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This paper uses both the stochastic and nonstochastic production function approach to measure technical efficiency in public education in Utah. The stochastic specification estimates technical efficiency assuming half normal and exponential distributions. The nonstochastic specification uses...
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Consumers' negative attitude and perception about bST-treated milk has not changed much since its first introduction in 1994 in the USA. The objectives of this study are to measure consumers' willing to pay for bST-free milk and to explore the factors influencing their willingness-to-pay. The...
Persistent link: https://www.econbiz.de/10005471443
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This paper extends previous research in the estimation of minimum demand thresholds for rural commercial sectors by employing count data procedures. Advantages of count data procedures are contrasted with the traditional double-log model. Also discussed is the incorporation of results from count...
Persistent link: https://www.econbiz.de/10010774461
Understanding the ability of a local market to support a particular type of establishment is a prerequisite to designing effective development strategies. While several factors contribute to the vitality of the local retail market, the most fundamental factor is the relative size of the market...
Persistent link: https://www.econbiz.de/10010867048
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Technical efficiency for cotton growers is examined using both stochastic (SFA) and nonstochastic (DEA) production function approaches. The empirical application uses farm-level data from four counties in west Texas. While efficiency scores for the individual farms differed between SFA and DEA,...
Persistent link: https://www.econbiz.de/10005801479
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This paper reports the results of both standard and truncated count data travel cost demand models for estimating demand for and the economic value to participants in mountain biking in the Moab, Utah, area. The empirical estimates for average trip demand per person per season were 2.25 and 2.53...
Persistent link: https://www.econbiz.de/10009196298