The exponential utility function for money has long attracted attention from theorists because it exhibits nonincreasing absolute risk aversion. Also, under certain conditions, it generates an expected utility function that is maximizable in a quadratic program. However, this functional form...

We focus on regulations controlling the spread of noxious weeds, especially the trade effects of regulatory differences across U.S. states. We specify a gravity model for each state’s seed, nursery product, and commodity trade with each other state. Within the gravity model, we examine...

Effective research-project assessment typically is impeded by project variety. In particular, bibliometric approaches to science assessment tend to offer little information about the content of the projects examined. We introduce here a new approach – based on Bayesian theory – of...