The first issue of Agricultural Economics Research appeared in January 1949. The original purpose of the new journal was to provide the Bureau of Agricultural Economics with a "medium for the publication of technical articles." Following the abolition of the Bureau in late 1953, the journal...

Understanding the dynamic programming algorithms used In the optimal grain storage literature IS a prerequisite to understanding the findings of this literature This article Introduces these dynamic programming algorithms by examining several In terms of their underlying economic behavior These...

Production and cost functions have long been recognized as vital components of economic analyses relating to the individual firm. The U.S. Department of Agriculture, beginning with the pioneering work of T V. J. Spillman, has been a continuing participant in their empiric and theoretical...

Most analyses of allocative efficiency under different forms of agricultural tenure - share tenancy, fixed cash tenancy, and owner cultivation - employ single product models of production These models show that risk sharing encourages share tenants to produce as much as or more that equally...

Many econometric analyses include dependent variables constrained to the interval between zero and 1 Under such conditions, simple regression procedures break down Several alternative stochastic models which avoid this problem can be defined depending on the assumed error structure Two...

A particular numerical analytical technique for solving systems of simultaneous equations which offers several advantages to the user over other numerical techniques is discussed. The Gauss-Seidel algorithm is simply an iterative technique which requires no derivatives, matrix inversion,...

The aggregate economic indicators and statistical series published by the U S Department of Agriculture provide insufficient Information for decisionmakers requesting disaggregated analyses of farm industries, farm types, or farm Sizes However, this Information can be obtained through the annual...

A recently published model of the livestock-meat economy is used to illustrate modifications that permit us to obtain a reasonable and consistent set of projected values to 1980. Ecollomic theory and an understanding of the industry were used to introduce a set of assumptions about institutional...

When using input-output analysis to measure the effect of exogenous changes in the value of final demand, it is important to identify the degree to which the change in value is due to changes in prices or to changes in the volume of demand. A modified input-output model is presented to...

A nonlinear production function can cause gambling or insuring in a risk situation. This result holds independently of the shape of the utility function for income. When a random variable enters an entrepreneur's production function with diminishing returns, profit maximization behavior can be...