Researchers using revealed preference data have mostly relied on the Mixed Logit (ML) framework to model unobserved heterogeneity. In this paper, we suggest an extension of this model where we integrate direct measures of taste and revealed preferences, under a unified econometric setting, to...

Replaced with revised version of paper Jan. 11, 2012

The paper reviews seven partial equilibrium global models used over the last 10 years to the analysis of the Common Agricultural Policy (ESIM, FAO-WFM, FAPRI-CARD, MISS, SPEL/EU, SWOPSIM and WATSIM). The discussion starts from the basic modelling assumptions, the data and parameters employed, by...

The paper reviews the econometric models used in the past 10 years to analyse the most widely used agricultural policy instruments. The main aim of the paper is to provide the reader with an overview of these models, analysing the technical solutions adopted, the type of results that can be...

Multivariate probit analysis of BMP adoption, based on Louisiana sugarcane producer data, indicates that education and cost-sharing programs are effective means of increasing adoption rates. Results also indicate that contemporaneous correlation exists within and between management measures,...

This paper develops an option value model to examine the extent to which output price uncertainty creates incentives to adopt two interrelated components of site-specific technologies sequentially. It analyzes how the impact of uncertainty on the sequential adoption decision differs across...

A model of a (convex) technology of representative and non-representative firms in a heterogeneous sector is presented in non-parametric and parametric versions. The heterogeneity is specified with error terms. The models including a non-parametric distribution of the errors can be estimated...