We model the relationship between local agricultural surpluses, nutritional status, and height, and we test the hypothesis that adult height is positively correlated with the local production of nutrition in infancy. We test the hypothesis on two samples of Union Army recruits - one consisting...

The contributions of Harold Demsetz offer key insights on how property rights and transaction costs shape economic organization. This guides our comparison of agricultural organization in two comparable regions, the Argentine Pampas and the US Midwest. In the US, land was distributed in small...

Recent models of firm investment decisions stressing informational imperfections in capital markets provide a foundation for interpreting evidence that movements in internal finance can predict investment opportunities. While such evidence is suggestive, it is often open to other...

This article examines the involvement of agricultural and life science faculty at U.S. land grant universities in two types of university-industry relations: academic engagement (sponsored research, industry collaborations, and presentations), academic commercialization (patenting, licensing,...

This paper examines the effect of U.S. food aid on conflict in recipient countries. To establish a causal relationship, we exploit time variation in food aid caused by fluctuations in U.S. wheat production together with cross-sectional variation in a country's tendency to receive any food aid...

This paper examines the economic environments in which past U.S. stock market booms occurred as a first step toward understanding how asset price booms come about and whether monetary policy should be used to defuse booms. We identify several episodes of sustained rapid rise in equity prices in...