We propose the Grouped Coefficients estimator to reduce the bias of dynamic panels that have a multilevel structure to the coefficient and factor loading heterogeneity. If groups are chosen such that the within-group heterogeneity is small, then the grouped coefficients estimator can lead to a...

This paper studies the effect of electronic trade on the quality of market price discovery, using the Intercontinental Exchange (ICE) cotton futures market as a laboratory to measure market quality under periods of floor trade, parallel floor and electronic trade, and electronic-only trade....

This paper studies the effect of electronic trade on the quality of market price discovery, using the Intercontinental Exchange (ICE) cotton futures market as a laboratory to measure market quality under periods of floor trade, parallel floor and electronic trade, and electronic-only trade....

Using five monthly revisions to USDA crop forecasts (Jul, Aug, Sep, Oct, & Nov), we estimate own‐ and cross‐commodity short‐run demand flexibilities for six domestic agricultural commodities. Our findings indicate that the corn supply influences the expected harvest‐time price of...

The potential of agricultural biotechnology to produce seed traits that reduce yield risk generates widespread excitement. Hopes are high that in an era of tightening water constraints and climate change drought tolerant (DT) crop varieties will stabilize food production and allow for greater...