Statistical estimation of the demand function for most industrial, and many agricultural, products is inhibited by price fixing or price stabilizing arrangements which prevent observation of the full range of possible price-quantity combinations. In the period 1956 to 1961 the London butter...

In this article a new approach to one aspect of the economics of drought reserves will be discussed. In particular attention will be directed to the uncertainty of drought feed requirements. If future feed requirements were known with certainty then drought would lose many of its terrors,...