Foltz, Jeremy D.; Chang, Hsiu-Hui - In: American Journal of Agricultural Economics 84 (2002) 4, pp. 1021-1032
This work estimates probit and tobit models of the adoption of recombinant bovine somatotropin (rbST) on Connecticut dairy farms and then endogenizes that adoption in estimates of milk production and farm profit rates. The work improves on the current literature by allowing the rbST decision to...