Seit Mitte der 1990er Jahre werden verschiedene Internet-basierte Informationssysteme für den überbetrieblichen Austausch von produkt- und prozessbezogenen Daten zwischen Landwirten und den vor- und nachgelagerten Wertschöpfungsstufen entwickelt. Obwohl die meisten IT-Lösungen inzwischen...

Overbuilding in commercial real estate in the 1980s is commonly viewed as an example of a speculative bubble. This paper questions that view and proposes an environment in which overbuilding could occur as a rational response to fiscal policy in the 1980s. Further, this paper contends that...

Hog, corn, and soybean meal futures are shown to be cointegrated, reflecting the close intrinsic relationship of corn and soybean meal as the primary feed for hogs. Applying a recent technique to date-stamp pricing bubbles we further show that bubbles in feed do not appear to be associated with...

The idea that individuals adapt their behaviors in response to changes in incentive systems is fundamental to most economic analysis. This paper incorporates the concept of price discovery costs into the incentive theory to offer a theoretical model and empirical evidence on the differential...

Linear regression models are frequently used to analyze distributive politics in the U.S. Congress; however, authors have used a variety of specifications with different implicit assumptions about how bicameralism shapes legislative bargaining. I derive a model that describes district or state...

This paper examines the supply response of the Greek pork market. A GARCH process is used to estimate expected price and price volatility, while price and supply equations are estimated jointly. In addition to the standard GARCH model, several different symmetric, asymmetric and nonlinear GARCH...

This paper analyses the marketing arrangements between Polish hog producers and buyers at a time when high-quality markets are emerging. Interrelationships between four key factors are investigated: governance structures, prices, grading and investment in quality production. A sample of 200...

We study price transmission processes within EU pork markets after the implementation of the EU single market in 1993. We compare results derived from non-parametric regressions with those obtained using alternative non-linear threshold models. Both techniques support the hypothesis that prices...