The evidence for nonnormality of crop yields is reassessed. Three methodological problems are identified in typical yield distribution analyses: (i) misspecification of the nonrandom components of yield distributions, (ii) missreporting of statistical significance, and (iii) use of aggregate...

We study firm dynamics, firm value, equilibrium permit prices and market efficiency in a natural resource industry that is managed with tradable output permits. New firms must purchase capital and output permits before they enter. Active firms must consider the economic cost of capital and the...

A framework is developed to evaluate food assistance programs and is applied to the Farmers' Market Nutrition Program—a program intended to increase consumption of fresh fruits and vegetables (F&V) by providing coupons and information. Because individuals differ, some coupons are unused, some...

We study firm dynamics, firm value, equilibrium permit prices and market efficiency in a natural resource industry that is managed with tradable output permits. New firms must purchase capital and output permits before they enter. Active firms must consider the economic cost of capital and the...

Static analysis shows that individual transferable quotas (ITQs) can dramatically increase economic efficiency comparable to a limited entry (LE) management by releasing excess capital. However, the transition from LE to ITQ management presents further efficiency questions. This paper shows that...

A framework is developed to evaluate food assistance programs and is applied to the Farmers' Market Nutrition Program--a program intended to increase consumption of fresh fruits and vegetables (F&V) by providing coupons and information. Because individuals differ, some coupons are unused, some...

The evidence for nonnormality of crop yields is reassessed. Three methodological problems are identified in typical yield distribution analyses: (i) misspecification of the nonrandom components of yield distributions, (ii) misreporting of statistical significance, and (iii) use of aggregate...

We study firm dynamics, firm value, equilibrium permit prices and market efficiency in a natural resource industry that is managed with tradable output permits. New firms must purchase capital and output permits before they enter. Active firms must consider the economic cost of capital and the...