We investigate how to theoretically and empirically measure pre-committed quantities through price formation utilizing translating in the consumer distance function. The translated consumer distance function is defined as a dual to the translated utility, indirect utility, and expenditure...

Controversy has surrounded the welfare effects of advertising, mainly concerning the consumer welfare effects. Unfortunately, the measures of consumer welfare effects in most studies have been ad hoc and incorrect. The consumer welfare consequences of advertising can be measured consistently...

We investigate the impacts of food safety on a weakly separable U.S. meat demand system (beef, pork, and poultry) using both the Generalized Almost Ideal Demand System (GAIDS) and the Rotterdam model. To measure food safety, indices are constructed based on the number of meat safety articles...