Size-of-farm data for 1964 were fitted to the function In Y =In a�bX Results showed that the percentage distribution of farms by size classes tends to follow the distribution of an inverse exponential function. Furthermore, empirical size distributions seem to have an underlying stability...

A generally accepted theory of firm behavior is incorporated into an abstract computerized simulation model capable of handling many different environments and organizations. This model provides a means of studying management problems using the simulation approach by providing, in most...

Inflation and unemployment plagued the U S economy during the decade of the seventies Some economic models suggest that inflation and unemployment are bi-polar events - they cannot occur at the same time This article reviews two models that have been in the economics literature since the...

A stochastic computer simulation model is used to estimate disaster payments under the Agriculture and Consumer Protection Act of 1973. The model uses a random yield generator and actuarial techniques. Simulated payments under 1976 program parameters and stochastic yields are estimated at $300...

Eating places market substantial quantities of food products and thus are important to food producers and distributors. They also constitute a unique marketing channel, because many services are sold along with food, thus increasing the costs of marketing. Moreover, quantities, types, and prices...

A multiregional econometric model evaluates the impacts of changes in monetary policy on economic development in metropolitan and nonmetropolitan parts of each of the four principal U S Census regions Regional variations in the adaptation to a change in national monetary policy depend on a...

Development is traced of the concepts of consumer's and producer's surplus, and the uses and limitations of these concepts for public policy analysis are examined. The applications to price stabilization and policy programs are surveyed. The use of decision theory as an alternative to...

Comparisons of successive frequency distributions may be made in two distinct ways that are frequently confused. One way is to make comparison against a given set of class intervals covering the relevant range of the data. The result is a fixed frame of reference, a single classification grid....

Structural differentiation, a concept used here to measure differences between rural U.S. counties, can assist policymakers in determining degrees of rural development. The Guttman scale of structural differentiation, derived from Dun and Bradstreet retail establishment data, is examined for its...