Geographic Information Systems (GIS) data are used in a hedonic model to measure the impact of recreational and scenic amenities on agricultural land values. Results indicate agricultural land values are determined by environmental amenities as well as production attributes. Significant amenity...

This research investigates the impact of reporting different kinds of trade information to buyers and sellers in laboratory markets, for which exchange is made through bilateral bargaining. Results suggest that public information may improve the bargaining position of buyers relative to sellers...

As policy makers strive to maintain competitiveness in agricultural markets, the impacts of altering market information sets must be evaluated. An experiment was designed to assess the price and production impacts of forward contract information. Results suggest that this information reduced...

Trade liberalization and laissez-faire economics are altering the structure of agricultural production and trade. The principle of comparative advantage, a classic tenet of economics, is a useful tool for understanding the future of world agriculture. This study employs a "Revealed Comparative...

Laboratory methods are used to investigate the impacts of supply and/or demand risks on prices, quantities traded, and earnings within forward and spot market institutions. Results suggest that the spot or forward trading institution itself has a greater influence on market outcomes than...