QUARTERLY ECONOMETRIC ANALYSIS OF U.S. SOYBEAN MARKET

This article is the further development and refinement of quarterly models of U.S. field crops, drawing upon the theory of pricing, production, and storage under uncertainty. The decisions of storage industry and farm production are taken into account. The findings of this research are both methodological and empirical.Crop Production/Industries, Research Methods/ Statistical Methods, Risk and Uncertainty,

ECONOMIC EFFECTS OF U.S. DAIRY PROGRAMS

Based on econometric analysis, this article estimates effects of terminating the milk order system and milk price support, singly and together, over the period 1966-90. Since 1980, milk orders have raised the national blend price by 1-2%; price support has raised the blend price to well above the market clearing price, by over 21% in 1983. Short- and long-run benefits and costs are estimated for various policy options under 1990 conditions.Agricultural and Food Policy,

Tailoring Accelerating Beams in Phase Space

An appropriate design of wavefront will enable light fields propagating along arbitrary trajectories thus forming accelerating beams in free space. Previous ways of designing such accelerating beams mainly rely on caustic methods, which start from diffraction integrals and only deal with two-dimensional fields. Here we introduce a new perspective to construct accelerating beams in phase space by designing the corresponding Wigner distribution function (WDF). We find such a WDF-based method is capable of providing both the initial field distribution and the angular spectrum in need by projecting the WDF into the real space and the Fourier space respectively. Moreover, this approach applies to the construction of both two- and three-dimensional fields, greatly generalizing previous caustic methods. It may therefore open up a new route to construct highly-tailored accelerating beams and facilitate applications ranging from particle manipulation and trapping to optical routing as well as material processing.Comment: 8 pages, 6 figure