This analysis used simulation to compare the cost of intergenerational transfer of farm estates under the pre-1981 tax rules and the Economic Recovery Tax Act of 1981 (ERTA) provisions. ERTA reduces transfer costs for almost all the estates considered. Large estimates tend to benefit more than...

Simulation was used to analyze the distribution of benefits from the 1981 and 1982 federal income tax legislation for farm types that exhibit various tax characteristics. The results indicate that distributional effects are largely attributable to the reduced progressivity of the tax rate...

Pests like the larger grain borer (P. truncatus) and the maize weevil (S. zeamis) cause significant storage losses for African maize producers. The value of storage protection to a market-oriented farmer is a function of price seasonality, value loss prevention, and their opportunity costs of...

This paper provides a critical review of the literature on non-market valuation methods to estimate the welfare impact of novel products; it is the first study to assess both observed data- and perception-based methods as non-market valuation methods. Observed databased methods include budgets,...