Many nations have undergone significant trade liberalization even as they have increased their use of contingent protection measures. This raises the question of whether some of the trade liberalization efforts, at times accomplished through painful reforms, have been undone through a...

The performance and composition of the U.S. brewing industry has changed dramatically over the past three decades. The industry displays contradictory shifts in both aggregate production volume and number of firms. While aggregate beer production in the US has increased modestly, per capita...

The Bureau of Reclamation (BuRec) has been instrumental in developing the western river basins for irrigation water supplies and other purposes. In the last decade, the BuRec has not initiated any new water developme~t projects, opting instead to complete and manage existing projects. Although...

In many applications in applied statistics, researchers reduce the complexity of a data set by combining a group of variables into a single measure using a factor analysis or an index number. We argue that such compression loses information if the data actually have high dimensionality. We...

We develop an optimizing life-cycle model of retirement with perfect capital markets. We show that longer healthy life expectancy usually leads to later retirement, but with an elasticity less than unity. We calibrate our model using data from the US and find that, over the last century, the...

Small size, dependence on domestic feed-grain and the generic nature of pork would suggest poor export prospects for Australia’s pig and pigmeat industries against leading export countries in North America and Europe. The federal government challenged the industry to do just that when it began...