Switching costs affect importer decisions, hence impacts of subsidies over time. Dynamic, game theoretic simulations of EU-US competition for Moroccan wheat imports suggest firms charge lower prices and governments award higher subsidies with switching costs. Policy under alternative...

This paper analyzes the effects of policy instruments used in the dairy sector. The analysis considers the supply of milk, the processing step characterized by joint production and the final demand for processed goods. A short term partial equilibrium model is defined. We use it to determine the...

This study examines cost minimizing behavior and efficiency measures for a sample of Kansas wheat producers, using nonparametric methods. As such, it verifies the applicability of nonparametrics within a production economic framework.

An economic model illustrating a southern forest landowner's incentive to increase timber harvest in response to the risk of red-cockaded woodpecker colonization and subsequent regulation under the Endangered Species Act is developed. The empirical results show that industrial landownders...

An instrumental variables panal data model was applied to a set of dairy farm financial and production records from the states of New York and Pennsylvania and the province of Quebec. This model allowed unbiased efficiency estimation without the drawbacks of a Fixed Effects specification.

Production contract tournaments induce self-selection among producers. Self-selection for pork differs from broiler production resulting in a predictably different political response by incumbent producers to contract innovation. The higher capital and status of incumbent pork producers than...

Overcapitalization in the U.S. Atlantic Swordfish fishery has led to a proposed limited access system. A bioeconomic programming model was developed to evaluate the propsed program under various assumptions regarding fleet heterogeneity and composition. Results indicate that regulations based on...

It is widely believed that block-rate pricing separates income redistribution from efficiency consideration. We show that social optimum can not be implementable by block-rate pricing. Particularly, block-rate pricing with marginal cost as the highest block induces over production and...

AGCO Corporation is a success story in the agricultural machinery sector. Utilizing marketing strategies of out-sourcing, cross-over selling, and a full line of products, AGCO markets its own way. In 7 years, AGCO has 18 brands sold through 7,000 dealerships in 140 countries. Acquisition and...

Output growth decomposition of the Greek olive-oil sector under technical and allocative inefficiencies, economies of scale and technical change, is performed. The stochastic production frontier model is extended to panel data and FGLS estimation. Conventional inputs are main source of growth:...