A theoretical model is developed addressing habit formation and time-inconsistent preferences in consumption of unhealthy foods. In particular, the effects of counseling in altering the consumption satiation point and lowering individual discount rates are investigated. The model highlights the...

An extension of the Guerrero et al. (2010) net present value (NPV) analysis using real options analysis (ROA) is offered to improve machinery replacement decisions. Specifically, the feasibilities of replacing natural gas irrigation systems with either electric or hybrid (electric/wind) systems...

A structural vector autoregression (SVAR) model along with a direct acyclic graph is employed to decompose how supply/demand structural shocks affect food and fuel markets. The results support the hypothesis that fundamental market forces of demand and supply are the main drivers of food price...