Expectation reliability remains a question. In this article, we test whether the households could form unbiased expectation of interest rate. From the Survey of Consumer Finance (SCF), we find that the majority of households hold higher interest rate expectation, and by simple t-test, the...

Real estate bubbles have attracted much attention in the research literature following substantial growth in prices. Given the recent subprime mortgage crisis, this article is concerned with the related problem of possible bubbles in rural land values, given that at the margin urban real estate...

Commodity futures prices and volatility increased dramatically from 2006 to 2008, following a period during which index traders, a class of large investment funds, took on massive commodity futures positions. This article presents a method to reveal the extent to which index trader trading...

The economics of agro-terrorism has not been fully developed within the economics literature, yet with increasing concerns about agro-terrorism it is important to understand how consumers will generally respond. This article presents an overview of food safety issues, and develops an economic...