We investigate the eect of cap-and-trade regulation of CO2 on rm prots byperforming an event study of a CO2 price crash in the EU market. We examinereturns for 90 stocks from carbon intensive industries and 600 stocks in the broadEUROSTOXX index. Firms in carbon intensive, or electricity...

This paper reviews the stylized facts regarding the levels of human capital investments and the returnsto those investments in developing countries. These returns are substantial and are pervasive acrossdemographic groups. Returns are comparable between men and women and between urban and...

This paper reviews the stylized facts regarding the distribution of human capital investments and the returns to those investments in developing countries. It then examines recent evidence regarding which policies can induce increased human capital investments in the most efficient manner, using...

Our context involves Cournot oligopolists producing NM products at constant marginal costs when preferences are quasi-linear. We identify relationships between second moments of unit costs and second moments of firm-level production. For example, a larger variance in unit costs of a product...

Niche markets of agricultural products are experiencing rapid growth. One suchniche market is organic pork. Organic pork production is a relatively new and expandingsegment of the pork industry. Similar to some other niche markets, it has also experiencedrapid growth (Organic Trade...

Considerable controversy exists regarding the costs and benefits of growth in the meatpacking and processing industry in the rural Midwest. This study uses proprietary datafrom the Bureau of Labor Statistics’ Longitudinal Database (LDB) to investigate theeffects of this industry on social and...

This paper examines the roles of specialized versus general skills in explaining variation in thereturns to an agriculture degree across majors inside and outside the agricultural industry. Thefocus on returns by sector of employment is motivated by the finding that most agriculturalmajors are...

In 2009 Iowa farmers had the opportunity to enroll in a new revenue support programcalled ACRE. A survey showed that those who did enroll desired more risk protection andbelieved that payments from ACRE would exceed the value of direct payments forfeited.Operators who did not enroll said the...

A framework is developed to examine the 2011 pilot program established by the RiskManagement Agency (RMA) to insure organic crops. Given that for insurance purposes RMAlinks organic crop prices to their conventional counterparts by a fixed percentage, we calibrateour model to reflect the organic...

The evidence strongly suggests a robust negative relationship between income and fertility, anda positive relationship between income and longevity. This is puzzling for standard dynamicmodels. For instance, altruistic models that use the most standard preferences in macro-timeseparable CRRA...