We examine the effect of respondent of consequentiality on a split-sample binary-choice/multinomial-choice stated-preference survey. We fail to observe the knife-edge results predicted in the consequentiality literature in the binary-choice data but do observe them in the multinomial-choice...

A simultaneous equation generalized probit model is estimated to determine factors affecting technology adoption by California dairy farmers. Since productivity and technology choice are jointly determined, a single-equation approach to determine whether productivity affects technology adoption...

Using measures of allocative, technical, and overall efficiency as indicators of a latent “"performance"” variable, and a set of farm operating ratios as indicators of the amount of effort to improve the quality of feeding, breeding, and labor productivity, we employ a...

This study adjusts 1960-1996 agricultural productivity gains in a panel of Great Plains states to account for the discharge of pesticide and nitrogen effluents into the environment. The agricultural-environmental technology is approximated with translog distance functions that allow us to...

Processed food products account for a growing share of global agricultural trade. Growth in total factor productivity and intersectoral linkages between agricultural and processed foodsectors are hypothesized as factors explaining this phenomenon. Estimating the neoclassical trade model using an...

This paper provides empirical evidence that reference-dependent preferences help to explain the amount of effort exerted by shrimpers in the Gulf of Mexico. Using survival analysis, the authors find that shrimpers tend to prolong their trip when their current trip revenue goal remains...

While considerable research has estimated liquidity costs of futures trading, little comparable research is available about options markets. This study determines effective bid-ask spreads in options and futures markets for Kansas City Board of Trade (KCBT) wheat. Effective bid-ask spreads are...

This paper assesses the efficiency and performance of organic alfalfa farms. Data were obtained from questionnaires collected from forty farms participating in an EU-subsidized program promoting the switch to organic farming. Results obtained using the bootstrap Data Envelopment Analysis...

We provide empirical evidence to decompose productivity growth of a group of producers into technical change and efficiency measures at the farm level. Using four years of farm-level data from forty-five grain producers in the low- to medium-rainfall zone of Western Australia, we decompose...