We formulate and estimate a farm level simulation model of agricultural crop production, and apply it to a scenario with increasing yield variability. The objective function is of the mean-variance utility type with a positive mathematical programming (PMP) cost function, and it is estimated...

Addressing competition in Germany’s dairy sector, this paper investigates imperfect competition on the raw milk market. By using the conjectural variation approach to determine dairy processors market power towards raw milk producers, regions in Germany with a high degree of imperfect...

We develop a Bayesian framework for estimating non-stationary Markov models in situations where macro population data is available only on the proportion of individuals residing in each state, but micro-level sample data is available on observed transitions between states. Posterior...