This study compares liquidity costs of electronic and open outcry hard red winter wheat futures contracts traded side-by-side on the Kansas City Board of Trade. Liquidity costs are considerably lower in the electronic market than in the open outcry market. A new approach is used to estimate...

United States producer organizations spend millions of dollars on generic advertising of both beef and pork and other promotion programs designed to stimulate consumers' demand for meat. Producers need to know if the money allocated to generic advertising and these promotion programs is...

This paper provides a guide to handling the overlapping data problem.Overlapping data are often used in both economics and finance,but applied work often uses inefficient estimators. Thus there appears to be a need for a better understanding of the overlapping data problem. Under strict...