COMMODITY PROBLEMS AND PROGRAM CHOICES: WHEAT, FEED GRAINS, AND SOYBEANS

Agricultural and Food Policy,

A REVIEW OF COMPARATIVE ADVANTAGE

Agribusiness,

FOREIGN AGRICULTURAL ASSISTANCE: ALLY OR ADVERSARY

International Relations/Trade,

INFLATION AND INTERNATIONAL TRADE

International Relations/Trade,

"MARKET": A DEFINITION FOR TEACHING

This short piece is an abstract, partial equilibrium approach to defining the term "market" in terms useful to students of agricultural economics. Neither the short, dictionary-style definitions, nor the longer, more discursive descriptions available are altogether satisfactory for teaching students what a market is--especially in terms consistent with the basic theoretical constructs that we insist they learn. This particular attempt uses familiar concepts of supply and demand but presents them so as to highlight the idea of a "market."Marketing,

THE FUTURE OF MINNESOTA'S AGRICULTURE UNDER THE FOOD SECURITY ACT OF 1985

Agricultural and Food Policy,

USING ABSOLUTE DEVIATIONS TO COMPUTE LINES OF BEST FIT

Research Methods/ Statistical Methods,

LEAST SQUARES ESTIMATION OF DISTRIBUTED LAG MODELS: RELATIONSHIPS BETWEEN ACTUAL AND FIRST DIFFERENCE EQUATIONS

The purpose of this paper is to focus on the rigidity model and illustrate some relationships between the typical use of the model and a version of it involving first differences in the dependent variable. These relationships will be extended to least squares estimation of rigidity models. A useful correspondence between least squares estimates of the typical model and the first difference model will be demonstrated.Research Methods/ Statistical Methods,

AN ECONOMIC ANALYSIS OF STABILIZING SCHEMES

The main purpose of this paper is to analyze the welfare implications of stabilizing consumption and production and to compare it with the already-known welfare implications of stabilizing prices. Two sets of assumptions regarding supply behavior will be considered: (1) supply reacts instantaneously to a change in market prices, (2) producers react to changes in expected prices and expectations are "rational" within the context developed by J.F. Muth.Institutional and Behavioral Economics,