This article reports the results from a series of laboratory auction markets in which consumers bid on meat characteristics. The characteristics examined include meat traceability (i.e., the ability to trace the retail meat back to the farm or animal or origin), transparency (e.g., knowing that...

Multi-plant organizations have trouble including both local and global information in their decisions. Outlets know local conditions but headquarters is able to coordinate outlets. In allocating decision-making power, firms must balance coordination and flexibility. I model this tradeoff, and...

This study provides a unique view of the demand for carbohydrate sources in Russia at the household level. The data used in this analysis was obtained from a 1996 survey in eight Russian metropolitan areas. An AIDS model is used to examine the expenditures for potatoes, bread, flour, rice, and...

This note addresses the issue of countercyclical strategies in the beef-cattle industry. It also attempts to clarify and comment on several issues raised by Hamilton and Kastens (2000) in their article entitled “Does Market Timing Contribute to the Cattle Cycle?”

This paper demonstrates that the U.S. pork industry is lagging its principal international competitors and major international customers in terms of developing programs for traceability, transparency, and assurance (TTA). The primary areas of weakness in U.S. TTA programs are at the producer...

We develop a theory of valuation of payoff streams in infinite-horizon sequential markets and discuss implications of this theory for equilibrium under various portfolio constraints. We study the nature of asset price bubbles in light of this theory. We show that there cannot be equilibrium...

We comment on four aspects of Albers' [1] model of ecological constraints on tropical forest management. Albers structures her model in a highly asymmetric manner, with strong, uniform biases against development and in favor of preservation. Despite Albers' repeated claims that her model is...

The announcement on December 23, 2003 that a dairy cow in the state of Washington was diagnosed as having BSE sent shock waves through the US beef industry. This research uses auction experiments to determine the pre- and post-BSE effects of traceability and country-of-origin information on US...

I model the interaction between a regulator and polluting firms as a Stackelberg differential game in which the regulator leads. The firms create pollution, which results in a stock externality. I analyze the intertemporal effects of alternate pollution control measures in a competitive...