@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{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_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{foster_babcock_1993, title={Commodity policy, price incentives, and the growth in per-acre yields}, volume={25}, DOI={10.1017/s1074070800018812}, abstractNote={Abstract}, number={1}, journal={Southern Journal of Agricultural Economics}, author={Foster, W. E. and Babcock, B. A.}, year={1993}, pages={253} } @article{foster_rausser_1991, title={FARMER BEHAVIOR UNDER RISK OF FAILURE}, volume={73}, ISSN={["1467-8276"]}, DOI={10.2307/1242712}, abstractNote={Abstract}, number={2}, journal={AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS}, author={FOSTER, WE and RAUSSER, GC}, year={1991}, month={May}, pages={276–288} } @article{foster_babcock_1991, title={PRODUCER WELFARE CONSEQUENCES OF REGULATING CHEMICAL RESIDUES ON AGRICULTURAL CROPS - MALEIC HYDRAZIDE AND TOBACCO}, volume={73}, ISSN={["0002-9092"]}, DOI={10.2307/1242450}, abstractNote={Abstract}, number={4}, journal={AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS}, author={FOSTER, WE and BABCOCK, BA}, year={1991}, month={Nov}, pages={1224–1232} }