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"Agricultural market distortions remain a major focus of contention in world trade negotiations. Estimates of the effects of liberalising current agricultural trade restrictions indicate an approximately $385 billion increase in global welfare, with the disproportionate share of the benefit...
Persistent link: https://www.econbiz.de/10005305546
The Malmquist index has gained acceptability in empirical analyses of productivity in recent years. Some question has been raised concerning the index's ability to accurately portray productivity change in the presence of nonconstant returns to scale. This letter demonstrates that the index does...
Persistent link: https://www.econbiz.de/10009207609
This paper develops a methodology for investigating different specifications of angling quality in recreational demand models. The methodology is used to compare three alternative specifications of the relationship between angling demand and site quality. The site quality alternatives include...
Persistent link: https://www.econbiz.de/10005810737
An approach to productivity measurement based on distance function measurement is developed in this paper. A series of reference technologies are constructed by augmenting observed inputs and outputs such that the resulting effective netputs are consistent with the weak axiom of profit...
Persistent link: https://www.econbiz.de/10011154947
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Markets for agricultural products may be inefficient when signals do not adequately reflect product characteristics important to market participants. Although preferences can be explicitly stated through price premiums or characteristic values can be determined via hedonic methods, the problem...
Persistent link: https://www.econbiz.de/10005310955
Introduction: This report provides an overview of the important factors affecting investments in agricultural value-added ventures. The introductory section outlines current research on factors important in the location of economic activity. Research applied to specific agricultural value-added...
Persistent link: https://www.econbiz.de/10005310957
Scientific inquiry is increasing our knowledge of plant and animal genomics. The ability to specify heterogeneous production processes, to sort agricultural inputs by genotype, or to guide breeding programs to satisfy specific markets based on genetic expression may increase producer and...
Persistent link: https://www.econbiz.de/10005364237