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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
The Dynamic Effects Of Agricultural Subsidies In The United States, Harry De Gorter, Eric O'N. Fisher
The Dynamic Effects Of Agricultural Subsidies In The United States, Harry De Gorter, Eric O'N. Fisher
Economics
This article analyzes the dynamic effects of the farm subsidies in the United States. The subsidies a farmer receives are based upon historical plantings, also called base acreage. It is sometimes optimal for a farmer temporarily not to participate in a program in order to increase future subsidies. The farmer's optimal policy is the solution to a deterministic dynamic program. Farmers with low base acreage opt out of these programs, whereas those with high base acreage participate in them. The article examines aggregate data involving corn, cotton, rice, and wheat during 1987. It shows that these programs increase the output …
Review Of Constitutional Environments And Economic Growth By Gerald W. Scully, Michael L. Marlow
Review Of Constitutional Environments And Economic Growth By Gerald W. Scully, Michael L. Marlow
Economics
No Abstract
Multiple Bids As A Consequence Of Target Management Resistance: A Count Data Approach, Sanjiv Jaggia, Satish Thosar
Multiple Bids As A Consequence Of Target Management Resistance: A Count Data Approach, Sanjiv Jaggia, Satish Thosar
Economics
In this article, we focus on the question of target management resistance and the incidence of subsequent bids. A Poisson count data model is used where the dependent variable represents the number of bids (count) received and the independent variables comprise target management actions and firm specific characteristics. Of the target management actions considered, legal defense and the entry of a white knight are associated with additional bids. With respect to firm specific characteristics, we find that a high initial bid premium deters subsequent bids. Firm size is also significant and has an interesting relationship with the number of bids …