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American Journal of Agricultural Economics

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Most recent articles from American Journal of Agricultural Economics
Bardhan, Pranab, Samuel Bowles, and Michael Wallerstein, eds. Globalization and Egalitarian Redistribution.(Book review)
Bardhan, Pranab, Samuel Bowles, and Michael Wallerstein, eds. Globalization and Egalitarian Redistribution. Princeton, NJ: Princeton University Press, 2006, 326 pp. The collapse of the Soviet . . .

Stochastic rangeland use under capital constraints.
Many countries (e.g., the United States, Australia, and Kazakhstan) have large areas of semi-arid rangelands that are utilized by grazing cattle or sheep. Due to seasonal and annual fluctuations in . . .

On the adoption of genetically modified seeds in developing countries and the optimal types of government intervention.(Author a
Most developing countries traditionally rely on public sector research for agricultural innovation. Internationally, however, the private sector is gaining in importance. New . . .

Grading, minimum quality standards, and the labeling of genetically modified products.(Author abstract)(Report)
The one-billionth acre of genetically modified (GM) crop was planted in 2005, only ten years after this technology was first introduced. Whereas this milestone exemplifies the widespread and . . .

Improving the cost-effectiveness of ecosystem management: an application to waterfowl production.(Author abstract)(Report)
Wildlife and their habitat play a critical role in the provision of many ecosystem services, such as soil protection and pest control, in addition to providing consumptive and passive benefits. In . . .

Imperfect price deflation in production systems.
The connection between economic theory and measurement is often tenuous and filled with compromises. There has long been a concern that substantially wrong conclusions can be reached if there is . . .

Estimation of area elasticities from a standard profit function.
Before duality-based models became the standard method of estimating agricultural supply response to prices, agricultural economists commonly estimated and reported area elasticities and/or . . .

Who cares about environmental stigmas and does it matter? A latent segmentation analysis of stated preferences for real estate.
This article applies latent segmentation analysis to estimate the benefits of contaminated site cleanup. The analysis identifies preference clusters within a population. The existence of clusters, . . .

Behavioral incentives, equilibrium endemic disease, and health management policy for farmed animals.(Author abstract)(Report)
Infectious animal diseases that are endemic, or common, in a region generate a variety of significant adverse economic consequences for that region. Most directly, mortality, morbidity, barrenness, . . .

An integrated epidemiological-economic analysis of foot and mouth disease: applications to the Southern Cone of South America.
Animal disease outbreaks present significant costs to affected countries, especially when the livestock sector is large and substantially integrated into international export markets. For . . .

Modeling farm households' price responses in the presence of transaction costs and heterogeneity in labor markets.
The agricultural development literature has long recognized that rural markets are often underdeveloped or absent. These market imperfections create transaction costs and, if transaction costs . . .

Structural estimation of rank-order tournament games with private information.
In most sporting events, prizes are awarded not on basis of absolute performance but based on relative performance, or tournaments. Besides sporting events, tournaments are also frequently used in . . .

Deregulation as (welfare reducing) trade reform: the case of the Australian Wheat Board.
State trading enterprises (STEs) in the agriculture sector have two characteristics that distinguish them from commercial, profit-maximizing firms. First, they are given by government certain . . .

Cash marketing styles and performance persistence.
One decision that has long troubled crop producers is when to sell their commodities. Producers can choose to sell based on either a mechanical or an active marketing style. With a mechanical . . .

Style and performance of agricultural market advisory services.
Marketing decisions are an important part of farm business management. Farmers are interested in enhancing farm income and reducing income variability when marketing crops. There are many tools to . . .

Valuing agricultural insurance.
Agricultural insurance, in its various guises, has a spotty history in the United States. For the most part, multiple-peril insurance products are not commercially viable without government . . .

Private crop insurers and the reinsurance fund allocation decision.
A unique aspect of the federal crop insurance program since passage of the Federal Crop Insurance Act of 1980 has been the role of private insurance companies in program delivery and risk sharing . . .

Pricing-to-market: price discrimination or product differentiation?
Movements in exchange rates can have an important influence on an imperfectly competitive exporter's pricing behavior. Exchange rates create a wedge between the price set by the exporter and the . . .

Measuring the impact of meat packing and processing facilities in nonmetropolitan counties: a difference-in-differences approach
Meat packing and processing facilities have a prominent, yet controversial presence in rural counties of the South and the Midwest. On the one hand, attracting agricultural processing facilities is . . .

Andrews Donald and James Stock, eds. Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg.(
Andrews Donald and James Stock, eds. Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg. Cambridge: Cambridge University Press, 2005, 573 pp., $75.00. This . . .

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