If adoption of herbicide-resistant seed and adoption of conservation-tillage practices are determined simultaneously, adoption of herbicide-resistant seed could indirectly reduce soil erosion and adoption of conservation-tillage practices could indirectly reduce residual herbicide use and...

If adoption of herbicide-resistant seed and adoption of conservation-tillage practices are determined simultaneously, adoption of herbicide-resistance seed could indirectly reduce soil erosion and adoption of conservation-tillage practices could indirectly reduce residual herbicide use and...

Adoption of herbicide-tolerant cotton and conservation tillage may be simultaneously related. Bayes' theorem and a two-equation logit model were used to test the simultaneity hypothesis. Evidence for Tennessee suggests that adoption of these technologies reduced residual herbicide use and soil...

We model a typical Asian economy in crisis using a dynamic general equilibrium technique and establishing exchange rates from nontrivial fiatcurrency demands. Sudden stops/bank panics are possible and are essential for evaluating the merits of alternative exchange-rate regimes. Strategic...

Summary. This is an extended working paper version of the paper that appeared in Economic Theory. It paper compares the merits of alternative exchange rate regimes in small open economies where financial intermediaries perform a real allocative function, there are multiple reserve requirements,...

We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...

We model a typical Asian-crisis-economy using dynamic general equilibrium techniques. Meaningful exchange rates obtain from nontrivial demands for fiat currencies. Sudden stops/bank-panics are possible, and key for evaluating the relative merits of alternative exchange rate regimes in promoting...

This paper compares the merits of alternative exchange rate regimes in small open economies where financial intermediaries perform a real allocative function, there are multiple reserve requirements, and credit market frictions may or may not cause credit rationing. Under floating exchange...

Temzelides and Williamson (2001) provides valuable contribution into the private money literature, however, as pointed out by Schreft (2001), while the model provides insight about historical experiences with private paper monies, it does not provide a clear insight on how a modern system of...