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,...

Continuous reorganization of markcll;:s implied by tlH~ process of economic grow til, wherein spcrialization, enlargement of sealc, and applications of technology keep marching onward. Under a regime of privatI.: propcrty, there are continual adaptations of differcllt means for mohili1.ing...

Competition is usually assumed as the general case in applications of classical and neoclassical economic theory Monopoly is treated as a special case Several leading economists during the thirties sought to develop a general theory of monopoly within which competition might be treated as a...

An area of research in agricultural economics hitherto largely neglected was introduced with the recent publication of "Trade in Horticultural Specialties," 1 which was issued by the Bureau of Agricultural Economics last April. The data in this statistical compendium constitute the basis for...

The spectacular nature of many of the breakthroughs In biotechnology has generated considerable publicity and has made demands on agricultural economists for ex ante assessment of potential impacts This article suggests a research agenda for evaluating the impacts of biotechnology on...

Research on the market for irrigation water has been initiated to examine the institutional arrangements that have developed in certain areas to make irrigation water more readily transferable between farmers who have varying seasonal needs for water. This article outlines the manner and extent...

There are a number of estimation methods available to the econometrician. They range in complexity from least squares, which takes only a few minutes with pencil and paper for a simple problem, to full information maximum likelihood, which requires a large-capacity electronic computer for...

It 15 difficult to obtain c1osed-fonn solutions for input demand equations that are conducive to econometric estimation and policy analysis when the production function IS unknown Developments In the theory of duality facilitate obtaining such equations This article provides three examples of...

The widespread growth of bank (and other) charge-account plans implies a distinct possibility that retail food marketing, as well as the food producing, processing, and distributive sectors, indirectly, may become involved to a significant degree in a consumer credit operation. The purpose of...