This study develops a conceptual framework based on the random utility model to estimate smokers' willingness to pay (WTP) for the hypothetical low-lung-cancer-risk cigarettes in Taiwan. Following the approach taken by Viscusi (J Polit Econ 1990; <B>98</B>: 1253-1269), an individual's subjective risk...</b>

The purpose of this study is to empirically investigate Taiwanese married women's grocery shopping behavior in relation to their labor force participation status. In this study, focus is limited to their grocery shopping frequency which is meant to be a proxy for an input to household...

Factors which explain supply response behavior of South Carolina tomato growers were determined. Two well known supply response models were used for comparison: the Nerlovian structural model and the Just risk model. The Just risk model reflected the significance of the risk effect in both...

Membership of the Southern Agricultural Economics Association (SAEA) was polled to ascertain the strength of support for changing the name of the Southern Journal of Agricultural Economics (SJAE) to eliminate the regional connotation. The general view was that a name change is unwarranted. The...

In this article, we formulate a behavioural model under uncertainty to estimate Total Factor Productivity (TFP) in the Taiwan banking industry. In particular, the article provides a model based on the safety-first rule under uncertainty to measure the risk premium in banking operations that are...

A limited information estimator for the multivariate ordinal probit model is developed. The main advantage of the estimator is that even for high dimensional models, the estimation procedure requires the evaluation of bivariate normal integrals only. The proposed estimator also avoids the...

This paper takes issues with the appropriateness of applying the stochastic frontier analysis (SFA) technique to account for environmental effects and statistical noise in the popular three-stage data envelopment analysis (DEA). A correctly specified SFA model with a censored dependent variable...

The objective of the study is to provide empirical evidence on the value of public service broadcasting (PSB) in Taiwan, which is a critical factor when considering the provision of more public funding. Being based on a nationwide telephone survey in Taiwan, this study uses the contingent...

A change in profit can originate from the output side and the input side. In the spirit of work by Tone [1] and follows Grifell-Tatjé and Lovell's [2], we propose a non-oriented slacks-based measure (SBM) model to decompose the change in the operating profit into various meaningful components:...