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In this study, we develop a conceptual bioeconomic model of floriculture production with aesthetic benefits, wherein optimal decision rules depend on an intertemporal economic objective to maximize profits subject to economic and biological processes. Necessary conditions of the model identify...
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This paper introduces conjunctive optimal pest management and production decision rules applied to the floriculture industry. A grower is faced with optimally controlling multiple pests and applying cultural controls to maximize the expected net present value of benefits within a discrete time...
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This study investigated the cost structure of the floriculture industry in the United States. Economies of scale and input elasticities were estimated with a normalized quadratic cost function. Results suggest that economies of scale exist in the floriculture industry. As producers become large...
Persistent link: https://www.econbiz.de/10005513975
This study investigates consumer demand for meat products in Nigeria and tests if any of the meat products are separable from one another. Estimating a generalized nested demand system, the Rotterdam model was selected using an adjusted likelihood ratio test. Results indicate that mutton and...
Persistent link: https://www.econbiz.de/10005803102
This paper examines the impact of publicized food safety information on consumer price formation of meat (beef, pork, and poultry) and price flexibilities of the meat types. Preliminary analysis indicates that seasonal impact on meat price and some lagged food safety concerns are significant,...
Persistent link: https://www.econbiz.de/10005805284