Purpose Agribusiness managers oftentimes find it difficult to gain practical experience in an area they have had very little practice. Habitually, they rely on their own business acumen, and tacit knowledge to navigate unfamiliar territory. What does the manager do when the problem is...

Purpose – The purpose of this paper is to explore the relationship between beliefs and economic policy in the context of gasoline prices following Hurricane Katrina. Design/methodology/approach – The paper applies three contributions – by North, Caplan and Higgs – to the question of...