We investigate the effect of industrial concentration on productivity growth, a proxy for innovation, in the U.S. food industries. Here, we search for a possible critical level of concentration, i.e., the inverted-U hypothesis beyond which its relationship with productivity can turn negative....

The objective of this article is to measure the degree of competition among retail stores to sell a specific brand of a product. For this purpose, we estimate brand-specific demand equations along with first order conditions from stores' profit maximization. In stores' profit maximization, we...

Recent studies have derived optimal invoicing strategies for an exporting firm when exchange rates are uncertain. However, these studies fail to explain trade transacted in a third currency (vehicle currency). In this study, we extend existing models to include the possibility that trade occurs...

The Trade Adjustment Assistance Program, created in the Trade Act of 2002, authorizes temporary payments to farmers hurt by import competition. The Act requires petitioning farmers to demonstrate that prices have fallen by at least the statutory minimum proportion, and importantly, as a result...

This study proposes a linear two-stage approach to derive prices of observations when reported consumption is zero. In the first stage, demand equations are estimated using an ad hoc filling of unobserved prices. Then, each estimated demand equation is solved for price and a numerical estimate...

Biomass production for energy purposes on agricultural land competes with food production. This is a serious problem, considering the limited availability of farmland, rising demand for varied food products, demand for more organic crop production resulting in considerably reduced yields per...

An approach is offered that lets data determine the exact location of seasonal cycles. Rather than use deterministic variables that define the season, it allows seasonal cycles to be identified and modelled as dictated by the data in demand modelling framework.