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American Journal of Agricultural Economics

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Most recent articles from American Journal of Agricultural Economics
Just, Richard E., Darrell L. Hueth, and Andrew Schmitz. The Welfare Economics of Public Policy: A Practical Approach to Project
Just, Richard E., Darrell L. Hueth, and Andrew Schmitz. The Welfare Economics of Public Policy: A Practical Approach to Project and Policy Evaluation. Northampton, MA: Edward Elgar Pub. Co., 2004, . . .

Driesen, David M. The Economic Dynamics of Environmental Law.(Book review)
Driesen, David M. The Economic Dynamics of Environmental Law. Cambridge, MA: MIT Press, 2003, 268 pp. We have here an effort to bring some fresh insights to the field of environmental policy and . . .

Hayami, Yujiro. Development Economics, 2nd ed.(Book review)
Hayami, Yujiro. Development Economics, 2nd ed. Oxford, UK: Oxford University Press, 2001, 339 pp. Paperback, ISBN 0-19-924397-2. This book is the second edition of Hayami's comprehensive treatise . . .

Kirp, David I. Shakespeare, Einstein, and the Bottom Line: The Marketing of Higher Education.(Book review)
Kirp, David I. Shakespeare, Einstein, and the Bottom Line: The Marketing of Higher Education. Cambridge, MA: Harvard University Press, 2004, 328 pp., $17.95. It is certainly true that with the . . .

Better technology, better plots, or better farmers? Identifying changes in productivity and risk among Malagasy rice farms: a co
In a recent article, Barrett, Moser, McHugh, and Barison (2004) (BMMB) shed light on the decision to adopt a new system of rice intensification (SRI) on Malagasy rice farms. It was concluded that . . .

Factors associated with students' academic motivation in agricultural economics classes.(Report)
A study of undergraduates at Texas A&M University, Purdue University, and the University of Florida reveals that students viewing grades as a contributor to career success tend to be more . . .

A sample selection approach to censored demand systems.
The multivariate sample selection model is extended to a nonlinear equation system with partial selection and applied to household meat consumption in China. Elasticity estimates differ from those . . .

No news is good news: stochastic parameters versus media coverage indices in demand models after food scares.
We develop a stochastic parameter approach to model the time-varying impacts of food scares on consumption, as an alternative to the inclusion of news coverage indices in the demand function. . . .

Rivalry in price and variety among supermarket retailers.
Recent theoretical models of retail competition suggest that product heterogeneity is critical to retail price and variety strategies. This article provides empirical evidence on . . .

Pricing weather insurance with a random strike price: the Ontario ice-wine harvest.
Weather insurance within the agricultural sector has been limited by the difficulty in defining the appropriate weather event and in pricing the product. We develop a new pricing method for . . .

Livestock in China: commodity-specific total factor productivity decomposition using new panel data.
Studies of total factor productivity (TFP) in livestock production are rare, but when available provide useful information especially in the context of developing countries such as China where . . .

The potential impact of tobacco biopharming: the case of human serum albumin.
Biopharming stands to significantly expand the uses of many agricultural crops. This article examines the potential size and distribution of welfare gains from biopharming transgenic tobacco as . . .

Technology adoption under production uncertainty: theory and application to irrigation technology.(farmers choose to adopt the n
We propose a theoretical framework to analyze the conditions under which a farmer facing production uncertainty (due to a possible water shortage) and incomplete information will adopt a more . . .

The source of productivity growth in Dutch agriculture: a perspective from finance.
In corporate finance, the impact of capital structure on firm performance has been widely studied. This article extends the capital structure study to the situation in agriculture, explicitly . . .

Preferences, technology, and the environment: understanding the environmental Kuznets curve hypothesis.(derivation of a simple e
We derive a simple expression for the income-pollution path using the standard static model of the environmental Kuznets curve (EKC). This expression makes it straightforward to identify the . . .

Economics of environmental management in a spatially heterogeneous river basin.(Allocative efficiency of water quality managemen
This article examines the allocative efficiency of water quality management activities to protect endangered salmonid species in a heterogeneous watershed in the Pacific Northwest. Using an . . .

Mergers and acquisitions and productivity in the U.S. meat products industries: evidence from the micro data.
This article investigates the motives for mergers and acquisitions (M&As) in the U.S. meat products industry from 1977 to 1992. Results show that acquired meat and poultry plants were very . . .

Oligopsony power, asset specificity, and hold-up: evidence from the broiler industry.(Empirical evidence of hold-up in broiler i
In this article we look for empirical evidence of hold-up in broiler industry production contracts by using the cross-sectional national survey of broiler growers. First, we focus on the problem . . .

On the comovement of commodity prices.
We present strong evidence against the excess-comovement hypothesis--that the prices of commodities move together beyond what can be explained by fundamentals. Prior studies employ broad . . .

Tournaments, fairness, and risk.(Explanation for grower dissatisfaction with tournament compensation schemes independent of poss
We estimate willingness to pay (WTP) to operate under two types of contracts--tournaments (Ts) and fixed performance-standard contracts (F). Our results are consistent with the notion that subjects . . .

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