The paper investigates the linkages between technological change and production risk, with an application to corn. The effects of technology on risk exposure are analyzed. We define technological progress to be risk-increasing (risk-decreasing) if it increases (decreases) the relative risk...

The paper investigates the linkages between technological change and production risk, with an application to corn. The effects of technology on risk exposure are characterized based on the properties of the risk premium. We define technological progress to be risk-increasing (risk-decreasing) if...

Measuring soil quality is extremely difficult, yet it has clear economic importance. In particular, there is a great deal of empirical interest in the dynamics of soil quality evolution when land managers respond to policies and other incentives. Yet current methodologies for measuring changes...

U S grain prices affect one another This study uses Haugh-Pierce chi-square tests, bivariate autoregressive models, and dynamic multipliers to measure the extent of these effects Rice prices exhibit very little reaction to changes in other grain prices However, other grain prices relate closely...

This article analyzes the dynamic relationships among weekly prices of price byproducts, long gram rice, and corn, using causality tests and dynamic multipliers The authors use forecasts to evaluate the time series model rice byproducts prices may be influenced more by shifts 10 demand than 10...

An econometric model of coffee price dynamics is specified and estimated to capture the evolution of coffee prices at the farm, wholesale and retail levels. It investigates the historical influence of the International Coffee Agreement (ICA) through its effects on yield and planting decisions....

This paper investigates bundle pricing under imperfect competition. In a multiproduct context, we first examine how substitution/complementarity relationships among products can affect pricing. This is used to motivate multi-product generalizations of the Herfindahl-Hirschmann index (GHHI)...