Three types of market segmentation strategies are available to estimate hedonic housing price models—i.e. no segmentation, segmentation by using statistical clustering methods and segmentation by using a priori information. This research tests the hypothesis of Tiebout theory that...

This article examines what differentiates "socially responsible" farmers (i.e., those who rank environmental benefits higher than profit, based on a Likert style ranking) from farmers who make decisions based solely on financial criteria. A proportional odds model (POM) is proposed to estimate...

Deterministic and stochastic yield response plateau functions were estimated to determine the expected profit-maximizing nitrogen rates, yields, and net returns for corn grown after corn, cotton, and soybeans. The stochastic response functions were more appropriate than their deterministic...

Profit-maximizing nitrogen rates were determined for two bermudagrass hay producers, one who considers nitrate toxicity to cattle and one who does not consider nitrate toxicity. Producing bermudagrass hay with a reduced probability of nitrate toxicity requires a $6.02/ton premium to breakeven...

Irrigation is expensive in Tennessee because of small, irregular fields. We calculated the breakeven corn prices for irrigated corn in Tennessee. Breakeven prices were $4.02-$7.94/bu depending on field size, energy source, and energy price. At current prices, irrigated corn is profitable, but...

The main objective of this research is to propose a data-driven approach to estimate the amenity values of restoring urban forest landscapes at potential target sites. The approach allows establishing the overall price-driving time relationship between the amenity values attributable to both...