A utility maximization model is used to assess alternative risk management portfolios of Pacific Northwest non-irrigated grain producers using three rotational practices. Risk management tools include hedging with wheat futures, yield insurance, two revenue insurance products (with and without...

A utility maximization model is used to assess alternative risk management portfolios of Pacific Northwest non‐irrigated grain producers using three rotational practices. Risk management tools include hedging with wheat futures, yield insurance, two revenue insurance products (with and without...

A growing literature suggests that limited access to full-service grocery stores may be linked to poor diets, obesity, and other diet-related diseases. Food prices are likely to be as much of a factor in low-income consumers’ food purchase decisions as food store access is, but few studies...

The multivariate sample selection model is extended to a nonlinear equation system with partial selection and applied to household meat consumption in China. Elasticity estimates differ from those obtained from conventional maximum likelihood and Tobit estimates. Chinese meat products are gross...

A quasi-maximum-likelihood estimator is proposed and applied to a censored Translog demand system for foods, using a sample of food stamp recipients in the United States. The procedure produces remarkably close parameter and elasticity estimates to those of the simulated-maximum-likelihood...