Properties of GMM estimators are sensitive to the choice of instruments. Usingmany instruments leads to high asymptotic asymptotic efficiency but can causehigh bias and/or variance in small samples. In this paper we develop and implementasymptotic mean square error (MSE) based criteria for...

Logistic regression is employed to analyse the factors which influence the decision of whether or not the respondent used forward pricing methods during the 2004/05 maize production season. Forward pricing methods include cash forward contracting and hedging with futures contracts and/or...

The Printing Industry is undergoing a Digital Revolution . The importance of digital printing has been increasing substantially over the last decade. How has this development affected the paper selection of printing firms? Only paper suppliers who successfully anticipate the changing needs of...

The knowledge of the overall willingness-to-pay and the specific price premiums consumers accept when buying foods with less fat, saturated fat, sodium, sugar and more fiber shapes food manufacturer and distributor marketing strategies and supports the development of public health strategies....

Fragmentation of authority defines a first-order problem by creating economies of scale and positive and negative externalities in the provision of local public services. Resolving first-order problems leads to the second-order collective action problem of developing regional institutions that...