An adaptive regression model is employed for estimating pre- and post-boll weevil eradication cotton-acreage response. Results indicate cotton acreage becoming more inelastic to own- and cross-price changes. As a result of this shift in acreage response and yield increases from eradication, net...

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...

The judiciary has relied on a firm's market share to evaluate the presence of monopoly power for a Sherman Act monopolization violation. However, an allegation that a firm's market share constitutes monopoly power may be refuted by evidence that there exists a contestable market. Contestable...

The elimination of methyl bromide (MeBr) has been a hot topic for policymakers for more than a decade. As a result, of the Montreal Protocol on Substances that Deplete the Ozone Layer, signatory nations began implementing guidelines aimed at reducing or eliminating a variety of toxic substances,...

Considering pest management in terms of a set of technology characteristics allows an investigation of various pest-management characteristics and how they relate to a total pest-management package. Employing restricted and unrestricted least squares in this investigation indicates the unique...

Student evaluation of teaching (SET) is employed as an aid in improving instruction and determining faculty teaching effectiveness. However, economic theory indicates the existence of externalities in SET scores that directly influence their interpretation. As a test of this existence, a...

Southeast drought conditions have accentuated the demand for irrigation in the face of restricted water supply. For allocating this supply, Georgia held an auction for withdrawing irrigated acreage. This auction withdrew 33,000 acres from irrigation, resulting in a physical estimate of a 399...