The potential of agricultural biotechnology to produce seed traits that reduce yield risk generates widespread excitement. Hopes are high that in an era of tightening water constraints and climate change drought tolerant (DT) crop varieties will stabilize food production and allow for greater...

Economists attribute many common behaviors to risk aversion and frequently focus on how wealth moderates risk preferences. This paper highlights a problem associated with empirical tests of the relationship between wealth and risk aversion that can arise when the probabilities individuals face...

How and how well growers manage the risks inherent in agriculture has direct welfare implications for producers and consumers at both local and societal levels. While better weather, pest and disease forecast information are rapidly disseminating among producers and are often touted as promising...

Maternal nutrition during pregnancy can have significant implications for a child’s prenatal growth and development, and undernutrition experienced during the prenatal period increases the risk of early childhood morbidity and mortality and can permanently impair a child’s physical growth...

In this research, we integrated an experimental auction with sensory science techniques—namely, trained sensory panels used to analyze the sensory attributes of wines—to examine the effects of objective and sensory information in the market for California-produced Cabernet Sauvignons. The...