Most demand studies, particularly those for food products, choose somewhat arbitrarily either a linear or a log-linear functional form. Since choice of functional form has implications for elasticities and their properties over time, either form may be considered restrictive. An empirical test...

In this study, moving average price stabilization schemes were analyzed under the assumption of rational expectations. It was shown that moving average price schemes may induce cyclical behavior into market prices where no cyclical pattern previously existed. Moving average price stabilization...

In 2008 the Canadian government passed amendments to the Environmental Protection Act requiring five percent ethanol in transportation fuels sold in Canada by 2010 and two percent renewable content in diesel and heating fuels by 2012. Agricultural commodity and other groups have lobbied for...