Consumption of lowfat and skim milk has increased substantially over the past decade. This study investigates whether the change is due to price and expenditure effects or to a more fundamental preference change in milk demand. Parametric and nonparametric analytical approaches provide a...

Hedgers located far from organized commodity exchanges suffer a mismatch between their local prices and exchange prices. Futures and options traded on the exchange may still be valuable to distant hedgers, but only to the extent that basis risk is small. Forward contracting allows hedgers to...

This work uses non-parametric efficiency analysis and a unique panel data set to analyze efficiency and technical change at US universities from 1981-1998 with a special emphasis on Land Grant institutions. The analysis demonstrates that Land Grants are on average more efficient than their...

Economists have long debated the relative effectiveness of markets and regulations in reaching socially desirable outcomes. This empirical study of meat and poultry food safety regulation suggests that market mechanisms and flexible regulatory instruments, e.g. HACCP systems, have a greater...

Replaced with revised version of paper 07/13/04.

With increased production of poultry in key areas of the country, poultry litter is becoming the focus of increasing concern and scrutiny. This paper proposes to identify specific concerns of growers related to management of poultry litter, and analyze potential outcomes of possible...

We develop a theoretical model of strategic firm behavior in seeking property rights given multiple property regimes. Our model suggests probability of the loss of trade secrets and revelations through patent applications does play a significant role in the choice of property rights by plant firms.

Site-specific application of manure has the potential to improve crop production and environmental quality. If manure is applied where it is needed, in the quantity required by the crop, over application, with attendant runoff and leaching problems can be reduced. To implement this approach...

The market orientation of small-firms is questioned as a driver of radical product innovation. This study proposes a model to test whether radical product innovation in small-firms is truly market-oriented or customer-led.

This study provides an empirical perspective on alternative irrigation policies for allocating limited water to agricultural production in Egypt. Positive mathematical programming is used for model calibration. Three policy options for Egypt are tested: water pricing, water complementary input...