This article presents econometric estimates of the adult working-age male hazard function of interstate migration fitted to data obtained from migration decisions of adult males over a twenty-year period. The results show a strong negative effect of the real wage difference between origin and...

State crop, livestock,and aggregate agricultural total factor productivity (TFP) data, 1950–82, are examined for evidence of convergence to a single TFP level (σ-convergence) or to a steady state rate of growth (β- or conditional convergence). Our empirical results do not support...

A conceptual analysis of important issues in the organization and management of academic research is presented. Principal-agent theory is applied to derive optimal compensation schemes for scientists when they differ in ability, risk aversion, cost of effort, and reservation utility, and to show...

This paper assesses consumers’ acceptance of nutritionally enhanced vegetables using a series of auction experiments administered to a random sample of adult consumers. Evidence suggests that consumers are willing to pay significantly more for fresh produce with labels signaling enhanced...