Econometric estimation of production functions is one of the most common methods in appliedeconomic production analysis. These studies usually apply parametric estimation techniques,which obligate the researcher to specify the functional form of the production function. Mostoften, the...

Paper prepared for presentation at the Third International Conference onCoexistence between Genetically Modified (GM) and non-GM basedAgricultural Supply Chains (GMCC)Seville (Spain), 20th and 21st November 2007

A regime-switching model for analysis of market integration has been developed that incorporates rate of trade information. An application of the methods to United States–China soybean trade demonstrates that the extended trade information allows better interpretation of market conditions....

This paper conducts several analyses to discuss about consumers' preference of rice brands and suggest a way to reduce the number that currently stands at about 1,700 in the Korean market. With data collected from 358 survey respondents, a conjoint analysis was conducted to identify consumers'...

The issue of optimal company size as well as related efficiency issues have always been a great dilemma for scientists and professionals alike. It is now evident that a bigger size would not result in greater efficiency for all activities.As a result of my research, I point out that to achieve...

Periodically, events occur in the domestic and global economies that remind agriculturaleconomists that macroeconomics matter. This was evident in the early 1980s when theFederal Reserve responded to double-digit inflation by driving interest rates to post–World War II period highs. The Asian...

The prevalence of non-monetary transactions (NMT) in the Ukrainian economyis a phenomenon attributable to its transition to a market system. Major types ofNMT are barter transactions, offsets and payment in kind. Non-monetary transactionsare widespread in agriculture.The aim of this research is...

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Danish farmers have been far less interested in agri-environmental subsidy schemes than anticipated. We use choiceexperiments to estimate 486 Danish farmers’ preferences for a number of policy relevant scheme-characteristics.Subsidy schemes for pesticide free buffer zones along hedgerows are...

This paper utilizes the theory of compensating differentials for job risks from the laboreconomics literature to evaluate farmers’ differences in wage-risk tradeoffs. In thecontext of job risks, the theory predicts that farmers who place a lower value on healthstatus are willing to work for...