Two econometric models were developed to forecast consumption,
production, and price of hardwood lumber, and removals and price
of hardwood sawlog stumpage. Four eastern U.S. regions were represented
in the models. Hardwood lumber consumption by manufacturing,
shipping, residential construction, and nonresidential construction
industries was recognized. Hardwood sawlog stumpage removals from...
Over the past decade, feeder cattle backgrounders in the Pacific
Northwest have been subject to sharp price fluctuations for their
output. The result has been variable profits and losses. This
situation creates a need for management and marketing techniques
which can provide Pacific Northwest cattle ranchers with protection
against price...
Two direct elicitation of utility (D.E.U.) techniques
were used to estimate risk attitudes of a group of agricultural
producers. The two elicitation techniques used in the
study were 1) an error-in-response model using a modified
Ramsey method, and 2) stochastic dominance with respect to a
function (SDF). The primary objective...
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 import
policy for wheat than would be indicated by an optimal
tariff strategy. Results also indicate that...
The success of the U.S. government in persuading Japan to
liberalize the beef market is viewed as a relief to the U.S.
beef industry. The economic benefit (to the U.S. beef
producers!) of the trade liberalization however is yet to be
seen. The size of this benefit is determined, among...
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 processors in both the exvessel market
and the wholesale market. The relationship of market power exertion and IPHC's...