An econometric model is estimated to simulate the impact of introducing bovine somatotropin (BST) on the California dairy industry. Forecasts of 1991-94 milk production and prices without BST are compared to those with BST under the 1990 Farm Bill. The effects are evaluated under a range in...

An ex ante adoption model of bovine somatotropin (BST) is estimated with survey data of California milk producers. Theoretical justification is developed for incorporation of socioeconomic explanatory variables in a technology-adoption model. The advantages of a multinomial over a binomial ex...