The following paper outlines a new econometric model designed to capture both the temporal and spatial dynamics of housing prices. The paper combines existing spatial econometric techniques with a model that allows parameters to evolve over time. In addition, we provide an empirical application...

A small stratified sample was drawn from irrigated dairy farms judged to exhibit two degrees (high and low) of salting in the soil. Cobb-Douglas production functions were fitted to time series and cross sectional data for each stratum. The results support the conclusion that the data from the...

University College of North Wales, Bangor, Gwynedd LL57 2UW Wales, Inited Kingdom

Empirical results suggest that the grid premium and discount structure is slowly adjusting carcass quality incentive/disincentive market signals to encourage marketing on a grid and discourage marketing by the pen. If this trend continues, grid market share of steer and heifer slaughter volume...

This paper concerns the economic assessment of a nonconventional technology to provide a cheap food and/or feed for many developing countries, using wasted resources, i.e. coastal arid areas irrigated directly with seawater to grow a halophyte crop(Salicornia-sos-7). It was cultivated for two...

A dynamic dual model of investment under uncertainty is applied to a panel of Finnish hog farms. Stochastic dynamic programming is used to characterize duality relations. The model accommodates irreversibility and/or asymmetric adjustment costs. Results have important implications for Finland's...

We model the ill-defined nature of grazing access using fuzzy set theory. We also model common property considerations. Within this framework, we examine when the traditional system results in higher returns and/or lower variance for herders than land privatization or a standard common property...

The pig-cycle 'explanation' expunded by Coase and Fowler followed a well-integrated economic logic and provides tremendous insight into our understanding of commodity cycles. The paper presents a simulation model that replicates all of Coase and Fowler's results and tests its robustness with an...