The objective of this paper is to examine the responsiveness to price incentives of petroleum exploration, the generation of proven reserves and the production out of reserves in the United States. First, a theoretical framework of oil extraction and supply is developed. Next, an econometric...

This paper develops an econometric model of petroleum discovery and extraction. Impacts of three selected price policies for petroleum are analyzed with the model. Higher oil prices do encourage additional domestic oil exploration and extraction.

The March, 2015 pdf version is recently-edited from a paper written in the late 1980s. A scanned copy of the paper as written in the late 1980s is also available for download. Students who wish to use their math skills to verify each equation and elasticity calculation may wish to download both...

The fast growth of product differentiation affects even the raw food product market and causes substantial price variations. The hedonic price technique is applied to examine raw-egg attributes because of a recent transformation from an undifferentiated to a highly differentiated market. The...

This study suggests that demand management through pricing policies can be used to solve water supply problems. A demand function for water was developed using cross-sectional water data. The demand function was used in a simulation analysis to determine reservoir capacity needed to supply water...

econfoodag.pdf is 620 color slides arranged in 17 chapters; bweconfoodag.pdf is set up for printing on a black-and-white printer two-to-a-page

Supplemental class materials links for the Debertin books available through ageconsearch.