This paper suggests a new approach to econometrically estimate parameters of multi-level Constant Elasticity of Transformation (CET) functional forms which are widely used in developing Computable General Equilibrium (CGE) models. An illustrative CET functional form is estimated using the...

While considerable research has estimated liquidity costs of futures trading, little comparable research is available about options markets. This study determines effective bid-ask spreads in options and futures markets for Kansas City Board of Trade (KCBT) wheat. Effective bid-ask spreads are...

The costs of obtaining a given level of accuracy in estimating yields of tree fruit might be lowered by the use of photographs or supplemental information on fruiting potential. A small-scale experiment of this sort is described for peaches and apples. A procedure for evaluating the relative...

A ban on toxaphene use In control of the cotton budworm bollworm would Increase the average price of cotton 8S well as Its Price instability It would decrease the level and Increase the variability of cotton Yield and production Such 8 ban would also decrease the expected value but not the...

Preharvest production forecasts can be combined with contemporaneous price quotations for futures contracts to estimate demand equations, but the methodology has limitations for estimating structural coefficients An application using data for corn highlights the difficulties The methodology,...

The demand for U.S. feed grain is estimated using a six-equation simultaneous model. Four different utilizations of feed grain and feed grain price as well as the number of animal units fed are estimated. The reduced form of the model is used to provide forecasts of the endogenous variables for...

Understanding the dynamic programming algorithms used In the optimal grain storage literature IS a prerequisite to understanding the findings of this literature This article Introduces these dynamic programming algorithms by examining several In terms of their underlying economic behavior These...

The development of molecular markers allows plant breeders to identify desirable traits by analysing DNA rather than undertaking field trials or laboratory tests. This capacity provides a potential for a significant changes to occur within plant breeding programs. However, the value of...