This paper assesses the impacts of decoupled government transfers on production decisions of a sample of Kansas farms observed from 1996 to 2001. Our model allows for risk, risk attitudes and the intertemporal investment decisions. We also allow for different adjustments of the decision...

SUMMARY: This study focuses on the analysis of the production behavior and risk preferences in the presence of output price uncertainty. Following a theoretical model based on the assumption of maximization of expected utility of profits, the approach used in this study infers information about...

The measurement of productivity fluctuations has been the focus of decades-long interest. In addition to broad structural forces driving productivity changes, there is more recent interest in measuring and identifying the heterogeneous forces driving these changes. A major force is...

Our paper assesses the impacts of the partially decoupled (PD) scheme, implemented during the 1990s and first half of the 2000s in the framework of the Common Agricultural Policy (CAP), on on-farm investment as well as on other production decisions. The Spanish COP sector was taken as a case...

The US commercial banking system has undergone dramatic consolidation. This consolidation has been in response to fundamental changes in regulation and technology. The banking and finance literature is abound with research attempting to quantify and evaluate a wide range of outcomes arising from...

The main objective of this research is to discuss and extend the existing literature that is concerned with the estimation of demand and supply parameters to determine unobserved prices, quantities, quality and marginal costs at the firm-level using data sets that reports only revenue and cost...

Knowledge plays an important role in firm decision making as it involves the selection of technological systems and understanding and executing technologies that are implemented. Knowledge management therefore is a learning behavior which is undertaken to acquire additional knowledge and improve...

This paper develops and estimates a structural model of production and inventory behavior for manufacturing plants in two Colombian industries, metal products and plastic product, from 1977 to 1991. Plant level decisions on production, inventories, sales, entry, and exit are developed using an...

The gradual development of establishment and firm-level micro data has lead to a large body of empirical work in industrial organization. This dissertation extends this work by incorporating firm and market heterogeneity into the empirical analysis. Using the Census of Manufactures, we construct...

Commodity futures can supply fair investment return and unique diversification benefits to a portfolio manager. The relative performance between commodity futures and traditional financial assets is varied with business and market conditions. In general, commodity futures are negatively...