A mail survey is used to examine the consistency of alternative risk preference elicitation procedures using five commonly used methods. These elicitation procedures have been used in previous studies to characterise risk preference. Results show little consistency across procedures, supporting...

Empirical results suggest that the grid premium and discount structure is slowly adjusting carcass quality incentive/disincentive market signals to encourage marketing on a grid and discourage marketing by the pen. If this trend continues, grid market share of steer and heifer slaughter volume...

An extensive literature review considers the union voice effect on firm performance. A theoretical model of labor demand under uncertainty is developed that hypothesizes a linkage between firm performance and the union voice effect. The model generates a positive union effect on wages and hours...

An alternative theoretical explanation for the existence of wage differentials between minority and majority groups is proposed. It is demonstrated that wage differentials that arise from uncertainty about minority group abilities relative to those of the majority group are not exclusively the...

The Livestock Mandatory Reporting Act (MPR) of 1999 was implemented in April 2001. Empirical evidence indicates a significant change in intra-week price dispersion associated with publicly reported fed cattle grid premiums and discounts occurring after MPR implementation. The research objective...