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Michele De Benedictis has for some time taken an interest in behavioral models for agricultural entrepreneurs. Often, such models are specified by means of a production function and a cost function with the associated derived demands for inputs. In order to make such models operational in a...
Persistent link: https://www.econbiz.de/10008490581
The century-old “law of the minimum” proposed by von Liebig was tested using five independent sets of crop response data on wheat, corn, cotton, silage, and sugar beets. The rival models were polynomial functions reported in the literature as the most suitable models for interpreting...
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Empirical spatial models of trade that are based on a mathematical programming specification often exhibit a large discrepancy between the equilibrium solution and the observed demand, supply and levels of trade flows among countries. This discrepancy may be due to several causes. Assuming,...
Persistent link: https://www.econbiz.de/10010577092
A test of the adding up condition in demand systems is crucial for determining whether a share format is admissible when the number of sample goods is smaller than the number of commodity choices available to consumers. This test requires the estimation of a demand system in a quantity format....
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The objective of this paper is to present an evolution of PMP model suitable to estimate the revenue function and to provide price elasticity due to the variation of subsidies at farm level, especially if they are decoupled. This problem arises when individual data of farm households in a given...
Persistent link: https://www.econbiz.de/10005483639
The U.S. avocado industry has evolved from an emphasis on seasonal domestic production of a mix of avocado varieties to year-round availability of domestic and imported Hass avocados. California avocado producers, who account for approximately 90% of U.S. avocado production and essentially all...
Persistent link: https://www.econbiz.de/10010908317
After several years of informal and formal negotiations, South Korea and the United States reached an agreement to move towards free trade in April 2007. Currently, both countries await congressional approval before the agreement can be implemented. This study explains the substance of the...
Persistent link: https://www.econbiz.de/10010917788