Showing 1 - 10 of 43
The objective of this study is to propose a system of input demand functions consistent with the theory of the firm where promotion is treated as an information input in the production function. The empirical model is applied to the European Union (EU) input demand for shelled peanuts. The...
Persistent link: https://www.econbiz.de/10005804645
The hedonic pricing model is widely accepted as a method for estimating the marginal willingness to pay for spatially delineated amenities. Empirical applications typically rely on one of three functional forms—linear, semi-log, and double-log—and rarely involve rigorous specification...
Persistent link: https://www.econbiz.de/10005039314
separability conditions for aggregation have been rejected is reconsidered to determine if aggregation can be based on the GCCT … of formulating aggregates prior to conducting tests for aggregation is addressed. …
Persistent link: https://www.econbiz.de/10005503209
Economists often use aggregate time series data to estimate consumer demand functions. Some of the popular applied demand systems have a PIGLOG form. In the most general PIGLOG cases the “average” demand for a good is a function of the representative consumer expenditure not the average...
Persistent link: https://www.econbiz.de/10011070020
Consistent aggregation of production data across commodities and states was tested using Lewbel's generalized composite … commodity theorem (GCCT). This was the first empirical GCCT test for consistent geographic aggregation and was applied to two … groups of states. Consistent commodity aggregation was tested in all states for two output groups and three input groups and …
Persistent link: https://www.econbiz.de/10005805929
The generalized composite commodity theorem (Lewbel 1996) is used to test for consistent aggregation of U.S. and … aggregated into as few as five categories. The aggregation of all outputs into a single output cannot be supported in either …
Persistent link: https://www.econbiz.de/10005338787
Replaced with revised version of paper 06/15/11.
Persistent link: https://www.econbiz.de/10009021529
-agriculture. Standard aggregation procedures ignore the variability within sectors, and underweight the importance of highly protected … that using optimal aggregation procedures increases the measured importance of agricultural trade reform relative to non …
Persistent link: https://www.econbiz.de/10009021173
farmers' needs, expensive, benefiting agro-business, risk of decreased biodiversity), but does indicate that contamination of …
Persistent link: https://www.econbiz.de/10005500372
, and on attributes associated with both business arrangements. Risk-averse farmers should be willing to pay a risk premium … for the reduction in price risk provided by a contract. Farmers with a preference for "autonomy" should be willing to pay … and own the commodity they produce. The benefits to growers from contracting (such as risk reduction) may be over …
Persistent link: https://www.econbiz.de/10005513447