This article presents an aggregate benefit-cost analysis of alternative areawide boll weevil eradication and management strategies Economic efficiency effects of the programs were measured m terms of consumer benefits, farm income, and public program costs, TECHSIM-an econometric Simulation...

An adaptive regression model is used to examine the relative importance of cash and government support prices in determining cotton production over time. The results show that the cash price is more important as a source of price information for cotton producers than the government program...

We estimated the economic benefits resulting from controlling soybean aphid infestation by using a multi-regional competitive dynamic equilibrium model. Results indicate that the reduction of soybean production resulting from a soybean aphid infestation is largely absorbed by reducing soybean...

Recent changes in pricing policies emphasizing price supports and phasing out fertilizer subsidies are a step in the right direction, particularly if minimizing the combined foreign exchange and budgetary expenditures of Bangladesh and donor nations is the key objective. A normalized restricted...

Expectation–maximization (EM) algorithm has been used to maximize the likelihood function or posterior when the model contains unobserved latent variables. One main important application of EM algorithm is to find the maximum likelihood estimator for mixture models. In this article, we propose...

This paper utilizes for the first time age-structured human capital data for economic growth forecasting. We concentrate on pooled cross‐country data of 65 countries over six 5‐year periods (1970–2000) and consider specifications chosen by model selection criteria, Bayesian model averaging...

Ordinary least squares (OLS) is omnipresent in regression modeling. Occasionally, least absolute deviations (LAD) or other methods are used as an alternative when there are outliers. Although some data adaptive estimators have been proposed, they are typically difficult to implement. In this...

The Fuji apple variety is relatively new in the U.S. As a new product, questions concern the relative impact of consumer learning by experience, by variety-specific promotion, or by generic apple promotion. A two-stage (LES/LAIDS) model incorporating both types of promotion is used to estimate...

Concerns about the negative effects of U.S. meat and livestock imports on domestic livestock prices have increased interest in country-of origin labeling (COOL) legislation. An equilibrium displacement model is used to estimate short-run and long-run changes in equilibrium prices and quantities...