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We compare nonparametric and nonstructural market power tests using data from the cigarette manufacturing industry. Tests are implemented to examine both monopoly and monopsony power exertion by cigarette manufacturers. Results indicate that market power in the tobacco industry, previously...
Persistent link: https://www.econbiz.de/10005468625
U.S. soybean producers have been cooperatively investing in both production research and demand promotion for nearly four decades to enhance the profitability and international competitiveness of their industry. Have producers benefitted from their contributions to soybean checkoff program...
Persistent link: https://www.econbiz.de/10005468725
Several common flexible functional forms are evaluated for Texas agricultural production utilizing three procedures. Nested hypothesis tests indicate that the normalized quadratic is the marginally-preferred functional form followed by the generalized Leontief. Predictive accuracy results are...
Persistent link: https://www.econbiz.de/10005469251
Income differences attributed to differential access to water in irrigation systems are common. Prior studies of farm-level water use in developing areas have typically been limited to using number of irrigations as a proxy for water use. We develop a volumetric measure in Sri Lanka's Kirindi...
Persistent link: https://www.econbiz.de/10010890769
Own- and cross-price production elasticities, estimated in four major agricultural states (California, Iowa, Texas, and Florida), measure the sensitivity to price changes of as many as 25 individual crop and livestock output supplies and six input demands. While most responses were highly...
Persistent link: https://www.econbiz.de/10010879213
A method of combining survey data and Dairy Herd Improvement Association (DHIA) records to achieve low cost farm trials is presented. Farm trials and surveys of current practices and production responses are useful to identify yield gaps between expectations predicted from experimental findings...
Persistent link: https://www.econbiz.de/10010879520
Government programs that help agricultural producers manage risk may have environmental consequences. In recent years, premium subsidies for crop insurance have been increased substantially to encourage greater producer participation. Using detailed, producer-level crop insurance contract data...
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