Genetically modified corn seed companies have innovated continuously with the introduction of new traits and, more recently, with the creation of stacked varieties. Thiswork develops a Bayesian model of adoption that demonstrates how uncertainty with a package technology can lead to a sequential...

This article models and estimates the forces behind farm exits and changes in herd-size among Connecticut dairy farms under the New England Dairy Compact. A model of sunk costs and farm capital investment is used to specify two econometric estimations: A random effects probit model of farm entry...