“Greed is good.” --Gordon Gecko in Wall Street (1987) “Greed Is Bad.”--Paul Krugman, The New York Times, June 4, 2002 “For many years, Archer Daniels Midland Co.’s philosophy of customer relations could be summed up by a quote from former ADM President James Randall: ‘Our...

This paper tests a series of prominent hypotheses regarding the determinants of per-capita income using a novel spatial econometric approach to control for spillovers among neighboring countries and for spatially correlated omitted variables. We use simultaneous equations to identify alternative...

With cellulosic energy production from various forms of biomass becoming popular in renewable energy research, agricultural producers may be called upon to plant and harvest switchgrass or collect corn stover to supply such energy production to nearby facilities. Determining the entire...

We investigate the Philippine government’s price stabilization policy for rice. Seemingly Unrelated Regressions are used to examine the effectiveness of the program at regional and national levels over a 21-year period (January 1983 to December 2003). Results of the regional analysis indicate...

The production and trade of cowpea (Vigna Uniculata), called “blackeyed peas” in the US, are a growing business for farmers and merchants serving the rapidly expanding urban areas of West and Central Africa. Cowpea fits the needs of the urban poor. It is an inexpensive source of protein that...

Both market structure and corporate practices of Archer Daniels Midland fostered the implementation of the largest price-fixing conspiracies seen in modern times. The overcharges imposed on U.S. buyers of lysine and citric acid during 1994-1995 by ADM and its co-conspirators amounted to at least...

Little research has been conducted on the choice of dwelling by U.S. homeowners. Few studies have included manufactured housing into the dwelling choices available to homeowners. This study focuses on the effects of demographic and socioeconomic variables on a household’s choice to own a...

ADM was at the center of two large global price-fixig conspiracies. Buyers were overcharged $116 to $378 million in the United States. Market structure and corporate management style facilitated these cartels. The criminal prosecutions and defendants' legal strategies were both laudatory, but...

New technology introduction in this semiarid region of the Sahel is hypothesized to be made more difficult by three price problems in the region. First, staple prices collapse annually at harvest. Secondly, there is a between year price collapse in good and very good years due to the inelastic...