The translog cost function approach is employed to characterize the production structure and to estimate the rate of technical change and technical bias in the saw and planing mills industry (SPM) in the New Brunswick Province. The findings are that the production structure of the saw and...

Accurately estimating consumer demand for new products is an arduous task made even more difficult by the fact that individuals tend to overstate the amount they are willing to pay for new goods when asked hypothetical questions. Despite their appeal in eliminating hypothetical bias, marketers...

This study examines the impact of facilitated business-to-business (B2B) word-of-mouth (WOM) on participants' information transmission decisions. We also examine characteristics of WOM participants and determine the types of participants who spread information. Understanding WOM participants'...

The acceptance of the nodal pricing system as a mechanism to organize wholesale power markets has exposed both generators and consumers to unprecedented volatile prices. Most of the volatility follows from the method for valuing congestion on the network. Generators and wholesale consumers pay...

The analysis of consumer demands is limited by data availability. Typically, aggregate consumption and expenditure data are all that is available to draw conclusions based on the theory of individual consumer behavior. Such limitations are problematic as some demand systems possess non-linear...

In this dissertation a non-parametric method for the measurement of firm efficiency and risk aversion is developed, tested, and applied. This method is a modification of data envelopment analysis (DEA) that allows the user to simultaneously determine the firm's efficiency score while taking the...

The purpose of the present study was to investigate the impact of market structure and physical network constraints on the performance of deregulated wholesale electricity market under demand uncertainty. The problem was formulated as a Mixed Complementarity Problem, and Stochastic Equilibrium...

Demand analysis at an individual level, using survey data, is becoming increasingly popular. While such analysis has many benefits it suffers from computational or econometric difficulties associated with non-consumption, i.e., problems associated with binding non-negativity constraints that...

There is considerable interest in projections of future productivity growth in agriculture. Whether one is interested in the outlook for global commodity markets, future patterns of international trade, or the interactions between land use, deforestation and ecological diversity, the rate of...

Federal and State regulatory agencies are considering switching from a nitrogen-based manure disposal policy to one that is phosphorus-based. This analysis estimates the compliance costs of this policy change for a representative hog-grain farm in Wabash County, Indiana. The representative farm...