Most studies utilizing experimental auction mechanisms to elicit consumers’ willingness to pay are designed to avoid potential substitution or demand-curve effects that may influence bid prices. However, previous research and auction designs have not considered the potential impact on bid...

Our paper begins with a consideration of the causal relationships among productivity, farm structure, government farm payments and public investments in research and extension. We then empirically test key relationships for a relatively recent period (1960-96) in the history of agricultural...

Replaced with revised version of paper 07/22/08.

In many countries, including those in the European Union, Japan, Australia, and China, labeling is required for foods that contain genetically modified material. Other countries, including the United States, do not require mandatory labeling of GM foods. The United States, however, does allow...

Many countries require labeling for GM food products. These countries often have different levels of genetic modification that they will tolerate before a food product must be labeled as genetically modified. For example, the European Union and Australia allow up to one percent of any ingredient...

The paper analyzes the decision-making of rural Chinese households with three alternatives: stay exclusively on farm, take local off-farm jobs, and migrate. Based on a survey of rural Chinese households, we extend the dynamic discrete choice model of Wooldridge (2002a,b) to a trichotomous...

This article suggests that the two current approaches of summarizing curvature conditions for certain flexible function forms are neither intuitive nor robust to skewed distribution of exogenous variables. They also ignore the possible correlation pattern between exogenous variables. Arguing...

With the controversy over genetically modified (GM) foods continuing to grow, there has been a major push for mandatory labeling of GM foods by consumer advocacy and environmental groups in the United States. These groups maintain that consumers would benefit from labels. Other groups think that...