Nine mid-western states have laws that restrict the involvement of publicly held corporations in agriculture. Opponents argue that the laws' direct efforts to regulate ownership structure may have an adverse indirect impact on size structure. Restricting corporate involvement might stifle the...

This study's findings, together with the results of earlier studies of the relationship between advertising and market prices, provide considerable empirical support for the pro-competitive view of seller advertising. Data on attorney fees and advertising practices in seventeen metropolitan...

Abstract Currently Unavailable.

Focuses on the measurement of market power in the beef processing industry in the United States. Causal linkage between concentrated industrial structure and antisocial economic performance; Structure-conduct-performance paradigm; Basic model for fed-cattle studies.

A 1979 U.S. Surgeon General's report provided the first conclusive public information of nicotine's addictive effects. We test the hypothesis that cigarette demand was of a "myopic" nature prior to 1979, but forward-looking, or "rational," thereafter.

This comment corrects some errors of analysis contained in a 1993 paper by Carey in the Journal of Industrial Economics.

Abstract Currently Unavailable.

Recent changes in data collection methods have facilitated controlled market tests of household responses to food commodity promotion. The use of scanner checkout systems in stores now provides an opportunity for detailed tracking of food purchases by individual test participants. In principle,...

Empirical studies of substitutability among monetary assets generally ignore financial instruments that only recently have become prominent. We remedy this deficiency by investigating substitution behavior within a portfolio of near-monies, including money market accounts and interest-bearing...

Exports of agricultural commodities to developed countries play a significant role in the economies of many developing countries.  The elimination of import tariffs has the potential to benefit producers in the developing countries, but estimates of the extent of the gains from trade...