This paper provides an updated assessment of the changing demand for farm labor, including its components and relative use, as reflected in the capital-labor ratios for California and Florida, which are major coastal producers of fresh fruits and vegetables, and of Iowa and Texas, which are two...

In this paper we fit stochastic frontier production functions to data for Chinese farms grouped into each of four regions

In most environments, information is critical to consumersï¾’ decision making. Consumers have prior beliefs about quality and price of goods and services and obtain new information which is used to update these prior beliefs or to form posterior beliefs, i.e., Bayesian learning. New food...

This paper applies production theory to define a new set of inputs for U.S. households for the post-war II period, tests the new inputs to see if they support a complete household-demand system, and reports a new social cost-of-living index. The data support a demand system with nine major input...

The paper draws upon the work of T.W. Schultz to show that human capital theory and labor market adjustments have important implications for investing in people for the 21st Century.

This paper reviews and synthesizes the theory of information economics and empirical evidence on how information changes the behavior of consumers, households and firms. I show that consumers respond to new information in food experiments but perhaps not in retirement account management. Some...

A methodology for measuring public agricultural research capital is developed and described for the first time, new public agricultural research capital measures for each of the 48 contiguous US states, 1970-1999, are presented, and a new econometric analysis of the contribution of public...

This paper applies production theory to define a new set of inputs for U.S. households over the post-World War II period and uses newly constructed data on some of these inputs to fit a complete household-demand system, including inputs of women’s and men’s housework, and seven other input...

This paper presents new econometric evidence on state government’s demand for resources to support local agricultural experiment station research.  The econometric model consists of a complete-demand system covering four major resource sources, and it is fitted to annual observations on 48...