We investigate how to theoretically and empirically measure pre-committed quantities through price formation utilizing translating in the consumer distance function. The translated consumer distance function is defined as a dual to the translated utility, indirect utility, and expenditure...

A normalized quadratic input distance function is proposed with which to estimate technical efficiency on commercial banks regulated by the Federal Reserve System. The study period covers 1990 to 2000 using individual bank information from the Call and Banking Holding Company Database. A...

In this paper we seek to improve understanding of the dynamics of perennial crop supply by comparing acreage change on land owned by incumbents compared to landown- ers entering or exiting perennial crop production. Spatially explicit land cover and land ownership data is integrated at the eld...

This study makes an empirical comparison of estimators for censored equations using Monte Carlo simulation. The underlying data generation process is rarely known in practice. From the viewpoint of regression, both ordinary censoring rule and sample selection rule are logical rules of censoring....

We investigate the impacts of food safety on a weakly separable U.S. meat demand system (beef, pork, and poultry) using both the Generalized Almost Ideal Demand System (GAIDS) and the Rotterdam model. To measure food safety, indices are constructed based on the number of meat safety articles...

Policy changes and the evolution of green technology have induced new links among markets. In this research, we study a representative market system, the U.S. crude oil, corn and plastics markets affected by policies promoting corn-based energy and corn-based bioplastics production. The vector...