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An Econometric Analysis of Qualitative Choice Among Performance Characteristics of Agricultural Tractors

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  • Pagoulatos, Angelos
  • Debertin, David L.
  • Johnson, William L.

Abstract

The mechanization of American agriculture has played a key role in the technological progress of U.S. agriculture in this century (Heady and Tweeten). In turn, the demand for farm tractors and other farm machinery has been highly dependent on the year-to-year strength of the agricultural economy. Unit sales of tractors have varied by as much as 50 percent from one year to the next (Royal Commission on Farm Machinery).

Suggested Citation

  • Pagoulatos, Angelos & Debertin, David L. & Johnson, William L., 1982. "An Econometric Analysis of Qualitative Choice Among Performance Characteristics of Agricultural Tractors," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(2), pages 83-89, December.
    • Handle: RePEc:cup:jagaec:v:14:y:1982:i:02:p:83-89_02
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    References listed on IDEAS

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    1. Clarence L. Barber, 1973. "The Farm Machinery Industry: Reconciling the Interests of the Farmer, the Industry, and the General Public," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(5), pages 820-828.
    2. Lyle P. Fettig, 1963. "Adjusting Farm Tractor Prices for Quality Changes, 1950–1962," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(3), pages 599-611.
    3. John B. Penson & Robert F. J. Romain & Dean W. Hughes, 1981. "Net Investment in Farm Tractors: An Econometric Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(4), pages 629-635.
    4. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    5. Fox, Austin, 1966. "Demand for Farm Tractors in the United States: A Regression Analysis," Agricultural Economic Reports 307318, United States Department of Agriculture, Economic Research Service.
    6. J. M. Bates & A. J. Rayner & P. R. Custance, 1979. "Inflation and Farm Tractor Replacement in the U.S.: A Simulation Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 331-334.
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