This paper presents a model of estimated demand for four tobacco products: cigarettes, cigars, chewing tobacco, and smoking tobacco products. Own elasticities and cross-price elasticities are used to obtain insights into the effectiveness and implications of new policy measures. Of particular...

Consumers responded to the Food and Drug Administration’s September 2006 warnings to avoid eating spinach because of possible contamination with E. coli O157:H7. While spinach expenditures fell, consumers turned to other leafy greens as substitutes. The longer term drop in retail...

US soybean exports to seven major markets are estimated with linear, log-linear, and Box-Cox specifications. Estimates from the three approaches are compared to address these issues regarding the agricultural trade literature functional form selection, longrun price elasticity estimates, and...

This paper generalizes the standard error correction model and applies this more general modeling procedure to an analysis of the spinach e-coli outbreak on consumer demand.

This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We...

This presentation summarizes an AAEA poster.

We divide countries into two technology categories: developed and developing. Agricultural efficiency within each technology category was calculated. Cross-category efficiency measures were developed and combined with own-category measures to develop a technical difference index. Results...

The decision to overwinter feeder cattle hinges directly on the forecast of spring cattle prices. An analysis of price forecasts from several alternative models is presented. The models are evaluated using both the traditional mean square criterion and alternative criteria. The alternative...

We extend the methodology of a two-step profit function to obtain area and yield elasticities. We then estimate the effects of price and technology on crop output of France, Germany, and the UK. Area elasticities were obtained by adding area shadow price equations to the standard dual model of...