The impact of price-quality schedule changes on the 'optimal input choice' of producers which subscribe to a minimum quality standard is investigated using the stochastic dominance method. In addition, the effects of a transition from a fixed price schedule to a quality-dependent price schedule...

Abstract Currently Unavailable.

This paper investigates the effects of factor price stabilization on production decisions of the competitive firm with "ex post" production flexibility. Factor price stabilization is achieved through changes in the guaranteed minimum price and the imposed maximum price. For the risk-averse firm,...

Chapter 19 in book. Abstract Currently Unavailable.

Empirical results support the hypothesis that agricultural prices respond faster than manufactured product prices to a change tn money supply m the United States Sims' vector autoregression (VAR) technique was applied m examining this hypothesis. The monte-carlo integration method was used to...

Abstract Currently Unavailable.

Abstract Currently Unavailable.

Staff Report No. AGES861215. Abstract Currently Unavailable.