Failure of integrability is shown to cause path-dependence of willingness-to-pay measures of welfare change. Using the linear expenditure system, effects of failure of integrability are negligible (substantial) for estimating income (price) elasticities. For single price changes, Hausman's...

We evaluate the importance of the competitiveness and productive efficiency of the food processing sector for predicting policy outcomes, and the sector's performance under selected government interventions. Our model is based on firm-level decisions and focuses explicitly on the effects of...

Production contracts are increasingly important in American agriculture. Unfortunately, little is known about the fundamental forces governing their adoption and design. In order to better-understand the underlying incentives, we construct and test an agency-theoretic model of broiler production...