Serious attention has always been bestowed on the stability of food markets. The government has acted on these issues through intervention on food prices that more or less creates distortion. These have been observed on U.S. and Japan. This paper develops a spatial-temporal equilibrium model for...

This article examines land-use, market and welfare implications of lignocellulosic bioethanol production in Hawai'i to satisfy 10% and 20% of the State's gasoline demand in line with the State's ethanol blending mandate and Alternative Fuels Standard (AFS). A static computable general...

This article examines land-use, market and welfare implications of lignocellulosic bioethanol production in Hawai?i to satisfy 10% and 20% of the StateÕs gasoline demand in line with the StateÕs ethanol blending mandate and Alternative Fuels Standard (AFS). A static computable general...

A U.S.-Nebraska linked quarterly econometric model is used to examine i~?acts on the corn, beef and hog industries from immediate and gradual removal of price supports. The results indicate that the agriculture sector is more adversely affected from removal of price supports gradually than...

Causality tests developed by Sims and Granger are fatally flawed for several reasons First, when two variables, X and Y, are uncorrelated, X has no linear predictive value for Y, but X,and Y may be nonlinearly related unless they are statistically Independent, In which case X and Y are not...

A U.S.-Nebraska linked quarterly econometric model is used to examine i~?acts on the corn, beef and hog industries from immediate and gradual removal of price supports. The results indicate that the agriculture sector is more adversely affected from removal of price supports gradually than...