LaFrance, Jeffrey T, Pope, Rulon D.
Supply functions in the ubiquitous Gorman class are examined for their homogeneity properties. Homogeneity places surprisingly strong restrictions on functional forms. These forms facilitate testing...
Agricultural Arbitrage and Risk Preferences (2007)
Pope, Rulon D., LaFrance, Jeffrey T, Just, Richard E.
A structural inter-temporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture in the North-Central region of the U.S. The data is consistent with unifying...
Full Rank Rational Demand Systems (2006)
LaFrance, Jeffrey T, Pope, Rulon D.
We extend the set of full rank nominal and deflated income demand systems to rational demand systems of any rank and present a unifying expression for the indirect preferences of all full rank demand...
Aggregation Theory for Incomplete Systems (2005)
LaFrance, Jeffrey T., Beatty, Timothy K.M., Pope, Rulon D.
Gorman's theory of demand is extended comprehensively to incomplete systems. The incomplete systems approach dramatically increases this class of models. The separate roles of symmetry and adding up...
LaFrance, Jeffrey T., Beatty, Timothy K. M., Pope, Rulon D.
Gorman Engel curves are extended to incomplete systems. The roles of Slutsky symmetry and homogeneity/adding up are isolated in the rank and functional form restrictions for Gorman systems. Symmetry...
Thesis (Ph. D. in Agricultural Economics)--Univ. of California, Dec. 1976.
The agricultural producer: Theory and statistical measurement
Just, Richard E., Pope, Rulon D., B. L. Gardner, G. C. Rausser
Rulon D. Pope, Jeffrey T. LaFrance
Gorman's class of Engel curve demand models is extended to incomplete demand systems. The Gorman class of aggregable incomplete demand systems admits any transformation of deflated income. A maximum...
The U.S. income distribution and Gorman Engel curves for food
Agnew, G. K., Beatty, Timothy K. M., LaFrance, Jeffrey T., Pope, Rulon D.
Aids models; Bayesian method of moments; Food consumption; Income distribution; Supply and demand
Distinguishing Errors in Measurement from Errors in Optimization
Rulon D. Pope, Richard E. Just
Typical econometric production practices under duality ignore the source of disturbances. We show that, depending on the source, a different approach to estimation is required. The typical approach...
Pope, Rulon D, Just, Richard E
Dual production specifications derived under certainty are typically randomized for econometric purposes with ad hoc error specifications. This article shows that such approaches can cause...
Imperfect Price Deflation in Production Systems
Rulon D. Pope, Jeffrey T. LaFrance, Richard E. Just
"Numéraire" prices that are measured with error create challenges for econometric estimation. A straightforward approach for a model with linear input demands, such as generated from a quadratic...
Price Aggregation When Price-Taking Firms' Prices Vary.
Pope, Rulon D, Chambers, Robert G
In many cases, heterogeneous prices occur in price-taking environments. In empirical work, an aggregate price index is often created from such prices and used to explain aggregate supply and derived...
Competitive Industry Equilibrium under Uncertainty and Free Entry.
Chavas, Jean-Paul, Pope, Rulon D, Leathers, Howard
This paper investigates the properties of industry equilibrium under pric e uncertainty given free entry and exit. For any form of risk-averse behavior, it is shown that an increase in demand...
Jeffrey T. LaFrance, Rulon D. Pope
Supply functions in the ubiquitous Gorman class are examined for their homogeneity properties. Homogeneity places surprisingly strong restrictions on functional forms. These forms facilitate testing...