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:...

We devise a formal test of market power that is applied to the international durum market. The model captures the asymmetric cost structure brought about the initial payment system of the Canadian Wheat Board. The model generates testable hypotheses about market conduct and optimal strategic...

This paper discuss the relationship between traditional parametric tests for market integration such as causuality tests and tests of the Law of One Price and cointegration tests for market integration. We show that cointegration tests are a natural extension of the traditional methods taking...

Parametric and nonparametric market power tests most commonly used to assess imperfectly competitive behavior are identified. Monte Carlo experiments are used to assess the accuracy of eight nonparametric tests. The results are compared to Raper, Love, and Shumway's (1997) findings concerning...

The farm size-productivity relationship is tested using nonparametric efficiency measures based on distance functions. This approach to efficiency measurement is less restrictive and more informative than alternative methods. For a group of Honduran farms, diminishing returns to scale render...

These papers examine various aspects of contract, bargaining, adverse selection, and monopoly models. Quality Measurement and Risk-Sharing in Contracts for California Fruits and Vegetables Brent Heuth and Ethan Ligon, University of California. Understanding Production Contracts: Testing an...

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.