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The objective of this article is to address heteroscedasticity in the stochastic frontier cost function using aggregated data and verify it using a Monte Carlo study. We find that when the translog form of a stochastic frontier cost function with aggregated data is estimated, all explanatory...
Persistent link: https://www.econbiz.de/10005523008
A method was developed with time series models to test hypotheses about the relationship between market structure and spatial price dynamics. Long-run dynamic multipliers measuring the magnitude of lagged adjustments for spatial milled rice prices were calculated from the time series model and...
Persistent link: https://www.econbiz.de/10005460047
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A central theme of international trade research has been the impact of trade liberalization on productivity. Early literature on this theme points out that trade liberalization brings resource/organizational adjustment across industries and this adjustment enhances productivity. A traditional...
Persistent link: https://www.econbiz.de/10010880859
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The energy savings from tree shade coincide with peak electricity demand during summer months, creating an opportunity for utilities to use tree protection policies as demand side management tools. We apply a quasi-experimental research design to identify the change in residential energy caused...
Persistent link: https://www.econbiz.de/10010880874
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Recent policy and research initiatives aim to make sustainable biofuel crops an important component of the nation’s agricultural and energy sectors, yet few studies have explored potential supply response at the farm level using survey information. This article utilizes contingent valuation...
Persistent link: https://www.econbiz.de/10010880880
Agricultural production can degrade water sources through leaching of nitrogen and phosphorus from agricultural land to surface and ground water sources. To minimize the pollution from agricultural production, the U.S. Department of Agriculture promotes adoption of conservation practices....
Persistent link: https://www.econbiz.de/10010880883
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