Beef-cow inventory demand is considered in a disequilibrium model of the U.S. live non-fed cattle market. Statistical results indicated the possible presence of disequilibrium prices. However, post-model evaluation indicated that the market for non-fed cattle has not been characterized by...

Institutional devices encouraging biotechnological innovation may not be providing adequate returns or protection for inventors. This article identifies an optimal degree of patent protection and employs sensitivity analysis to link demand and supply characteristics and investment productivity....

The consequences of frequently used price expectation models are analyzed by comparing the responsiveness of U.S. corn and soybean acreages to six alternative formulations. The trade-off between bias and variance associated with these forecasts is investigated. The results of this study have...

A recent judicial decision has precluded the Farmers Home Administration from employing nonjudicial foreclosure proceedings in some states. Characteristics of FmHA loans and borrowers suggest that a potential "hold up" problem exists whereby borrowers may cause the value of their mortgaged...

The decision-making process by which academic departments within an experiment station allocate funds among commodities is examined. The decision to conduct research on some commodities and not on others introduces a problem of censored dependent variables. In order to overcome this problem, a...

A market share analysis is undertaken to determine the contribution of the size of market effect, the distribution effect, and the competitive effect, the distribution effect, and the competitive effect to gains for the five major farm real estate lenders. Results are used as a basis for...