We study panel data on three birth-year cohorts to understand the changes in risk tolerance across different age groups. Interval regression models on cross-sectional data for each birth cohort are constructed to investigate how time-invariant factors and macroeconomic events such as September...

Techniques such as neuroimaging and molecular genetics are increasingly used to investigate economic theory, decision making behavior and personality traits related to economic behavior (e.g., risk attitudes, reward dependence). The generalizability of this research is ultimately limited,...

Direct regulation of school lunch content seems an intuitive approach for improving the nutrition of many American children. However, little is known about substitution patterns in response to such efforts, particular the likelihood that children and parents will turn to competitive foods...

Policymakers and school district officials hope to reduce childhood obesity by improving the nutrition of school lunches. The Healthy, Hungry-Free Kids Act of 2010 requires that the calorie content of lunches served as part of the National School Lunch Program (NSLP) must fall within ranges that...

Labels address a market failure—asymmetric information—through costly expenditures borne by consumers, firms, and taxpayers. In this review, we explore when mandatory and voluntary labeling policies may be socially optimal. Although the analysis ostensibly revolves around simple comparisons...

ABSTRACT We analyze recent and intended transactions of used farm equipment and find the quality of buyers' relationships with local equipment dealers influences whether their most recent purchase came from an Internet source and whether they will consider future purchases from Internet sources....