Theory and analysis of price information and its importance have typically assumed that the information is correct. Additionally, most analyses have centered on general price information assuming homogeneous products. This paper examines the implications of incorrect price information on the...

The recent/current recession provides the opportunity to study the effects of the macroeconomic changes on the agricultural production systems in the Great Plains and trace some of its impacts through the system to changes in primary inputs such water resource use. Therefore, the objective of...

While the elimination of the Multifibre Arrangement (MFA) was presumed to be a net global benefit because it represented an elimination of a distortionary set of trade agreements, it was based on the assumption that the underlying global trading regime was based on free trade principles....

The recent/current recession provides the opportunity to study the effects of the macroeconomic changes on the agricultural production systems in the Great Plains and trace some of its impacts through the system to changes in primary inputs such water resource use. Therefore, the objective of...

This analysis uses a residual demand elasticity model to measure market power in the international cotton market. The results indicate that China exerts significant market power and affects cotton prices. Those results, combined with a partial equilibrium model of the international cotton...

Implicit (hedonic) producer prices for fiber strength uniformity were estimated for the southwest U.S. cotton market using seemingly unrelated regression and market sales data from 1983/84 and 1984/85, Fiber strength and length uniformity had significant effects on the price of cotton, but price...

Replaced with revised version of paper 02/11/04.

A combination of conceptual analysis and empirical analysis-partial regression and residuals analysis-was used to derive an appropriate functional form hedonic price model. These procedures are illustrated in the derivation of a functional form hedonic model for an automated, econometric daily...

Cotton and synthetic fiber competition in textile mills between 1961-1990 was examined using a time-varying parameter regression model. Results indicate that the structure of demand for cotton is not stable and cotton's share responses to changes in the prices of cotton and synthetic fiber vary...

A model of hedonic prices – implicit prices of embodied quality attributes – was developed for cotton lint and the relative importance of various quality attributes were estimated with regression analysis from sample data on observed sales of cotton. Results indicated that producer...