The general method of moments procedure is used for estimating a soybean acreage response function assuming the producers hold rational expectations. Results indicate that soybean, corn, and wheat futures prices, lagged acreage, and government programs are significant factors for determining...

The objective of the research presented in this paper is the development of a stochastic adoption threshold. The option pricing approach for modeling investment under uncertainty is extended for the case of comparing two stochastic input prices associated with inputs that are perfect substitutes...

Principal component analysis in employed to develop indices that distinguish between participants and nonparticipants in Integrated Pest Management (IPM) programs. Results of incorporating these indices into yield, net return, and production cost functions for cotton producers indicate that both...

The method of principal components is used to construct attractiveness indexes for existing and proposed wilderness areas in California. Rankings of areas based on this procedure are compared with those based on size and the subjective attractiveness index developed by the Forest Service. The...

pt. 1. Consumers' sovereignty -- pt. 2. Markets and consumer interaction -- pt. 3. Producers' rules -- pt. 4. Competitive forces -- pt. 5. Monopoly power -- pt. 6. Strategic agent interaction -- pt. 7. Input markets -- pt. 8. Risky world and intertemporal choices -- pt. 9. Missing markets.