The rational choice model presumes that individuals are rational and make optimizing decisions based on available information. Theory suggests that lack of information and risk (and risk perceptions) can alter decisions from the static perfect information case, but do not necessarily result in...

The main objective of this article is to investigate both linear and nonlinear effects of inflation on income inequality and to test the Kuznets hypothesis using panel data of 24 developed countries (DCs) and 66 developing countries (LDCs) observed over the period of 1990 to 2014. Additionally,...

The main objective of this article is to investigate both linear and nonlinear effects of inflation on income inequality and to test the Kuznets hypothesis using panel data of 24 developed countries (DCs) and 66 developing countries (LDCs) observed over the period of 1990 to 2014. Additionally,...

Using a cross-country panel of 92 developing countries over the period 1990-2014, this paper examines the impacts of sector growth on income inequality. Most low-income people in developing countries are involved in agriculture and related industries, and directly utilize natural resources. The...

The purpose of this study is to analyze the welfare effects of the ethanol and biodiesel mandates on edible oil, gasoline and corn uses in the United States, as well as potential price increase caused by such mandates and policies. Despite all the claims that the federal mandates and policies...

This research is an empirical study of effects of mergers and acquisitions and joint ventures (MAJV) on the acquiring and participating firms' long term ex-post performance and idiosyncratic risk. The results show that acquirers from the food and pharmaceutical industries enjoy positive abnormal...

This study examines the impacts of a sorghum-based ethanol plant established in a major cotton producing area on local sorghum basis and cotton acreage distribution using county-level panel data from 2002 to 2014. Spatial econometric models are employed to account for any spatial dependence. Our...

Commodity price volatility can create concern for central bank policy-makers. Recent commodity prices peaked in the aftermath of the financial crisis of 2007, and they have remained relatively volatile since. As they are often seen as being connected in a cause and effect relationship with...

Food insecurity, poverty, and risk affect people's well-being around the world on a daily basis. This research looks specifically at agricultural producing households in rural Northwestern Ethiopia and how yield insurance and minimum income insurance would impact household welfare. The impacts...