Parameters of an econometric acreage response function were estimated for barley in the Northwest using pooled time-series and cross sectional data. Barley acreage was found to be significantly affected by the price of barley, the price of wheat and wheat acreage (a proxy for the "cross-planting" substitution component of government...
An econometric model of the canned tuna market is used to evaluate biased and unbiased estimators. Four methods for improving mean square error when multicollinearity is present in a regression equation are examined and compared with the results of ordinary least squares (OLS). Exact and inexact prior information methods are...
The Pacific salmon market may often be characterized by
disequilibrium conditions and less than perfect information. Thus the
study of the decision-making behavior, especially short-run pricing,
of wholesale market participants in this industry requires the use of
alternative models to the conventional, price-taking, perfect
competition model of the firm.
This...
The distribution of agricultural production for
continuous consumption requires the capacity to maintain
inventories which are large relative to the rate of
utilization. As a result, the demand for inventories is a
critical element in the pricing of agricultural
commodities. A component of inventory demand, referred to
here as reservation...
Japan is the largest market for U.S. forest products.
Therefore, export of wood products to this country is
critical to the economic life of the forest industry in
the U.S. and particularly for the Pacific Northwest.
Hence, economic conditions and developments in Japan may
significantly affect the volume of trade...
In order to estimate the effects of potential reductions of
timber availability upon employment in Oregon, a model based upon
marginal sector analysis is appropriate. This study utilizes marginal
analysis based upon a homothetic Constant Elasticity of Substitution
(CES) production function to estimate expansion path condition models
for predicting the...
To facilitate policy making and improve understanding of issues facing the New Zealand forest sector, a spatial equilibrium model was developed for log and lumber trade in the Pacific Rim. Regions included in the model were New Zealand, Chile, Australia, Japan, Eastern Canada, British Columbia: Coast and Interior, and the...
Farm equipment is becoming an increasingly important
financial asset for many farmers. Tractors probably represent the
single largest component of equipment asset value. As such, changes
in tractor values can have a dramatic effect on a farmer's financial
situation. Changes in equipment value can be attributed to
depreciation and the...