Dairy production in the US has experienced a marked increase in the size of dairy operations over time. Even as total production has grown over time, smaller operations have been disappearing. Consequently, the viability of smaller dairy farms has become an important policy concern in regions...

The economy of northwest Arkansas, including the Lincoln Lake watershed (a sub-watershed of the Illinois River), relies greatly upon livestock and poultry production. The supply of production by-products is increasingly under scrutiny as one of the potential sources of water pollution in the...

This paper measures inequality of opportunity in adult health in Colombia employing the 2010 Living Standards and Social Mobility Survey. I study the relationship between childhood circumstances and health status in adulthood drawing on Roemer (1998)'s analytical approach to inequality of...

In this paper, we consider who faces uninsurable business risks due to incomplete spanning of asset markets over stochastic goods market outcomes, and examine how the presence of the uninsurable business risks affects the producer's optimal pricing and production behaviours. Three key...

We investigate the relationship between alcohol purchases and food purchase healthfulness. A number of scientific studies suggest that wine consumption has health benefits but many do not account for potential confounding factors, such as food consumption. Using a rich data set of consumer...

This paper uses stochastic dominance to measure changes in the distribution of overall dietary quality in the U.S. over the period 1989{2008. Diet quality is often used as as a proxy for wellbeing and an outcome variable for a wide variety of interventions. For the population as a whole, we find...

Production risk from live weight variation of market pigs has become a more important concern in U.S. swine production. Packers are concerned about the variation in carcass size because of the demand for standardized cuts and the use of automation in the slaughter process. Swine producers care...

Malt barley is an important specialty crop in the Northern Plains and growers mitigate risk with federally subsidized crop insurance and production contracts. However, growers face considerable risk due to "coverage gaps" in crop insurance that result in uncertain indemnity payments due to...

The functional specification of mean-standard deviation approach is examined under location and scale parameter condition. Firstly, the full set of restrictions imposed on the mean-standard deviation function under the location and scale parameter condition are made clear. Secondly, the...

This paper examines the optimal location of a competitive firm in response to environmental costs imposed by the abatement investment and taxes when the cost of the environmental regulation varies spatially under uncertainty. It contributes to the literature by incorporating the spatial setting...