This study develops and uses a programming model for farm-level resource use and output supply response to estimate the effects of agricultural land tax in South Africa: A case study of Free State, a region of extremely large commercial farms that gained their size and economic heft during the...

China has been rapidly increasing its consumption and imports of dairy products in recent years. A two-stage demand system was estimated for livestock product consumption in urban China over the 1990s. Total expenditure elasticities for the livestock commodity group and expenditure elasticities...

The paper examines empirical returns from holding thirty- and ninety-day call and put positions, and the forecasting performance of implied volatility in the live and feeder cattle options markets. In both markets, implied volatility is an upwardly biased and inefficient predictor of realized...

Mangelhafte Reformen in der Landwirtschaft Kasachstans am Anfang der Transformationsperiode sowie die Finanzkrise 1998 hatten stark negative Auswirkungen auf den Umfang und die Struktur der landwirtschaftlichen Produktion. Wegen der schwierigen finanziellen Lage Anfang bis Ende der 90-ger Jahre...

Three axioms underpin consumer choice in neoclassical theory: weak order, independence, and continuity. Two of these axioms may not hold, however, for consumers’ choices regarding genetically modified (GM) food. Consumers may evaluate product attributes differently depending on whether the...

Nationwide mail surveys implemented in November 2004 report New Zealand residents‟ willingness to pay for improvement in ecosystem services and support for organic farming on arable land. The surveys were split into two subsets: Canterbury, which is the region with most arable farming in the...

The paper examines empirical returns from holding thirty- and ninety-day call and put positions,and the forecasting performance of implied volatility in the live and feeder cattle optionsmarkets. In both markets, implied volatility is an upwardly biased and inefficient predictor ofrealized...