The specification and estimation of models of consumer and producer demand with kink points are considered. The presence of kink points divides the demand or production schedule into different regimes. Our approach utilizes the concept of virtual prices. The virtual prices transform binding...

This study uses nonparametric techniques to analyze the stability of demand for 19 major food categories among various demographic groups in the United States. Households are divided into population groups by income, the head's age, and the spouse's education level. The data used are from the...

The objective of this paper is to analyze the effects of increasing, decreasing, or having no-minimum Class I differentials on regional fluid milk consumption, milk production, prices received by farmers, and the U.S. manufacturing milk price.

This paper estimates a complete demand system for food for the United States using an extension of the Almost Ideal Demand System (AIDS) with household and aggregate data. The major purpose is to explore the implications of aggregation over consumers. Empirical evidence, based on data from the...

The central objective of this study was to estimate the implicit marginal prices for the following attributes of hybrid seed corn: yield, moisture content, root lodging, stalk lodging, stand survival and ear drop. This study fills an existent gap in the application of a hedonic price technique...