Food manufacturers have an incentive to include nutrient content claims, health claims, or other types of labeling statements on foods if they believe that consumers will be willing to pay more for products with specific attributes. We estimated semi-log hedonic price regressions for five...

The paper examines contracts in new agricultural industries that exhibit learning-by-doing. A dynamic model analyzes a contract's effect on production decisions, as well as investments in processing capacity and learning. The results of the model are applied qualitatively to the biomass...

The paper develops an exhaustible resource model with cumulative pollution and a backstop technology that exhibits increasing marginal costs of production. The model explores conditions under which it is optimal to have a protracted transition period where both an exhaustible and renewable...