This article presents an aggregate benefit-cost analysis of alternative areawide boll weevil eradication and management strategies Economic efficiency effects of the programs were measured m terms of consumer benefits, farm income, and public program costs, TECHSIM-an econometric Simulation...

This paper presents a hyperbolic trigonometric (HT) transformation procedure for empirically estimating a cumulative probability distribution function (cdf), from which the probability density function (pdf) can be obtained by differentiation. Maximum likelihood (ML) is the appropriate...

This article graphically illustrates the one-to-one duality mapping among the production function, the product supply equation, the derived factor demand equation, and the indirect profit function for the classical profit maximization problem. This pedagogical framework is then used to...

TECHSIM, a regional field crop and national livestock econometric simulation model, evaluates impacts of technological change Unlike other econometric models specified and constructed in an ad hoc fashion, TECHSIM makes practical use of theory by incorporating a priori information regarding the...

This article graphically illustrates the one-to-one duality mapping among the production function, the product supply equation, the derived factor demand equation, and the indirect profit function for the classical profit maximization problem. This pedagogical framework is then used to...

Statistical procedures are developed for reducing the number of autonomous state variables in stochastic dynamic optimization models when these variables follow a stationary process over time. These methods essentially delete part of the information upon which decisions are based while...

This paper presents a hyperbolic trigonometric (HT) transformation procedure for empirically estimating a cumulative probability distribution function (cdf), from which the probability density function (pdf) can be obtained by differentiation. Maximum likelihood (ML) is the appropriate...