In this study, we estimated catfish feed and farm price reduced form equations. Of particular importance was the impact of the recent increase in grain prices induced by ethanol production on feed cost and farm prices. This relationship was examined using an autoregressive distributed lag (ARDL)...

Coffee production in Puerto Rico is labor intensive since harvest is done by hand for quality and topography conditions. Färe's nonparametric approach was used to estimate technical, allocative, scale and overall efficiency measures for coffee farms in Puerto Rico during the 2000 to 2004...

This study examines the impacts of empirical definition of zero output values on price elasticities, economy of scope, and scale using the Translog cost function. A system of cost and factor share equations with regularity conditions imposed is estimated. Results show that the choice of default...

In this study, we measure willingness to pay for E10 fuel by US consumers employing a contingent valuation technique in a simultaneous latent variable equation framework. The simultaneous equation framework helps us to understand the way consumers' perceptions about ethanol are developed and...

This paper estimates and compares generalized Box-Cox and composite cost functions to identify scale and scope economies. The robustness of the outcomes to different functional specifications was examined. Increasing returns to scale was common for product-specific and the overall measures....