The induced innovation hypothesis is tested for the USA and western regions using cointegration procedures. An error correction model separates short-run and long-run effects of relative price changes. A significant difference in the elasticities of factor substitution along the isoquant and the...

The Induced Innovation Hypothesis (IIH) is tested for Western US agriculture by means of a cointegration test. An ECM model is used to separate the short-run and long-run effects of relative price changes. A difference in the elasticities of factor substitution along the isoquant curve and the...

Consistent aggregation of production data across commodities and states was tested using Lewbel's generalized composite commodity theorem (GCCT). This was the first empirical GCCT test for consistent geographic aggregation and was applied to two groups of states. Consistent commodity aggregation...

Consistent aggregation of production data across commodities and Western USA states was tested using Lewbel's generalised composite commodity theorem. The applicability of the generalised composite commodity theorem for testing consistent geographic aggregation was demonstrated and applied to...

Consistent aggregation of production data across commodities and Western USA states was tested using Lewbel's generalised composite commodity theorem. The applicability of the generalised composite commodity theorem for testing consistent geographic aggregation was demonstrated and applied to...

This paper uses of Johansen's multivariate cointegration test to test for egg market integration of six Pacific states, Washington, Idaho, Oregon, California, Nevada, and Arizona. We conclude that eggs from these states substitute for each other to some degree, and arbitrage possibilities...

The applied research resource allocation decision process in a complex, hierarchical federal organization is explored in this paper. This decision process includes the identification of research objectives and the funding of projects selected to achieve the objectives. The hierarchical,...

A model is developed which allocates an available budget to research alternatives subject to budgetary constraints on both organizational and technical entities. The solution algorithm is based on the out-of-kilter minimum cost network flow algorithm and is programmed for use in a time-share,...

Water is a multiple use resource. Increasing scarcity and competition from various sectors is an important dimension to be considered in its management. Understanding the value of water to different water uses is, therefore, necessary to assist decision-making in water allocation among sectors....