Potential of alternative production practices and rental arrangements for risk management of both landlord and tenant, individually and jointly, is examined. Mathematical programming and simulation is used to study a hypothetical Arkansas soybean producer. Results indicate importance of lease...

This study proposes non-parametric techniques for environmentally sensitive analysis of economic performance. The techniques are implemented using Canadian pulp and paper industry data covering the period from 1959 to 1994. The results indicate that productivity improvement has been more...

The impacts of Structural Adjustment Programs (SAPs) on social welfare are investigated using data from the Senegalese peanut sector. The findings suggest that SAP policies resulted in dramatic decreases in peanut production, undermining the profitability of the peanut processing plants as well....

In this article we propose a theoretical model for analyzing capital requirement in agricultural production and define excess capital thereupon. We develop a two-step method that allows endogenous regressors in the maximum likelihood estimation. The two-step procedure is also capably of...

This study uses matching to evaluate the effect of decoupled payments on the acreage response of Iowa farmers who were in business in 1997 and 2002. Using farm-level panel data from the U.S. Agricultural Census, we examine whether farmers receiving high levels of 1997 agricultural payments per...

This paper uses plant-level micro-data from the 2002 Census of Manufactures, Food Safety Inspection Service, and the Economic Research Service in a translog cost function to examine the costs of effort devoted to the performance of sanitation and process control tasks and levels of food safety...

An econometric analysis of productivity convergence in Norwegian salmon aquaculture is undertaken. We also test for the effects of learning and external industry infrastructure capital. Empirical evidence for reduction in productivity differentials is found, but the estimated models also provide...

This paper demonstrates a method for reconstructing flexible form production functions using minimal disaggregated data sets. The policy focus of our approach puts emphasis on the ability of the model to reproduce the existing production system and predict the disaggregate outcomes of policy...

We explore in this paper the consequences of status seeking preferences among agents contracting with a private principal in the context of production. We examine in particular the case of envy and we show that in general envy entails augmented distortions due to asymmetric information in...