This analysis breaks down the congestion levels experienced during specific parts of a wilderness canoe trip. By explicitly addressing the heterogeneity in preferences for congestion during a trip, we were able to determine the relative value canoeists place on solitude at different points of a...

The main motivation for this paper is the recognition of the fact that asymmetric information is the form of moral hazard and adverse selection results in sizeable efficiency losses. These costs are passed back to producers in the form of excessively high premium rates and also passed back to...

This paper investigates how to use a vertically integrated supply-chain model to aid in the selection of beef sires when making breeding decisions. A systematic approach was taken to model and determine the benefits and associated sire rankings arising from the simulated mating of parent stock...

Normal, gamma and beta distributions are applied to 609 crop yield histories of Ontario farmers to determine which, if any, best describe crop yields. In addition, a distribution free non-parametric kernel estimator was applied to the same data to determine its efficiency in premium estimation...

This study investigates the effects of class size, high school accounting, aptitude and attitude on learning , measured by the difference between post-test and pre-test scores, in an undergraduate financial accounting class, after controlling for students' major and semester level. Statistical...

This paper investigates whether the assumption of Brownian motion often used to describe commodity price movements is satisfied. Using historical data from 17 commodity futures contracts specific tests of fractional and ordinary Brownian motion are conducted. The analyses are conducted under the...

A rational rank four AIDS model (RAIDS) is used to estimate consumer demands for final goods and services in countries spanning the development spectrum. RAIDS is used as it provides more general price and expenditure responses. It also nests the Quadratic and non-liner AIDS models. RAIDS is...

This paper reports a new set of estimates of the returns to swine research in Canada. These estimates were obtained using Agriculture and Agrifood Canada's Canadian Regional Agricultural Model (CRAM). Positive Mathematical Programming was incorporated into the model for use in this study. The...

A recently developed demand system, nicknamed AIDADS, offers a more general approach to capturing consumption preferences. AIDADS generalizes the LES by assuming marginal budget shares vary indirectly with expenditure. AIDADS is limited by the fact that the subsistence parameters are constant...

This paper proposes that the common finding that land prices are systematically higher than their fundamental value as measured by the present value of future cash might be due to real options arising from uncertainty in cash flows. The paper posits a model in which the seller has a real option...