This article deals with the specification of a locally flexible and theory-consistent system of mixed demand functions, a framework that allows for a rich set of possibilities about what is assumed as exogenous in a demand model. A coherent mixed demand system is derived by using the restricted...

We relate the labeling of genetically modified (GM) products to the theory of grading and minimum quality standards. The model represents three stages in the supply chain, assumes a vertical product differentiation framework, allows for the accidental commingling of non-GM products, and treats...

The extensive adoption of genetically engineered (GE) varieties in U.S. agriculture has dramatically changed the patterns of pesticide use. How this process ultimately affects environmental risk remains an open question. Previous studies have typically relied on aggregate trends to infer the...