aversion are two forces that simultaneously determine diversification. We jointly estimate scope economies and determine risk preferences under price uncertainty. We reject risk...

Expected effects from partially lifting tariff barriers on the Mexican agricultural sector are investigated using a restricted profit function (RPF) approach. Short-run and intermediate-run effects of the implementation of GATT minimum tariff provisions on Mexican agricultural trade are...

Income differences attributed to differential access to water in irrigation systems are common. Prior studies of farm-level water use in developing areas have typically been limited to using number of irrigations as a proxy for water use. We develop a volumetric measure in Sri Lanka's Kirindi...

Refutable implications based on the curvature properties of the indirect utility function for the competitive firm operating under uncertainty are extended to the case of both price and quantity uncertainty. Using unit roots and cointegration tests for heterogeneous panels, a model of US...

Lacking data on development and implementation costs for input-saving technologies, we develop a nonparametric procedure to estimate relative differences in marginal technology costs for technical change to be consistent with the induced innovation hypothesis. We apply it to U.S. agriculture.

The induced innovation hypothesis is tested for the USA and western regions using cointegration procedures. An error correction model separates short-run and long-run effects of relative price changes. A significant difference in the elasticities of factor substitution along the isoquant and the...