New biotechnologies and associated organizational changes may affect farmland values and rental rates, in so doing, influence the distribution of benefits and costs from these innovations along the agricultural value chain. The magnitudes of the resulting changes in the rental rates and values...

The present study provides a comparative analysis of the pork in Spain and the U.S. In both countries, primary pork production has become much more "industrialized," and environmental regulations, population density, and other factors induced the relocation of production facilities. Competitive...

Production and hedging in both forward and options markets are analyzed for forward-looking firms that maximize expected utility. In the presence of unbiased forward and options prices, it is shown that such firms will use options as hedging instruments. This result contrasts with the...

For multiproduct firms, data on aggregate input usage are typically available but data on activity-specific inputs are not. The present study proposes a generalized cross-entropy approach to estimate activity-specific input allocations that are consistent with the aggregate information. The...

December 28, 1996. Abstract Currently Unavailable.

We examine the welfare impact of different intellectual property protection (IPP) regimes in private sector seed research and development (R&D). We take into account the period after expiration of legal IPP, and require simultaneous equilibrium in markets for R&D, seeds, and final product....

The main purpose of the present study is to give an overview of some key agricultural policies and policy mechanisms used by both the E.U. and the U.S. to support their domestic agriculture. The analysis is preceded by a brief overview of agricultural sectors of the E.U and the U.S. and...

This study contributes to the q-based empirical investment literature by using a Bayesian approach to analyze the impact of internal financial variables on a q-based investment model, accounting specifically for variable selection and incorporating outliers explicitly within the advocated...

The study presents an operational dynamic minimum variance hedge ratio (DMV) that allows for updates of both cash and futures positions. It is shown that DMV is more general than other operational models in the hedging literature, including the traditional static minimum-variance hedge ratio...

Abstract Currently Unavailable.