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...

Major legislative, legal, and technological changes paved the way for a period of remarkable growth in the patenting of life science research by U.S. universities in the 1980s and 1990s. Using a multiple-output cost framework and two decades of panel data on ninety-six universities, this article...

This article uses revealed preferences of consumers to study the consumer benefits from rBST-free and organic labeled milk. The article specifies and estimates a quadratic AIDS demand system model for different milk types using U.S. supermarket scanner data. The introduction of rBST-free and...

Trends and determinants in the adoption of recombinant bovine somatotropin are examined using data from across the United States. The core findings are: (a) moderate adoption rates and relatively small impacts on national milk production; (b) substantial disadoption, farmers who have tried the...

This article exploits panel data from Wisconsin dairy farmers to examine the dynamics of recombinant bovine somatotropin (rBST) adoption and to identify the characteristics that distinguish among nonadopters, disadopters, and early and late adopters. Panel methods are used to control for omitted...

This article examines the factors that account for agricultural biotechnology patenting success among universities using a dynamic count data model. It builds a theoretical and econometric model to capture the inherently dynamic and nonlinear process of technological innovation, wherein a...

This work uses non-parametric efficiency analysis and a unique panel data set to analyze efficiency and technical change at US universities from 1981-1998 with a special emphasis on Land Grant institutions. The analysis demonstrates that Land Grants are on average more efficient than their...

We develop a theoretical model of strategic firm behavior in seeking property rights given multiple property regimes. Our model suggests probability of the loss of trade secrets and revelations through patent applications does play a significant role in the choice of property rights by plant firms.