The hypothesis of direct weak separability of the transformation function places fewer restrictions on production technology than those deriving from alternative multistage procedures based on indirect separability assumptions. We derive an explicit form of the necessary and sufficient...

This paper analyses the impact of the Common Agricultural Policy arable crop regime on farm investment and output, introducing explicitly farmers' risk attitudes into a dynamic dual model of farm decision-making. Estimation and simulation results are based on a Farm Accounting Data Network...

We address the issue of structural change in demand analysis. After a brief discussion of the major problems and questions that arise in this context, the main body of the paper is devoted to a review of analytical methods that are relevant to investigating structural change in demand. This...