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- W2915336585 abstract "Past acreage response studies have failed to recognize that government control policies have typically introduced taxes and subsidies which are discontinuous over acreage planted. The nature of this discontinuity is reviewed and its impact on profit maximizing choice analyzed. A general model suitable for econometric estimation which would accommodate this discontinuity in policy is introduced. The effect of the discontinuity is to preclude ordinary least squares estimation. An extension of Tobin's maximum likelihood method is introduced to resolve the estimation complications." @default.
- W2915336585 created "2019-03-02" @default.
- W2915336585 creator A5037060963 @default.
- W2915336585 date "1978-01-01" @default.
- W2915336585 modified "2023-09-27" @default.
- W2915336585 title "Discontinuous Policy and Distorted Choices: The Case of Acreage Control" @default.
- W2915336585 doi "https://doi.org/10.22004/ag.econ.291354" @default.
- W2915336585 hasPublicationYear "1978" @default.
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