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Slippage rates for corn and wheat are estimated using a simultaneous system explaining per-acre yields, input usage, technical change, and levels of participation in government programs. Soybeans are included due to cross-compliance requirements and because they substitute for corn in...
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Revelation of criteria implicit in setting policy is addressed in a political economic framework that includes identification and estimation of unknown parameters in the presence of multiple sources of uncertainty. Policy formation is viewed as an optimization process under which the government...
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Policy preference functions (PPFs) explicate trade-offs among various political economic groups concerned with the policy process. Estimation methods for PPFs are detailed. The stochastic nature of PPF parameters is discussed and a method for developing standard errors is introduced. Hypothesis...
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