@article{rezitis_brown_foster_2001, title={Dynamic factor demands for US cigarette manufacturing under rational expectations}, volume={33}, DOI={10.1080/00036840122398}, abstractNote={The rational expectations approach to adjustment cost models for factor demand is used to develop a dynamic model for US cigarette manufacturing. In the present study dynamic production modelling is extended to the case of multiple outputs. This analysis is the first to address cigarette manufacturing allowing for the possible influence of quasi-fixed factors, multiple outputs and rational expectations. Short-, intermediate-, and long-run factor demands are estimated and the presence of adjustment costs tested for in US cigarette manufacturing. The results indicate that there are significant adjustment costs associated with adjusting tobacco stock but not with adjusting the capital stock. Cigarettes produced for exports appear to differ in their marginal cost of production from cigarettes produced for sale in the US market.}, number={10}, journal={Applied Economics}, author={Rezitis, A. N. and Brown, A. B. and Foster, W. E.}, year={2001}, pages={1301–1311} }
 @article{wohlgenant_safley_rezitis_2001, title={Price elasticities of demand for mums and pansies sold in independent garden centers}, volume={36}, number={7}, journal={HortScience}, author={Wohlgenant, M. K. and Safley, C. D. and Rezitis, A. N.}, year={2001}, pages={1334–1335} }
 @article{rezitis_foster_brown_1999, title={A cost function approach to dynamic duality: An application to the US cigarette manufacturing industry}, volume={50}, DOI={10.1111/j.1477-9552.1999.tb00798.x}, abstractNote={The dynamic duality econometric approach with the case of multiple outputs is applied to the US cigarette manufacturing industry to test for the presence of adjustment costs and quasifixed inputs with regard to stocks of capital and tobacco. Capital and tobacco stocks are found to be quasi‐fixed inputs and the empirical results indicate that there are significant adjustment costs associated with adjusting these inputs. Short‐ and long‐run own‐ and cross‐price elasticities of factor demands are estimated for domestic and imported tobaccoes, materials, tobacco stocks, and capital. Output demand elasticities are also estimated. The two outputs, cigarettes produced for export and for the US market, are examined for equality of marginal costs. No evidence of differences in marginal costs was found. There is evidence that government restrictions on advertising have negative effects on output demand.}, number={1}, journal={Journal of Agricultural Economics}, author={Rezitis, A. N. and Foster, W. E. and Brown, A. B.}, year={1999}, pages={106–123} }
 @article{rezitis_brown_1999, title={Pass-through of exchange rates and tariffs in Greek-US tobacco trade}, volume={21}, ISSN={["0169-5150"]}, DOI={10.1016/S0169-5150(99)00033-X}, abstractNote={Abstract The paper examines the extent to which exchange rate and unit tariff changes are passed-through in US import prices of unmanufactured Greek oriental tobacco. The results indicate partial pass-through of exchange rates and tariffs. Exchange rate pass-through is about 0.272 and tariff pass-through about 0.185. One possible reason for the partial pass-through is oligopoly in tobacco exporting. Oligopoly would imply that depreciation of the drachma relative to the US dollar benefits tobacco exporters operating in Greece. A second possible reason is a possible correlation between exchange rates premiums paid to tobacco exporters in previous agricultural policies. An important implication of this possible correlation is that Greek tobacco prices may be more sensitive to exchange rate changes under the current agricultural policy.}, number={3}, journal={AGRICULTURAL ECONOMICS}, author={Rezitis, AN and Brown, AB}, year={1999}, month={Dec}, pages={269–277} }
 @article{rezitis_brown_foster_1998, title={Adjustment costs and dynamic factor demands for US cigarette manufacturing}, volume={18}, ISSN={["0169-5150"]}, DOI={10.1016/S0169-5150(98)00038-3}, abstractNote={Abstract Following the approach of Berndt, Fuss, and Waverman, a dynamic model for U.S. cigarette manufacturing is developed and factor demands estimated. Tobacco and capital stocks are treated as quasi-fixed inputs. The results indicate that there are significant adjustment costs associated with adjusting tobacco stocks, but not with adjusting the capital stock. Short-run, intermediate-run, and long-run output constant elasticities are estimated for inputs in cigarette production. Demand for U.S. tobacco by U.S. cigarette manufacturers is found be more inelastic than shown by previous studies using static models. Cigarettes produced for export appear to differ in their marginal cost of production from cigarettes produced for the sale in the U.S. market.}, number={3}, journal={AGRICULTURAL ECONOMICS}, author={Rezitis, AN and Brown, AB and Foster, WE}, year={1998}, month={May}, pages={217–231} }
 @article{rezitis_reziti_1997, title={Adjustment costs and dynamic factor demand models: A presentation of two approaches applied to the US cigarette manufacturing}, volume={30}, ISSN={["0362-546X"]}, DOI={10.1016/S0362-546X(97)00489-6}, abstractNote={This paper makes use of the adjustment cost hypothesis to develop and compare the results of two dynamic input demand models applied to the U.S. cigarette manufacturing. One of the models presented in this paper is the flexible accelerator model and the other is the rational expectations model. In both models, capital and tobacco stocks are treated as potential quasi-fixed inputs and test are performed investigating if these inputs are subject to adjustment costs. The results obtained from the estimation of both models support the hypothesis that tobacco stock (by itself) is a quasi-fixed input but the hypothesis that capital stock (by itself) is a quasi-fixed input is not supported. The results of the rational expectations model support the hypothesis that capital and tobacco stocks together are subject to adjustment costs. Note that this hypothesis cannot be tested by the flexible accelerator model. The short-, intermediate-, and long-run elasticities of input substitution can be calculated from the statistical results. The own price elasticities produced by both models have the correct signs except for the long-run own price elasticity for materials generated by the rational expectations model which is positive. Both models generate similar in sign and magnitude short- and intermediate-run elasticities. Domestic and imported tobaccos appear to be short- and intermediate-run complements, in both models. Most of the long-run elasticities generated by both models differ in sign and magnitude. It is important to note that domestic and imported tobaccos appear to be long-run substitutes according to the flexible accelerator model but long-run complements based on the rational expectations model. A possible explanation of the production process provided by both models is that during the short- and intermediate-run, materials can substitute for domestic and imported tobaccos. In addition based only on the rational expectations model, capital stock may substitute for domestic tobacco in the intermediate run. In the long-run tobacco stock can substitute for domestic tobacco and it can be used together with imported tobacco in the production of cigarettes. The hypothesis that there is not any difference in marginal costs of producing cigarettes for domestic and foreign markets can be rejected in both models. Moreover, the hypothesis that the cigarette industry behaves competitively in the domestic and export markets cannot be rejected. Finally, there are statistical evidence supported by both models (and especially by the rational expectations model) that health information about the dangers of cigarette consumption and government advertising restrictions have negative effects on output demands. In addition both models agree on an inelastic domestic demand for cigarettes and on an elastic export demand.}, number={2}, journal={NONLINEAR ANALYSIS-THEORY METHODS & APPLICATIONS}, author={Rezitis, AN and Reziti, I}, year={1997}, month={Dec}, pages={1063–1074} }