Traditional economic theory of the consumer assumes the existence of perfect information. However, in reality this assumption is rarely fulfilled. In this paper a model is presented which relaxes this assumption and explicitly introduces the possibility of imperfect information into the theory...

The study discussed in this paper integrates the economics of information, production theory, and the theory of human capital to determine the optimum amount of price information collected by profit maximizing hog producers.

This study tests the hypothesis that lobbying by food firms does not contravene United States farm policy, particularly commodity programs. The research is important in the analysis and understanding of the difficulties of designing and reforming agricultural policies. If farm programs...

As consumers live in more modern urbanized places, their satisfaction with their own consumption activities depends more and more on the consumption habits of their neighbors. Six major research issues are proposed that involve consumption externalities. They are: the Quantity and Quality of...

Consumers concerns about food attributes related to health, safety and nutrition were ascertained by way of a mailed survey in the metropolitan area of St. Paul/Minneapolis, Minnesota, in 1993. An ordered probit analysis was conducted to determine how these concerns correlated with eating habits...