Cattle feeding enterprises operate amid variability originating in prices and production. Thisresearch explicitly models yield risks related to cattle feeding by relating the mean and varianceof yield performance factors to observable conditioning variables. The results demonstratethat pen...

Past agricultural input market participation studies have generally ignored the joint influence of income diversification, transaction cost and production risk on input market participation decisions. This study develops an analytical framework that jointly incorporates the three factors and...

Drawing on the method developed by Just and Pope (1978, 1979), this paper separately analyzes the marginal contributions of both regular input factors and climate factors to mean output and to production risk in Chinese inland aquaculture. Furthermore, the net change in output following a 1°C...

Production risk from live weight variation of market pigs has become a more important concern in U.S. swine production. Packers are concerned about the variation in carcass size because of the demand for standardized cuts and the use of automation in the slaughter process. Swine producers care...

An important issue in the agricultural actuarial literature is the extent to which sample period selection affects the accuracy of insurance rating. A conditional Weibull distribution approach is developed which explicitly models the interaction of weather, technology, and other variables...

We use a two-stage, sample selection model to investigate organic milk purchases using Neilsen’s Homescan data. In the first stage, households decide on a weekly basis to buy mainly organic milk or non-organic milk. Results from this stage show that higher income, better education, having...

Research on the presence of consumer racial discrimination in the baseball labor and memorabilia markets has produced contradictory empirical results. While studies of baseball salaries-find no evidence of discrimination, Nardinelli and Simon (1990) and Andersen and La Croix (1991) use data from...

Este trabajo desarrolla un método flexible y semiestructural para cuantificar empíricamente la transmisión no lineal de los shocks de renta a las decisiones de elección de cartera de los hogares, tanto en el margen extensivo como en el intensivo. Modelizo la participación en el mercado de...

This thesis investigates a range of issues related to the industry-level productivity growth in Australia. It approaches the issues from three different, but related angles. First, it derives the estimates of the industry-level multifactor productivity (MFP) index for the 12 market-sector...

This paper examines changes in agricultural productivity in 10 Subsaharan countries. The relative performance of agricultural sector was gauged using data envelopment analysis. From a panel data set of the 10 countries which included the 28-year period 1972-1999, mathematical programming methods...