Concerns over laying hens’ welfare have led to many different labels for eggs and changes to state regulations. Consumer attitudes toward farm-animal welfare were examined using a national survey in the context of preferences for eggs differentiated by layer management practices. Most...

Jet fuel accounts for a large portion of passenger airlines' operating costs, and airlines' earnings are susceptible to swings in the price of jet fuel. This study uses daily data over the past two decades to determine the minimum variance hedge ratio for airlines wishing to hedge jet fuel price...

Introduction: This report provides an overview of the important factors affecting investments in agricultural value-added ventures. The introductory section outlines current research on factors important in the location of economic activity. Research applied to specific agricultural value-added...

Introduction: This report provides an overview of the important factors affecting investments in agricultural value-added ventures. The introductory section outlines current research on factors important in the location of economic activity. Research applied to specific agricultural value-added...

This paper examines how productivity changes contribute to short-run cost variations over time and across railroads. Using an unbalanced panel of US Class I railroad data for the period 1996-2003, decomposition models were used to attribute intertemporal and multilateral cost variations to their...

Cell phone laws prohibiting individuals from texting or using the phone while driving have been much debated in the United States. Currently, 33 states have passed cell phone laws targeting only young and novice drivers, while 10 states have similar laws for all drivers regardless of age. This...

Fuel hedging is a common risk management tool used in the airline industry. But past studies have not addressed the question of whether fuel hedging creates any benefit to airline operations. This study is the first work that empirically examines the role of fuel hedging in reducing...

This paper examines how productivity changes and price changes have contributed to short-run profit change in the railroad industry. Using an unbalanced panel of US Class I railroads for the period 1996-2003, a short-run profit change decomposition model is used to attribute intertemporal profit...