This paper provides an analytical framework to examine the relative efficiencies of a revenue-neutral biofuel subsidy and a gas tax in the presence of pre-existing distortions and growing substitutability between fuels. Both policies are set to achieve a targeted reduction in gasoline use at the...

This paper examines and quantifies the consequences of increases in supplies of oil and gas from shale resources for the US economy and its agricultural and biofuel industries using a computable general equilibrium modeling framework under alternative economic conditions and emissions reduction...

An expected utility model was developed to capture the impacts of wealth, other economic, and institutional factors on irrigation acreage allocation decisions. Predicted water demand is derived from an expected utility structural model and various ARIMA models. No significant differences arise...

An expected utility model that includes output price and yield uncertainty was used to estimate cotton, corn, and soybean acreage response equations for the Southeast. The model appeared to fit the soybean and corn data well, resulting in own-price elasticity estimates of 0.317 for corn and...

Elasticities of import demand and supply often drive economic models, but few empirical estimates of these elasticities exist for vegetables and fruits. For those that do exist, most are outdated. Because elasticities change over time as income, prices, and market conditions change, outdated...

The assumption in standard expected utility model formulations that the coefficient of risk aversion is a constant is potentially unrealistic. This study takes the standard linear expected meanvariance problem and replaces the coefficient of risk aversion with a function of risk aversion,...

Characterized by weak local rice productivity, inefficient marketing and processing of paddy among other constraints, the local rice sector in Côte d’Ivoire has failed to meet domestic rice consumption needs. In the absence of comprehension action, the country is expected to face a deficit of...

Understanding how producers make decisions to allot acreage among crops and how decisions about land use are affected by changes in prices and their volatility is fundamental for predicting the supply of staple crops and, hence, assessing the global food supply situation. The innovations of the...

This paper estimates the acreage supply response of natural rubber in Thailand using cointegration methods. Results show that a unique long-run relationship exists between area planted, the rubber price and the replanting subsidy, and the rubber price is weakly exogenous. The short-run own price...