We have first demonstrated that Debreu’s view regarding the publication of The Theory of Games and Economic Behavior by von Neumann and Morgenstern in 1944 as the birth of modern mathematical economics is not convincing. In this paper, we have proposed the hypothesis that the coordinated research programs in the 1930’s, initiated by the Econometric Society and the Cowles Commission for Research...

A growing number of studies have shown that adequate spatial access to healthy foods leads to increased fresh produce consumption and reduced risk of chronic diseases. Annual dynamics of spatial access to 1,539 vendors of fresh produce (including farmers markets and roadside farm stands) are analyzed in Massachusetts. Travel distance to the nearest fresh produce vendor was calculated for each c...

This chapter analyzes the technical efficiency of banana production among Ugandan smallholders by estimating a stochastic production frontier model with inefficiency effects. The empirical models are formulated within the overarching framework of the agricultural household specified in Chapter 2. The data design is also summarized in Chapter 2, although additional information about soil quality...

©1999–2004 CHOICES. All rights reserved. Articles may be reproduced or electronically distributed as long as attribution to Choices and the American Agricultural Economics Association is maintained. Choices subscriptions are free and can be obtained through http://www.choicesmagazine.org. Carbon sequestration has attracted the interest of researchers, energy industry participants, policy makers...

Panel data from villages in rural south India have been used for leading econometric studies on risk-sharing in village economies. The work has influenced debate on safety net design world-wide and has driven scholarly agendas on household economics. This paper critically surveys work to date and provides new results. The data show that statecontingent transfers between households can in princi...

In recent decades, the dairy sector has shown a global tendency toward intensification. This structural change may have significant effects on farm efficiency and, consequently, on the economic results of the farms. The goal of this study was to offer an empirical analysis of the effect of intensification on dairy farming. To do this, we first classified a sample of dairy farms according to the...

I develop a two-period stochastic dynamic programming model to explain the interaction between fertilizer use and off-farm labor supply. I use a well-known sample of farmers in the semi-arid tropics of India to test the model. I find that fertilizer use responds strongly to wages in the village labor market and that irrigation raises fertilizer use, while larger farmers use less fertilizer than...

The relationship between Austrian economics and behavioral economics is a complex and multifaceted one. On the one hand, behavioral economics rejects the positive claims of modern, standard neoclassical economics and yet accepts its normative standards. Thus behavioral economics is itself a hybrid; it is part psychological economics and part neoclassical economics. Furthermore, many behavioral ...