Measures of per capita dollar incomes seem, at first hand, to be a good simple first approximation to obtaining some idea of the differences that exist between farmers' living standards and those of nonfarmers at any one point in time. But unfortunately, the following factors, among others, make...

The model for analyzing the impact of the Food Stamp Program on food purchased for use at home indicates that no continuous relationship exists between at-home food expenditures and income of food stamp participant households As previous studies have not allowed for this fact, they may have...

A multiregional econometric model evaluates the impacts of changes in monetary policy on economic development in metropolitan and nonmetropolitan parts of each of the four principal U S Census regions Regional variations in the adaptation to a change in national monetary policy depend on a...

This research completes a series of estimates of supply relationships for corn, sorghum, oats, and barley. (See M. E. Ryan and M. E. Abel, "Corn Acreage Response .. .,"Agr. Econ. Res. 24(4); 102-112, Oct. 1972, and "Supply Response of U.S. Sorghum Acreage ...,"Agr. Econ. Res. 25(2); 45-55, April...

La meilleur de tousles tarifs serait celui qui ferait payer a ceux qui passent sur une voie de communication un peage proportionnel a l'utilite qu'ils retirent du passage.1—Jules Dupuit, 1849.

Researchers have found it difficult to estimate reliable elasticities of demand for bread. The reason for this difficulty undoubtedly has been the lack of data regarding consumption (production) levels for bread. This paper reports the results of a statistical demand analysis for bread and...

Net farm income is affected by changes in final demand, in marketing charges, and in production costs. BAE publishes data relating to each of these three sets of factors. This article attempts a new combination of these data for a recent year, with agriculture divided into nine major commodity...

The author modified a numerical procedure developed by Cox, Ross, and Rubinstein for valuing options on stocks to value options on commodity futures contracts The numerical procedure, unlike Black's widely used analytical approach, can include the value of early exercise in the option-premium...

Recursive aggregate demand and supply functions are used to simulate the ability of the farm sector to adjust during the 1970's to three policy alternatives. Different output demand elasticities and shifts in the supply and demand for farm output were assumed. Within reasonable bounds,...