Agricultural & Resource Economics Working Papers
Permanent URI for this collectionhttp://hdl.handle.net/1903/19596
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Item Estimating Ex Ante Cost Functions for Stochastic Technologies(2017-07) Chambers, Robert G.; Serra, TeresaThis paper revisits the problem of estimating ex ante cost functions previously studied by Pope and Just (1996) and Moschini (2001). An ex ante cost function that generalizes their ex ante cost functions is introduced, and an econometric procedure for estimating a flexible approximation to it is developed. That generalized cost function is economically relevant not only for the Just and Pope (1996) choice setting but for general producer risk preferences, general stochastic technologies, and general forms of price uncertainty. An econometric strategy for estimating the resulting cost structure that adapts Moschini s (2001) "full-information" approach is developed. And that is followed by an econometric application to US agriculture.Item Incomplete Variational Preferences(2017-06) Chambers, Robert G.; Melkonyan, Tigran; Quiggin, JohnWe examine incomplete preference structures in a framework that allows for various relaxations of the independence axiom. We derive preference representations in terms of willingness-to-pay measures, and demonstrate how these representation can be used to determine preference incompleteness and to elicit preferences empirically.Item The Contributions of Weather, Technological Change, and Adaptation to Agricultural Productivity Growth(2017-03) Chambers, Robert G.; PIeralli, SimoneItem Thinking About Agricultural Productivity Accounting in the Presence of By-Products(2016-12) Chambers, Robert G.