Three theories of spatial competition are tested on retail price data for the agricultural chemical industry. The empirical tests find only weak evidence of any spatial competition using primary data from sixty-five retailers and twelve different chemicals. Demand and supply-side variables have...

Three theories of spatial competition are tested on retail price data for the agricultural chemical industry. The empirical tests find only weak evidence of any spatial competition using primary data from sixty-five retailers and twelve different chemicals. Demand and supply-side variables have...

Beef-cow inventory demand is considered in a disequilibrium model of the U.S. live non-fed cattle market. Statistical results indicated the possible presence of disequilibrium prices. However, post-model evaluation indicated that the market for non-fed cattle has not been characterized by...

Naïve and adaptive schemes have been used as proxies for price expectations in previous studies of supply response. Those studies contain mixed formulas of futures, support, and lagged prices as alternative formulations for price expectations. This study uses a conditional expected price which...

This study analyzed supply functions for agricultural output and demand functions for factors of production for Georgia. These relationships were derived with duality theory from a normalized quadratic profit function. Land has been included in other duality studies as a fixed factor as opposed...