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American Journal of Agricultural Economics

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Most recent articles from American Journal of Agricultural Economics
Easterlin, Richard A. The Reluctant Economist: Perspectives on Economics, Economic History, and Demography.(Book review)
Easterlin, Richard A. The Reluctant Economist: Perspectives on Economics, Economic History, and Demography, New York: Cambridge University Press, 2004, 285 pp., $75. The argument Professor . . .

Cox, Andrew. Win-Win? The Paradox of Value and Interests in Business Relationships.(Book review)
Cox, Andrew. Win-Win? The Paradox of Value and Interests in Business Relationships. Earlsgate Press (www. earlsgatepress.com), 2004, 296 pp. Managers often enter into business relationships that . . .

P. Aghion and A. Banerjee. Volatility and Growth: The Clarendon Lectures in Economics.(Phillipe Aghion,Abhijit Banerjee )(Book r
P. Aghion and A. Banerjee. Volatility and Growth: The Clarendon Lectures in Economics. Oxford University Press, 2005, Oxford, UK. ISBN 0-19-924861-3, Price $35.00. In February of 1999, Philippe . . .

Nelson, Douglas R., and Hylke Vandenbussche. The WTO and Anti-Dumping.(Book review)
Nelson, Douglas R., and Hylke Vandenbussche. The WTO and Anti-Dumping, volume I. Cheltenham, UK: Edward Elgar, 2005,1,248 pp., $500.00 hardback (for both volumes I and II). Volume I of this . . .

Modeling starting point bias as unobserved heterogeneity in contingent valuation surveys: an application to air pollution.(Autho
Contingent valuation (CV) studies are increasingly used to evaluate nonmarket goods and services, environmental goods or health care programs, and thus affect decision making and policy . . .

Pareto optimal trade in an uncertain world: GMOs and the precautionary principle.(Genetically modified organisms)
Genetically modified organisms (GMOs) and applications of the Precautionary Principle (PP) to GMOs have recently been the focus of several agricultural trade disputes. Acceptance of GMOs, as well . . .

Is there a viable market for area-based crop insurance?(U.S. Federal Crop Insurance Program, provision of Multiple Peril Crop I
From its inception in 1938 the U.S. Federal Crop Insurance Program (FCIP) has provided Multiple Peril Crop Insurance (MPCI) policies that protect against individual farm yield losses. Since the mid . . .

Wildlife damage and agriculture: a dynamic analysis of compensation schemes.
The two principal threats to African wildlife are agricultural expansion and hunting. Increasing human populations are associated with greater conversion and fragmentation of wild habitats, and . . .

Measurement error in recall surveys and the relationship between household size and food demand.
Empirical research in agricultural and development economics increasingly uses data from household surveys. (1) There is a growing realization that "measurement error is an ever-present, . . .

Strike when the force is with you: optimal stopping with application to resource equilibria.
A central technological feature of extractive industry is that resource projects are lumpy and can be brought onstream at a time chosen by an investor. Traditional project analysis has presumed . . .

Peanut research and poverty reduction: impacts of variety improvement to control peanut viruses in Uganda.
Scientists, research administrators, and policy makers face increased pressure to justify public investments in agricultural research. As demands grow for scarce funds, evidence is needed . . .

Seasonal migration and improving living standards in Vietnam.
The migration of labor out of agriculture is a primary feature of the economic development process. Both historically and in the present, the share of labor working in agriculture within a country . . .

Using ex ante approaches to obtain credible signals for value in contingent markets: evidence from the field.
Accurately estimating the economic value of nonmarketed goods and services is essential for efficient public policy. While markets routinely provide signals of value for traded commodities, . . .

Dynamic efficiency measurement: theory and application.
The foundation of the revealed preference approach to production analysis (Farrell 1957; Afriat 1972; Hanoch and Rothschild 1972) and the refinement of this approach to production modelling in the . . .

Assessing global computable general equilibrium model validity using agricultural price volatility.
Despite their widespread use in policy analysis, computable general equilibrium (CGE) models are sometimes criticized for having uncertain empirical foundations and for being insufficiently . . .

Migration, fixed costs, and location-specific amenities: a hazard analysis for a panel of males.
Since Schultz' important paper on human capital (Schultz 1961), human migration has been an important topic of economic research. Much of the human capital literature on internal migration . . .

Synergies or trade-offs in university life sciences research.(increasing returns (scale and scope economies) in the production o
Major legislative, legal, and technological changes paved the way for a period of remarkable growth in the patenting of life science research by U.S. universities in the 1980s and 1990s. (1) During . . .

Estimating policy effects on spatial market efficiency: an extension to the parity bounds model.
Early spatial price analyses examined "co-movement" among prices at different locations (e.g., simple price correlations as in Timmer 1974; and co-integration as in Goodwin and Schroeder 1991; . . .

Brand-supermarket demand for breakfast cereals and retail competition.(Author abstract)
One of the most influential market equilibrium models for differentiated products is that of Berry, Levinsohn, and Pakes (1995; hereafter, BLP), who use a random coefficients logit demand approach . . .

Threshold effects in price transmission: the case of Brazilian wheat, maize, and soya prices.(Author abstract)
Economists often view a close association between prices of similar goods in spatially or vertically separated markets, a concept closely associated with the Law of One Price (LOP), as being a sign . . .

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