Asymmetric threshold vector error correction models are applied to monthly price data to analyse price relationships and patterns of transmission among farm and retail markets for a variety of dairy products in Spain. The results suggest that asymmetries affect a conspicuous part of the raw milk...

Accurate forecasts of commodity prices are an important ingredient in the policy formation process. A commodity price forecasting procedure used routinely by the US Department of Agriculture in their policy and market analysis activities is a simple, linear, reduced-form regression model that...

The objective of this study is to evaluate farm, household, and financial characteristics of cash grain farmers' decisions of whether to purchase revenue insurance. Using farm-level data these characteristics were identified by estimating a logit model of revenue insurance purchase decisions by...

This study examines the effects of the reduced transaction costs on the price behaviours in the second half of the nineteenth century, where declines in transaction costs were mainly caused by railroad development during this period. It employs a panel test introduced by Levin and Lin (1992) on...

This article considers alternative methods to calculate the fair premium rate of crop insurance contracts based on county yields. The premium rate was calculated using parametric and nonparametric approaches to estimate the conditional agricultural yield density. These methods were applied to a...

Agricultural price policies in developed countries aim at protecting farmers against both low and volatile world market prices. However, traditional indicators of protection only refer to the income (level) effect of policy. Following other research, it is argued that public policy can also...

This study investigates the determinants of private investment in Asia, Sub-Saharan Africa (SSA), and Latin America with panel data for the period 1975-1992. Econometric tests indicated a preference for the random effects estimation procedure over other alternatives. The results, with pooled...

This study investigates the behaviour of risk averse farm operators in response to farm income and employment variability. Economic theory maintains that greater farm income variability should increase off-farm labour supply. On the other hand greater off-farm employment variability should...

Optimal multiproduct time-varying hedge ratios are determined - for a soybean complex - and their risk-mitigating impact is contrasted over single-commodity time-varying and naive hedge ratios. A parsimonious regime-switching dynamic correlation model is employed, with the estimated dynamic...

Uncertain and changing economic conditions can have substantial effects on price relationships in spatially separated, linked markets. Although numerous studies have analysed price relationships to characterize market linkage structures, most assume that the relationships and associated linkages...