Corn acreage response in Iowa is examined using a time-varying parameter regression model. Separate estimates of the permanent portion of the parameter vector are obtained for each year over the period 1957-82. The estimated elasticities are grouped into “program” and...

A restricted profit function model of California agriculture is specified and estimated subject to prior information provided by economic theory. Symmetry, homogeneity, and convexity of the profit function are maintained in the estimation. Parameter estimates and elasticities are presented for...

Specialty crop producersÂ’ marketing problem, associated with lack of quality standards and advertising revenues, may detract from profitability. Although marketing orders, approved by producer referenda, offer a means to address these problems, institutional rules can make ratification...