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...

Little research has been done on the economic benefits of snowmobiling. This study used a cluster analysis and the travel cost method to identify different snowmobiler segments and estimate their respective consumer surplus values. Consumer surplus estimates ranged from $12 to $49 per day for...

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...

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...