As of fall 2012, school food services have needed to provide vegetables in greater quantities and diversity to fulfill new USDA requirements for the National School Lunch Program (NSLP) and School Breakfast Program (SBP). This paper summarizes the results of a set of experiments conducted in...

This paper combines expressions for infant formula retail price flexibilities of the contract brand with respect to the rebate and participant demand presented by Reed and Levedahl (2012)with historical data on rebates and participant demand to calculate how the magnitude of net taxpayer costs...

This chapter is the final one (no. 12) in the report.

The author modified a numerical procedure developed by Cox, Ross, and Rubinstein for valuing options on stocks to value options on commodity futures contracts The numerical procedure, unlike Black's widely used analytical approach, can include the value of early exercise in the option-premium...

Recursive aggregate demand and supply functions are used to simulate the ability of the farm sector to adjust during the 1970's to three policy alternatives. Different output demand elasticities and shifts in the supply and demand for farm output were assumed. Within reasonable bounds,...