This study evaluates the impact of six genetically modified corns on swine and poultry feed costs and on the use of traditional feed ingredients. A Brill linear programming model was used to calculate least-cost feed rations for broilers, layers, tom turkeys, 8-13 pound pigs and finisher hogs....

High oil corn (HOC) is a genetically enhanced variety of corn that is gaining popularity as a commercial feed ingredient. HOC has an enlarged germ and contains higher levels of crude oil, protein, and amino acids than conventional corn. To capture the increased feed benefits of HOC, it must...

Suppose one could expend effort to prevent probabilistic transition to an adverse state, and also effort to expedite probabilistic transition to a beneficial state. Bearing in mind that the efforts occur in different states, should these efforts substitute or complement? Two appealing arguments...

The optimal balance between keeping marriages intact, despite spousal conflict, and allowing for divorce is a subject of policy debate in the United States. To explore the tradeoffs, I construct a structural model with information asymmetries, which may generate inefficient outcomes. Parameters...

This paper empirically investigates the determinants of citations based on the publicationof the top 100 most often cited economists. The effects of publication age and author fame onsubsequent citations are found to be positive and significant. Citations are also significantly affectedby...

The remarkable expansion of global wind power capacity in many countries brings forward several key economic questions regarding the performance of impacted electricity markets. Wind forecast uncertainties and rules that penalize scheduling deviations often discourage wind energy producers from...

Choosing the right set of new products to offer is a key driver of profitability. New products often share some design attributes with existing products, thus, firms need to decide which attributes to keep common and which to differentiate. We propose and empirically implement a new methodology...

This paper develops a non-finite-difference-based method of American option pricing under stochastic volatility by extending the Geske-Johnson compound option scheme. The characteristic function of the underlying state vector is inverted to obtain the vector's density using a kernel-smoothed...

We consider the problem of identifying a mean outcome in corrupt sampling where the observed outcome is a mixture of the distribution of interest and some other distribution. We make two contributions to this literature. First, the statistical independence assumption maintained under...

This paper provides new evidence about the impact of Social Security Disability Insurance on male labor force participation decisions based on estimates from a structural model of applications, awards, and state-contingent lifetime income flows. The lifetime framework makes it possible to...