Agricultural land markets differ greatly from the textbook-case of perfect competition. This is why standard hedonic pricing techniques should be revised before applying this technique to this market. The objective of this paper is to determine (a) the deviation from the competitive market price...

There have been dramatic structural changes in the U.S. hog industry in the last two decades that have coincided with substantial increases in farm productivity. This study used a stochastic frontier analysis to measure TFP growth between 1992 and 2004 and to decompose the TFP growth into four...

Valuation of environmental regulations and policy changes is usually focused on the achievement of economic efficiency or potential Pareto improvement (PPI): a proposed change or policy is accepted if those who gain from carrying out a specific project or policy could, in principle, compensate...

The obesity epidemic in the US and elsewhere has re-doubled efforts to understand determinants of the quality of consumers' diets. Part of the discussion has centered on the potential of "fat taxes" and/or the subsidization of the purchase of fresh fruits and vegetables to coax consumers to...

We analyzed the effects of Brazil and Argentina's currency devaluation on the U.S. soybean import demand in major importing countries. Results indicate that nominal exchange rates between the United States and importers affect the U.S. soybean export market. Additionally, we found evidence that...

This study examines if social capital has a role to play in environmental Kuznets curve estimation. It uses information from the World Values Survey to extract the variables representative of the social capital to develop an index using a principal component analysis. Estimation involves the use...

With increasing interest in renewable energy from agriculture, including biopower and cellulose ethanol, several aspects of the industry must be understood. Study of the organization of the biopower industry represents an under researched area and a new application of transaction cost theory to...