This paper extends the basic results of Houck’s insight for derived demand elasticitiesfor the case of joint products by allowing for the possibility of the joint and rawproducts being traded. Theoretical relationships between individual demands for aset of jointly-produced commodities that...

This study estimates the determinants of the exit behavior in a concentrating industry that encounters industrial restructuring. The swine industry has experienced the dramatic change in many perspectives, especially farm size and operation numbers, in the United States in past decades and the...

The farm-retail price spread is the difference between the retail price of a product and its farm value. It changes with changes in factor prices, the efficiency of providing services, and the quantity and quality of services embodied in the final product. A model was derived by Box-Cox...