An extensive empirical literature addressing the behavior of prices over time and across spatially distinct markets has grown substantially over time. A fundamental axiom of economics|the Law of One Price"|underlies the arbi- trage behavior thought to characterize such relationships. This...

This paper formulates and estimates a structural intertemporal model of a woman’s household participating in the Supplemental Nutrition Assistance Program (SNAP) and her likelihood of being obese. We use an economic model of lifetime behavior in a finite life model to provide the structure of...

This study tests the null hypothesis that it is sufficient to interview only the household head to obtain accurate information on household income. Results show that using a husband’s estimate of his wife’s income does not produce statistically reliable results for poverty analysis....

This paper analyses the effects of the expiration of the volumetric ethanol subsidy and the implementation of the renewable fuels standard (RFS) on the U.S. fuel ethanol industry. Analyses that ignore the dynamic implications of these policies, including their effects on incumbent ethanol...

This paper fills the gap of modeling positive externality cases when private marginal cost is higher than social marginal cost. Within this unique type of divergence of marginal costs two cases are scrutinized: social marginal benefit being higher than private marginal benefit, and vice versa,...

This paper presents a dynamic form of the almost ideal demand system (AIDS). The static AIDS model was employed to determine long-run equilibrium model and represents the short-run dynamics by an error correction mechanism. This estimation procedure is applied to estimate three kinds of popular...

Previous research on water trading has focused on surface water trading and theoretical approaches to analyzing groundwater trading. Empirical analysis of groundwater trading is a new area of study due in part to the previous lack of recorded usage, trade data and binding constraints on...