Cooperatives are unique business organizations. Many of their unique characteristics have a direct impact on how decisions are arrived at as well as the ultimate decision made. This study reviews current literature on cooperatives and decision making. A decision making model is developed to...

Escalating media advertising costs have prompted shifts away from advertising to non-advertising promotion activities in the dairy industry’s generic commodity promotion program. As advertising budgets become tighter, determining the optimal allocation of these funds becomes particularly...

An understanding of the diversity of community water systems (CWS) in the United States is essential when evaluating the financial implications of the 1986 and subsequent amendments to the Safe Drinking Water Act (SDWA). This diversity, in terms of size, primary water source, ownership, and...

Previous constant-parameter demand models have estimated generic advertising elasticities for cheese to be below that for fluid milk. We relax this assumption, allowing for generic advertising response to vary over time. Cheese advertising elasticities were found below fluid milk up until the...

A panel data Tobit model is developed to examine the household purchase process for a frequently purchased commodity. The proposed model accounts not only for censoring or sample selectivity, but also the temporal dependence of the purchasing process using household panel data. The flexible...

TIrroughout the debate over re-authorization of the Safe Drinking Water Act (SDWA), it has been clear that members of both Houses of Congress are keenly aware of the financial burden facing the owners of small water systems in their efforts to comply with the 1986 and future amendments to the...

A two-step sample selection model is used to estimate household demand equations for fluid milk and cheese products incorporating national generic advertising. This approach allows us to disentangle the incidence of the advertising effect on the probability of purchase and changes in the level...