This study analyzes the potential impacts of expanded ethanol production on southern agriculture. Results of regression analysis suggest that acreage planted for field crops (corn, cotton, soybeans, and wheat) is inelastic with respect to relative prices. The results provide statistical evidence of potential significant acreage shifts favoring corn over cotton, soybeans, and wheat. Simulations ...

There are various causes for inflation in macroeconomics. One of the important channels of experiencing inflation is through the international economy caused by external shocks. In this context, the impact of exchange rate volatilities on domestic prices known as Exchange Rate Pass-Through (ERPT) plays a vital role. The present paper deals with the impact of Exchange Rate Pass-Through on inflat...

Organizations frequently consider offshore systems development in the belief that projects can be completed for lower cost. While prices quoted by offshore vendors are often very appealing when compared with domestic vendors, there are additional risks that must be considered when looking to offshore systems development. These risks typically take the form of intangible and indirect project cos...

This paper deals with convergence model of interest rates, which explains the evolution of interest rate in connection with the adoption of Euro currency. Its dynamics is described by two stochastic differential equations – the domestic and the European short rate. Bond prices are then solutions to partial differential equations. For the special case with constant volatilities closed form solut...

Logging contract systems are in need of change—they are leading to environmentally destructive exploitation and poor returns to landowners. The reaction has been to ban logging, thus giving subsidies to domestic timber processing industries. Export taxes are an inefficient and inequitable means of timber revenue distribution. The logging contract needs to be changed to allow landowners and gove...

Broadly speaking, interventions to reduce the costs associated with price volatility can be divided into two types. First, there are interventions that reduce price volatility, such as improving market information (Box 7). Second, there are interventions that accept price volatility as given and attempt to cope with it. These coping mechanisms can be either before (ex ante) or after (ex post) t...