The Gulf of Mexico (GOM) is the primary producer of shrimp in the United States and annual production from this region has remained relatively constant over the past several decades. By comparison, U.S. shrimp imports have increased from about 400 million pounds annually during the early 1990s...

If relative prices of goods within a commodity group are constant, Hicksian separability lets the price of a single good represent the group price level. This is relied on by designers of price questionnaires used in household surveys and by methods of estimating demand systems from household...

Investigating incentives, through valuation context and questions, that motivate respondents to reveal their true values for environmental good under consideration has been a long-standing area of research in stated preference literature. A large number of previous non-market valuation studies...

We develop a theoretical and empirical model to measure the benets and costs of policy options for controlling a seedborne, imported fungus, Verticillium dahliae, seriously aecting lettuce production in California. In 1995, the disease Verticillium wilt, caused by the fungus V. dahliae,...

While considerable research has estimated liquidity costs of futures trading, little comparable research is available about options markets. This study determines effective bid-ask spreads in options and futures markets for Kansas City Board of Trade (KCBT) wheat. Effective bid-ask spreads are...

In this paper we examine the empirical pattern of sales behaviour among the UK’s seven largest retail chains using a scanner dataset of weekly food prices on over 500 products over a 2.5 year period. Motivating the analysis is the question ’are products more likely to go on sale that longer...