PDF - American Journal of Agricultural Economics

American Journal of
Agricultural Economics
Volume 72
• Number 3 • August 1990
Articles
Acreage Decisions Under Risk: The Case of Corn and Soybeans/
Jean-Paul Chavas and Matthew T. Holt/529
Designing Expert Systems for Effective Delivery of Extension Programming/
Russell L. Gum and Steven C. Blank/539
Cholesterol Information and Shell Egg Consumption/Deborah J. Brown and
Lee F. Schrader/548
Testing Restrictions on a Model of Japanese Meat Demand/Dermot J. Hayes,
Thomas I. Wahl, and Gary W. Williams/556
The Determinants of the Migration of Labor Out of Agriculture in the United
States: 1940-85/Andrew P. Barkley/567
A Nonparametric Approach to Expenditure-Constrained Profit Maximization/
Rolf Fare, Shawna Grosskopf, and Hyunok Lee/574
Improving on Shadow Price Information for Identifying Critical Farm Machinery /
Bruce A. McCarl, D. Earl Kline, and Donald A Bender/582
Nonparametric and Semiparametric Estimation: An Analysis of Multiproduct
Returns to Scale/Giancarlo Moschini/589
A Comparison of Alternative Crop Response ModelS/Michael D. Frank,
Bruce R. Beattie, and Mary E. Embleton/597
Optimal Strategies for Marketing Calves and Yearlings from Rangeland/
Lee Garoian, James W. Mjelde, and J. Richard Conner /604
The Impact of Information on Environmental Commodity Valuation Decisions/
John C. Bergstrom, John R. Stoll, and Alan Randall/614
Relative Agricultural Prices and Monetary Policy/John S. Lapp/622
A Policy Preference Function for Government Intervention in the U.S. Wheat
Market/James F. Oehmke and Xianbin Yao/63l
Political Preference Functions and Public Policy Reform/Gordon C. Rausser and
William E. Foster/64l
Adoption Ceilings and Modern Coarse Cereal Cultivars in India/
Hans G. P. Jansen, Thomas S. Walker, and Randolph Barker/653

Household Inventories and Marketed Surplus in Semisubsistence Agriculture/
Mitch Renkow/664
Passthrough of Exchange Rates and Tariffs in Brazil-U.S. Tobacco Trade/
Gregory K. Pompelli and Daniel H. Pick/676
A Revised Test of the Law of One Price Using Rational Price Expectations/
Barry K. Goodwin, Thomas J. Grennes, and Michael K. Wohlgenant/682
Exchange Rate Risk and U.S. Agricultural Trade Flows/Daniel H. Pick/694
Grain Price Expectations of Illinois Farmers and Grain Merchandisers/
James S. Eales, Brian K. Engel, Robert J. Hauser, and
Sarahelen R. Thompson/701
Imperfect Competition in Agricultural Markets and the Role of Cooperatives:
A Spatial Analysis/Richard J. Sexton/709
Investment Potential of Agricultural Futures Contracts/To Randall Fortenbery and
Robert J. Hauser/721
The RLS Positive-Part Stein Estimator/Lee C. Adkins and R. Carter Hill/727
Comments and Replies
The Effects of Food Stamps on Food Expenditures: Comment/Phillip S. Kott/731
The Effects of Food Stamps on Food Expenditures: Reply/Barbara Devaney and
Thomas Fraker /732
Expenditure Constraints and Profit Maximization in U.S. Agriculture: Comment/
Barry T. Coyle/734
Proceedings
International Financial Markets and Agricultural Adjustments in
North America
Exchange Rate Effects on Inputs and Outputs in Canadian Agriculture/
Colin A. Carter, Richard S. Gray, and W. H. Furtan/738
Performance of Mexican Agriculture: Economic and Agricultural Policies/
Manuel R. Villa-Issa/744
International Capital Markets and Structural Adjustment in U.S. Agriculture/
David Orden/749
International Financial Markets and Agricultural Adjustment in North America:
Discussion/Terry L. Roe/755
Performance of Mexican Agriculture: Discussion/Odin K. Knudsen/758
Federal Support to Farm Lending
Imperfect Information and the Theory of Government Intervention in Farm Credit
Markets/Robert D. Innes/761

The Effects of Federal Credit Programs on Farm Output/Michael T. Belongia and
R. Alton Gilbert/769
Moral Hazard in Federal Farm Lending/Eddy L. LaDue/774
Imperfect Information and Intervention in Farm Credit: Discussion/
Daniel A. Sumner/780
Effect of Federal Credit Programs on Farm Output: Discussion/
Howard D. Leathers/782
Moral Hazard in Federal Farm Lending: Discussion/Marc A. Johnson/784
A Price Forecasting Competition
A Price-Forecasting Competition: Introduction/Christopher S. McIntosh and
Jeffrey H. Dorfman/786
Forecasting Multiple Time Series with Little Prior Information/
David A. Bessler/788
Forecasts from a State Space Multivariate Time-Series Model/Keith R. Criddle
and Arthur M. Havenner/793
Forecasts from a Nonparametric Approach: ACE/Peter Berek and
James A. Chalfant/799
Results of a Price-Forecasting Competition/Jeffrey H. Dorfman and
Christopher S. McIntosh/804
Policy Reform and Economic Development
Policies for Economic Development/Stanley Fischer and Vinod Thomas /809
Adjustment Policies and Economic Development/Jacob Frenkel and
Mohsin S. Khan/8I5
A New Paradigm for Policy Reform and Economic Development/
Gordon C. Rausser/821
Policy Reform and Economic Development: Discussion/Yair Mundlak/827
Policy Reform and Economic Development: Discussion/Stanley R. Johnson/829
Books Reviewed
Arrow, Kenneth J., ed. The Balance between Industry and Agriculture in
Economic Development/Gunvant M. Desai/83I
Bhagwati, Jagdish. Protectionism/Nancy E. Schwartz/832
Boland, Lawrence A. The Methodology of Economic Model Building:
Methodology after Samuelson/Jock R. Anderson/832
Chan, Sucheng. This Bittersweet Soil: The Chinese in California Agriculture,
1860-1910/Munir Quddus/834

Folmer, Henk, and Ekko van Ierland. Valuation Methods and Policy Making in
Environmental Economics/John B. Loomis/835
Kendrick, David A. Feedback: A New Framework for Macroeconomic Policy/
Bruce L. Dixon/836
Lipton, Michael, with Richard Longhurst. New Seeds and Poor People/
Robert W. Herdt/837
National Research Council. Alternative Agriculture/John Ikerd/838
Parikh, Kirit S., Gunther Fischer, Klaus Froberg, Odd Gilbrandsen. Towards Free
Trade in Agriculture/James P. Houck/839
Petit, Michael, Michele de Benedictis, Denis Britton, Martijn de Groot,
Wilhelm Henrichsmeyer, and Francesco Lechi. Agricultural Policy Formation in
the European Community: The Birth ofMilk Quotas and CAP;
Hollingham, Michael A., and Richard W. Howarth. British Milk Marketing and
the Common Agricultural Policy: The Origins of Confusion and Crisis; Burrell,
Alison, ed. Milk Quotas in the European Community/Robert E. Jacobson/840
Portes, Alejandro, Manuel Castells, and Lauren A. Benton. The Informal
Economy: Studies in Advanced and Less Developed Countries/Donald C. Mead/
841
Roberts, Ivan, Graham Love, Heather Field, and Nico Klijn. U.S. Grain Policies
and the World Market/Jerry A Sharples/842
Schmid, A. Allan. Benefit Cost Analysis: A Political Economy Approach/
Raymond Prince/843
Seibel, Hans Dieter, and Michael T. Marx. Dual Financial Markets in Africa:
Case Studies ofLinkages Between Informal and Formal Financial Institutions/
Paulo F. Cidade de Araujo/844
Shaffer, Ron. Community Economics: Economic Structure and Change in Smaller
Communities/Daniel M. Otto/845
Simpson, James R. The Economics ofLivestock Systems in Developing Countries/
John McIntire/846
Ward, Ronald W., and Richard L. Kilmer. The Citrus Industry: A Domestic and
International Economic Perspective/Daniel S. Tilley/847
Errata/849