Due to differences in ownership structure between cooperative and non-cooperative firms (NCFs), it has been hypothesized that co-ops may be less efficient than their non-cooperative counterparts. Illiquidity of owners’ investment and democratic governance may lead to underinvestment and...

We investigate the economic importance of implicit quality incentives in an agricultural market that lacks the institutional capacity for measuring quality verifiably. We measure the magnitude of implicit price premiums for quality, and we distinguish empirically between hedonic-pricing and...

Many countries around the World have applied, or are studying to apply, sugar-sweetened beverage taxes as a way to mitigate increasing obesity. The objective of our study is to illustrate about the relevance of controlling for quality choices within product categories when analyzing the impact...

Economic data with substantial seasonality are likely to have unit roots in more than one frequency. Using non-alcoholic beverage expenditure data from the United Kingdom, we empirically show that the absence of unit roots in one frequency (e.g. monthly) does not imply the absence of unit roots...