The present study uses local maximum likelihood (LML) methods recently proposed by Kumbhakar et al. (2007) to assess the technical efficiency of arable crop Kansas farms. LML techniques overcome the most relevant limitations associated to mainstream parametric stochastic frontier models. Results...

Flexible functional forms are used to examine the characteristics of production technologies. The Fourier functional form is capable of approximating any function globally, with the specified expansion. Unfortunately the exact form of the expansion is not known. The regularity conditions are...

Using Kansas Farm data from 1973 to 1998, curvature restrictions are imposed on a translog cost function. Using uninformative priors with indicator functions representing distribution and inequality constraints, a Markov Chain Monte Carlo Simulation method is used to estimate parameters and...

This research examines the empirical properties of duality theory. A comparison of the Hessian matrices calculated from the normalized unrestricted and restricted profit, and production functions indicate that duality is highly sensitive to measurement error and relative price variability....

This study examined the efficiency of a sample of hospitals in the Great Plains using a nonparametric approach. Technical efficiency was less than either allocative or scale efficiency. Urban hospitals are relatively more efficient than rural hospitals with respect to all efficiency measures....

This effects of food safety issues on food and agribusiness firm financial risk and return are quantitatively examined using a Bayesian switching model. A capital asset pricing model is estimated to examine the pre- and post-issue on the firm. In addition, the diffusion process on other firms in...

This paper attempts to improve the ability of farm managers and lenders to forecast expected financial performance of farm businesses using a neuro-fuzzy inference system. Ex-ante farm financial performance is examined to identify the farms that are likely to become financially stressed before...

This paper studies the extent to which decoupled income support measures in agriculture can have production implications both at the extensive and intensive margins. We develop a theoretical framework that analyzes production responses of agricultural producers to apparently decoupled payments,...

Abstract: We estimate a semi-nonparametric demand system based on a multivariate version of the Muntz-Szatz series expansion which is called the Asymptotically Ideal Model (AIM). The model is applied to consumer demand for dried fruits, raisins, and dried plums. Results from the first and second...