We quantify weather effects on output and incomes for a panel of Kansas farmers. The effects of weather are largely asymmetric with negative temperature and precipitation values affecting output and income differently than above average observations. Precipitation effects depend on timing and...

Agriculture operates in an uncertain environment. Yields, prices, and resource usage can change dramatically from year to year. However, most analyses of the agricultural sector, at least those using mathematical programming methods, assume decision making is based on average yields, ignoring...

Agriculture operates in an uncertain environment. Yields, prices, and resource usage can change dramatically from year to year. However, most analyses of the agricultural sector, at least those using mathematical programming methods, assume decision making is based on average yields, ignoring...

Nonpoint pollution problems resulting from current agricultural practices are forcing policymakers to examine alternative mitigation strategies. Two mechanisms suggested to control the use of nitrogen fertilizer, a source of potentially harmful contaminants of water sources, are quantitative...

Risk aversion is well established in the health and safety literature, and ambiguity is addressed in theoretical and experimental economics literature, but few theoretically-consistent empirical models addressing the relationship between ambiguity, risk, and preferences exist. Even fewer address...

The demand for bottled water has increased rapidly over the past decade, but bottled water is extremely costly compared to tap water. The convenience of bottled water surely matters to consumers, but are others factors at work? This manuscript examines whether purchases of bottled water are...