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A partial equilibrium four-region world trade model for the soybean complex is developed in which Roundup Ready (RR) products are weakly inferior substitutes to conventional ones, RR seeds are priced at a premium, and costly segregation is necessary to separate conventional and biotech products....

This paper discusses the implications of using genetically modified crops to biomanufacture pharmaceuticals and industrial compounds from the perspective of their co-existence with conventional agriculture. Such plant-made pharmaceuticals and plant-made industrial products rely on exciting...

abstract currently unavailable

abstract currently unavailable

abstract currently unavailable

abstract currently unavailable

Analysis the nonparametric and semiparametric regression models based on kernel density estimation. Application of the regression models to the analysis of returns to scale in dairy farms using a multioutput cost function; Development of semiparametric tests of constant returns to scale and...

We consider the hedging problem of a firm that has three sources of risk: price, basis, and yield uncertainty. An exact solution for the optimal futures hesge is derived under the assumption that the three random variables are joint normally distributed and that utility is of the CARA type....