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Conventional tests of revealed preference axioms (WARP and GARP) may yield false rejections of the hypothesis of a unique preference ordering when consumers face constraints in addition to a budget constraint. In this paper, nonparametric tests of WARP and GARP are generalized for consumers who...
Persistent link: https://www.econbiz.de/10009392716
Persistent link: https://www.econbiz.de/10009398029
Because of environmental concerns, many states are regulating animal manure applications to crops. A conceptual model is presented to describe manure demand for crop nutrient application under alternative regulatory standards. Demand relationships are incorporated into a spatial equilibrium...
Persistent link: https://www.econbiz.de/10005686080
Because of environmental concerns, many states are regulating animal manure applications to crops. A conceptual model is presented to describe manure demand for crop nutrient application under alternative regulatory standards. Demand relationships are incorporated into a spatial equilibrium...
Persistent link: https://www.econbiz.de/10009392498
Persistent link: https://www.econbiz.de/10009397615