This Article is a survey of the highlights of noteworthy sales cases from 2011 decided under Article 2 of the Uniform Commercial Code. Particular Article 2 highlights include the cases of Benz Farm, LLP v. Cavendish Farms Inc. (modification under 2-209), Anunciacao v. Caterpillar Inc. (privity)...

This study examines whether the market reacts more strongly to earnings forecast revisions when financial analysts supplement their earnings forecasts with sales forecasts. I find that earnings forecast revisions supplemented with sales forecast revisions have a greater impact on security prices...

This paper studies the export decision of risk-averse firms in a model featuring aggregate uncertainty and no capital markets. Firms seeking to enter the foreign market face a sunk cost as well as a fixed participation cost every period they export. Using a calibrated version of the model, I...

Although typically overlooked, many purchase datasets exhibit a high incidence of products with zero sales. We propose a new estimator for the Random-Coefficients Logit demand system for purchase datasets with zero-valued market shares. The identification of the demand parameters is based on a...

This Article is a survey of the highlights of noteworthy sales cases from 2010 decided under Article 2 of the Uniform Commercial Code. Particular Article 2 highlights include the warranty cases of Teter v. Glass Onion, Inc., (formation under 2-204) In re Ebro Foods, Inc. (2-206 and 2-207), Lion...