This paper exploits a liquidity shock from a large-scale welfare program in Brazil to investigate the importance of credit constraints and informal financial assistance in explaining entrepreneurship. Previous research focuses exclusively on how liquidity shocks change recipients’ behavior...

This study examines the dynamic relationship between wholesale and retail prices of beef products, accounting for product differentiation in cuts and quality grades. We test for long-run association in price transmission relationship in presence of asymmetry caused by threshold-type adjustments....

Selected Poster for AAEA 2014 annual meetings

The objective of this research is to evaluate increasing interaction between the private Exchange spot cheese market and Federal Milk Marketing Orders pricing system during three milk pricing regimes: Minnesota-Wisconsin price series (1960s-1995), Basic Formula Price (1995-1999) and Multiple...

Recently, a number of pilot and demonstration scale advanced biofuel facilities have been established, but commercial scale facilities are yet to become operational. To make informed decisions about this emerging industry, potential biorefinery entrepreneurs and regional policy makers need...

This paper investigates the presence of career incentives in arm's-length contracts between wine-grape farmers and wineries in Chile. We observe explicit incentives in pay-for-performance provisions that depend on measurable characteristics of grape quality, and we test for the presence of...