Ethanol policies have contributed to changes in the levels and the volatilities of revenues and costs facing ethanol firms. The implications of these policies for optimal investment behavior are investigated through an extension of the real options framework that allows for the consideration of...

Columbia County Bounty is a local organization made up of farmer and culinary business members, with a mission that includes promoting connections between local agricultural producers and culinary businesses. A case study was conducted to address questions raised by CCB related to expanding...

A hedonic cost function is used to isolate the O&M costs for water treatments. For small systems, costs are substantial for some technologies, but not for others. Financial burdens may still be substantial for small systems; rural systems have some cost advantage given input costs relative to...

This paper outlines a method to determine the tradeoff between economies of size in water treatment and diseconomies of distribution. Empirical results for New York are used to identify the implications for the rehabilitation and consolidation of rural water systems. -

Previous constant-parameter demand models have estimated generic advertising elasticities for cheese to be below that for fluid milk. We relax this assumption, allowing for generic advertising response to vary over time. Cheese advertising elasticities were found below fluid milk up until the...

A panel data Tobit model is developed to examine the household purchase process for a frequently purchased commodity. The proposed model accounts not only for censoring or sample selectivity, but also the temporal dependence of the purchasing process using household panel data. The flexible...

TIrroughout the debate over re-authorization of the Safe Drinking Water Act (SDWA), it has been clear that members of both Houses of Congress are keenly aware of the financial burden facing the owners of small water systems in their efforts to comply with the 1986 and future amendments to the...