REGIONAL RESOURCE USE AND COMMODITY SUPPLY RESPONSE

Richard M. Adams and Robert B. McKusick

Journal of Agricultural Economics Research, 1977, vol. 29, issue 4, 10

Abstract: The feasibility of quadratic programming as a means of integrating agricultural pricequantity relationships and regional resource availability is demonstrated for a California test case. Estimates are developed for producer's and consumer's surplus, values of vegetables and field crop production, and resource use considering alternative levels of commodity demand, functional price-quantity relationships, normalized prices, and OBERS production projections. The results of the study have implications for resource policy analysis, shortrun agricultural price forecast, resource situation and outlook work, commodity and resource projections, and an expanded role for regional river basin studies.

Keywords: Demand and Price Analysis; Research Methods/Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:148085

DOI: 10.22004/ag.econ.148085

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