Countries and regions within countries frequently import and export from the same standard industrial classification (SIC) groupings. In describing international trade, the Armington assumption recognizes that imported goods may substitute imperfectly for domestically produced goods. Imports and...

This study estimates technical efficiency and scale economies for sample dairy marketing cooperatives in the Rift Valley of Kenya. The maximum likelihood technique was used to estimate a stochastic cost frontier function to determine technical efficiency and scale economies. The estimated...

Forestland is a composite good, the price of which varies with its characteristics, such as its ability to produce timber and its proximity to markets. Sales of predominately forested land in southeastern Oklahoma were examined to better understand and quantify the influences of physical and...