Competition is usually assumed as the general case in applications of classical and neoclassical economic theory Monopoly is treated as a special case Several leading economists during the thirties sought to develop a general theory of monopoly within which competition might be treated as a...

Minimum wage legislation which results in higher avcrage wage rates for farm laborers would affect the assct stmcture and income flows of farm operators. A simulation model of financial struchlre of thc farm sector is uscd to show that highcr wage rates would result in inereased nonreal estate...

As farms become larger and more specialized, questions of the relationships between costs and income as affected by size become more important. This report on cost-size relations on irrigated cotton farms in the San Joaquin Valley, Calif., shows that the smaller farms, within the range of size...

A method for taking uncertainty into account when formulating aggregate agricultural policies is applied to the feed grain program. The impact of alternative feed grain programs on net farm income, Government payments, and feed grain production in the Southeastern Coastal Plains is shown. A...

Net farm income has shown a generally downward trend since the postwar highs of 1947 and 1948. Even with allowance for nonfarm sources of income and for declining numbers of farms, average farm family income has lagged behind the steadily rising levels of nonfarm family incomes. But the farmer...

The Markov process was first applied in economics to problems of relative structure, as for example in the analysis of income and wage distributions. The extension of such distributions over time was an initial step in projection. The analysis in this paper takes a further step by developing a...

Although the number of U S farms ,has declined substantially over the past four decades, the' number of farmland owners and the proportion of rented farmland have remained relatively constant In 1978, there were,an estimated 39 million farmland owners, but.fewer than 2 5 million farm operators...

Empirical studies of plant costs and efficiency always have stressed the importance of both size of plant and length of operating season on the level and shape of the economies of scale curve as well as the technical organization of production implied in it. Because most processing firms are...