Farmland offered for its productive or consumptive value may be viewed as a class of goods characteristic of product differentiation. Using the generalized Box-Cox transformation, an unrestricted hedonic model was employed to derive implicit valuations of parcel attributes. Results suggest that...

This paper provides evidence for determinants of households participation in rural development projects. Study findings are based on qualitative analysis and logistic estimation of a random utility model. Households with higher incomes appear less likely to participate; those with more labor are...

This article makes an initial attempt to design catastrophe (CAT) bond products for agriculture and examines the potential of these instruments as mechanisms for transferring agricultural risks from insurance companies to investors/speculators in the global capital market. The case of Georgia...

The purpose of this study was to evaluate the willingness of businesses directly dependent on ecotourism to pay for the protection of the environmental assets marketed as "ecotourism products." The open-ended contingent valuation method was employed to elicit willingness to pay (WTP) in the four...

The objective was to analyze the effects of country and firm specific factors on the return on equity in the beverage and tobacco and food and consumer products industries for eleven industrialized nations. The results indicated that country and firm specific factors were important in explaining...

It has become more and more difficult to recruit prospective American Ph.D. students in Agricultural and Applied Economics. The purpose of this study was to determine the extent of the problem, to ascertain why with respect to location and other important factors, and hopefully deduce recruiting...

Using live cattle production data from 1995 to 2001, we investigated live cattle supply represented by both net placement and marketings with two price expectation models, naïve and futures. The results show significant evidence of different price expectations when cattle feeders make decisions...

This paper illustrates the economic impact of the U.S. countervailing trade policy because of the European Union's failure to adhere to the dispute panel findings of the World Trade Organization (WTO) in the banana dispute. The United States subsequently imposed prohibitive tariffs (100% ad...