This paper discusses the economic implications of the preferential trade agreements that New Zealand is currently negotiating, using a computable general equilibrium modelling framework. The New Zealand dairy industry is a particular focus in the results, which come from the GTAP model produced...

The enforcement of contracts is necessary for efficient exchange and investment in economic activities. Contracts can be enforced through a variety of mechanisms, both public and private. However, in many developing and transitional countries these public institutions are either absent or...

As the economic viability of small farms continues to be an issue facing policy makers and economists alike, a market orientation may be a valuable resource producers can develop as they compete in a marketplace dominated by larger firms. Marketing and strategy scholars have long established the...

As the economic viability of small farms continues to be an issue facing policy makers and economists alike, a market orientation may be a valuable resource producers can develop as they compete in a marketplace dominated by larger firms. Marketing and strategy scholars have long established the...

This paper analyzes the rice production technology in Korea in the context of multi-output framework. The estimation uses a set of national farm-level panel data within the primal approach. The particular focus of the study is to analyze the existence of heterogeneous technologies for different...

This study was conducted to determine risk efficient production strategies for crop and livestock producers who have the opportunity to produce wheat as a dual-purpose forage and grain crop. Empirical data obtained from field trials were incorporated into an integrated crop and livestock...

This paper examines the Multi-Product Asymptotically Ideal Production Model as an alternative to the translog and normalized quadratic functional forms using farm level data. Factors such as ease of estimation, imposition of regularity conditions, and quantitative differences in empirical...

The study uses a partial equilibrium model to determine the benefits that would accrue to smallholder dairy producers and consumers from improved efficiency of Tanzania’s informal dairy value chain. Two sources of technical efficiency are analyzed, namely, cost efficiency and scale efficiency....

This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We...

The current debate surrounding the 2012 Farm Act stresses cutting costs while maintaining, or even strengthening, farmers’ “safety net.” One way to cut costs is to reduce or eliminate potential overlap of farm program payments. Using simulations, we explore the interaction between the...