A stochastic computer simulation model is used to estimate disaster payments under the Agriculture and Consumer Protection Act of 1973. The model uses a random yield generator and actuarial techniques. Simulated payments under 1976 program parameters and stochastic yields are estimated at $300...

The exponential utility function for money has long attracted attention from theorists because it exhibits nonincreasing absolute risk aversion. Also, under certain conditions, it generates an expected utility function that is maximizable in a quadratic program. However, this functional form...

Analysts frequently adjust price, income, or other data to eliminate the influence of inflation or difference in size The authors of this article examine economic and statistical reasons for deflating time-series and cross-sectional data prior to estimating demand relations Signs and magnitudes...

This article describes and compares three area frame estimators used for agricultural surveys and shows the importance of sampling and nonsampling errors to both economists and statisticians Comparisons among the estimators are based on their applicability, sampling efficiency, and...

The traditional model used to analyze trade Issues suggests that an export subsidy on agricultural products IS an irrational policy choice However, export subsidies are common in world agricultural trade By relaxing the assumptions of the traditional model, researchers can develop several...

The Interindustry flows required to support the output of the U S food and fiber system are decomposed Into backward and forward linkages Our purpose is to evaluate the relative Importance of farm versus food-and fiber-processing activities For the United States In 1977, backward linkages...

The 1963 input-output table is aggregated into a 20-sector table and additional sectors for flue-cured and burley tobacco are developed using different sources of data. Farm budget data are used to develop input vectors for flue-cured tobacco production at eight different levels of technology....

This research demonstrates the need and the procedure for testing sector programming models It compares the model estimates of endogenous variables to carefully selected base period parameters It uses an operational, static, deterministic, and highly aggregate programming model of Philippine...

To investigate the possibilities of establishing a representative sample of farms, using a system of data collection wherein farmers would report monthly their farm business expenses and receipts over a 12-month period, the U.S. Department of Agriculture entered into a cooperative agreement with...