Regional Cotton Acreage Response
An econometric model of cotton acreage response was estimated for four distinct production regions in the United States. This work builds on previous work in the area of supply response under government farm programs and provides up-to-date regionalized estimates of own-price elasticity of cotton acreage supply. The own-price variable used in this study is a weighted combination of expected market price and government policy variables. Results indicate regional similarity in response to own price but differences with respect to the prices of alternative enterprises. Differences in regional response to paid diversion are also indicated.
Volume (Year): 19 (1987)
Issue (Month): 01 (July)
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- Houck, James P., 1976. "Analyzing the Impact of Government Programs on Crop Acreage," Technical Bulletins 158119, United States Department of Agriculture, Economic Research Service.
- Gordon C. Rausser & Richard E. Just, 1981.
"Principles of policy modeling in agriculture,"
Proceedings – Rural and Agricultural Conferences,
Federal Reserve Bank of Kansas City, pages 139-178.
- Rausser, Gordon C. & Just, Richard E., 1981. "Principles of policy modeling in agriculture," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt04v728v1, Department of Agricultural & Resource Economics, UC Berkeley.
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