The concept of the restricted cost function provides a dual approach to the analysis of short-run technology. It allows also, under curvature restrictions, inference of the different possible equilibria, according to constraints on the firms. Moreover, in this paper, the properties of the...

The hypothesis of asymmetry in price transmission within the Australian meat market is tested using monthly data for beef, lamb and pork prices at different market levels over the period 1971-1988. The results indicate that asymmetrical price response is a strategy used by beef and lamb...

We apply seasonal unit root tests to apple and pear price and quantity data. We then develop a method for testing shifts in amplitude andjor phase of the seasonal cycles. The results have implications to econometric specifications of models which use short-run data (quarterly, monthly).

Neoclassical economic theory provides an important conceptual framework for the analysis of agricultural production. Theory provides little guidance, however, in the actual specification of empirical models. This paper applies an integrated approach for choosing between price expectation...