Abstract Currently Unavailable.

A model of optimal dynamic agricultural supply is derived and hired assuming farmers have two annual stochastic crop production activities, a joint limitation on production capacity, interdependencies between past acreage utilization and current productivity, and rational expectations. A...

In this paper we examine the relation between geographic location and innovative behavior. Knowledge spillins, as opposed to knowledge spillovers, are modeled as an externality which exists between geographically close economic agents and enters the representative inventor production function...

Abstract Currently Unavailable.

Abstrac Currently Unavailable.

This paper develops an empirical strategy for testi ng competing hypotheses of expectation regimes when direct measures of expectati ons are unavailable. The procedure takes as given an assumed structural relation ship between expected values of exogeneous variables and a given decision variab...

Abstract Currently Unavailable.

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Abstract Currently Unavailable.

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