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Fixed search costs associated with locating and purchasing pecans invalidate the Tobit model. Factors such as perceived quality, ease of purchase, and familiarity with marketing outlets influence the fixed costs of pecan purchases. These factors have differing impacts on the probability of...
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This research proposes the estimation of a partial equilibrium econometric and simulation international trade model for sorghum: United States and Mexico component. Sixteen equations were simultaneously estimated and validated as a system using seemingly unrelated regression. Results on...
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China is one of the world's fastest growing economies showing an impressive growth on consumption of animal protein which has resulted on a rapidly increasing derived demand for feed grains. Corn is the key feed crop for China, however, the government policies have boosted domestic corn prices...
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About 20 years ago, the United States had the largest market share of sorghum in the Japanese market. However, in recent years, Australia’s share of the same market has been constantly growing and has now claimed the top position. A possible explanation suggests that US sorghum lost price...
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A multiple regression was performed on 37 years of data to determine the impact of raising the tobacco tax on cigarettes by $.24 per pack on cigarette sales in Mississippi. The t-statistic for the slope was significant at the .05 critical alpha level, t(29) =1.69 and p=.05. Thus, we conclude...
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This paper finds that branded fresh beef expenditures increased from 20.8 percent in 1998 to 28.6 percent in 2004 for all fresh beef expenditures. In addition, geographic location, household income, household race, and household size were found to affect the likelihood of branded fresh beef...
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