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Aggregate dual models are specified to examine multiple-output production relationships in each of four major, geographically dispersed, agricultural states (California, Iowa, Texas, and Florida). Three locally-flexible functional forms (translog, generalized Leontief, and normalized quadratic)...
Persistent link: https://www.econbiz.de/10005525485
The curvature properties of the indirect utility function imply a set of refutable implications in the form of comparative static results and symmetric relations for the competitive firm operating under uncertainty. These hypotheses, first derived and empirically tested under output price...
Persistent link: https://www.econbiz.de/10005477018
Soybean producers participate in a checkoff program to support research and market development activities. Checkoff funds are used for both yield-enhancing and cost-reducing production research. Using USDA cost-of-production data and a regional modeling framework with greater model pretest...
Persistent link: https://www.econbiz.de/10005484240
Because so much agricultural policy analysis utilizes estimates of supply and demand elasticities, it is crucial to obtain the most reliable estimates possible. Where reliability cannot be adequately assessed, the sensitivity of elasticities to equally plausible a priori specifications should at...
Persistent link: https://www.econbiz.de/10005484311
Designed for consistency with competitive theory, nonrejected simplifying assumptions and multi stage choice, aggregate dual models are specified of Texas agricultural production. Disaggregated own and cross price elasticities are derived for 25 commodity supplies and six input demands....
Persistent link: https://www.econbiz.de/10005434717
In this paper we assess the effectiveness of the Market Promotion Program (MPP) in increasing U.S. exports and benefitting U.S. agricultural producers and food processors. Export shipments are linked to producer welfare using Kohli's (1978) profit maximization (GNP function) approach to modeling...
Persistent link: https://www.econbiz.de/10005382385
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Using a dual economic specification of a multiproduct technology, the structure of agricultural production was tested for five South Central states (Texas, Oklahoma, Arkansas, Mississippi, and Louisiana). A comprehensive set of output supplies and input demands comprised the estimation equations...
Persistent link: https://www.econbiz.de/10005459880
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