A cost function characterizes a firm's cost-minimizing behavior. It is defined
as a function of the level of outputs produced and the prices of factors which enter
the production process. Econometric estimation of a co ...
A structural model of the Pacific halibut fishery is developed. Hypothesis tests
are developed within the framework of the "new empirical industry organization" for
the exertion of market power by Pacific halibut proce ...
Hypothesis tests are developed for the exertion of
market power by the Japanese government in the world and
domestic wheat markets. The results indicate that the
Japanese government is pursuing a more restrictive impo ...
The U.S. farm sector has undergone dramatic structural change during the
past fifty years, a chief result being that the number of large farms has increased
relative to the number of small farms. Numerous agricultural ...
