Private grazing fees differ substantially and systematically across states in the West. In contrast, federal policy establishes the same grazing fee on federal lands, regardless of location. We analyze locational differences in private grazing fees with an econometric model. Differences in...

A recent class of factor demand models is discussed and used to analyze U.S. state-level production data. The approach accommodates output risk, heterogeneous technologies, technological change, endogenous variables, aggregation across agents, and more general flexible functional forms than...

An econometric model of the U.S. dairy market is estimated for the period 1950–80. The economic costs of the dairy program for the period 1965–80 are calculated using ex ante, ex post, and long-run demand and supply functions. Results indicate that the costs of the dairy program...

Dynamic regression equations are estimated for each beef cattle breeding herd and beef cattle inventories at two levels of aggregation, the U.S. and Montana. The analysis for Montana was utilized as a guide for specification of the national equation to reduce the inference problem associated...

A common feature of certain kinds of data is a high level of statistical dependence across space and time. This spatial and temporal dependence contains useful information that can be exploited to significantly reduce the uncertainty surrounding local distributions. This chapter develops a...

Two common problems in econometric models of production are aggregation and unobservable variables. Many production processes are subject to production shocks, hence both expected and realized output is unknown when inputs are committed. Expectations processes are notoriously difficult to model,...

The focus of this paper is the impact on welfare measurement of a common assumption in applied demand analysis, weak separability. A standard empirical practice is to estimate conditional demand models for a set of goods which are assumed to be weakly separable from all other goods with...

A monopoly that sells to brand-name loyal customers and to price-sensitive customers must decide whether to carry both name-brand and a private-label products and how much to charge. The monopoly may charge either more or less for the brand name if it carries a private label, and the price...