This paper analyzes potential changes to the U.S. food stamp program (FSP) that have been suggested by some nutritionists and others with a view to combating obesity among the poor. Specifically, we use models of consumer behavior, firm supply, and market equilibrium to assess the impacts of...

Genetically modified corn seed companies have innovated continuously with the introduction of new traits and, more recently, with the creation of stacked varieties. Thiswork develops a Bayesian model of adoption that demonstrates how uncertainty with a package technology can lead to a sequential...