Few proposed types of derivative securities have attracted as much attention and interest as option contracts on volatility. Grunbichler and Longstaff (1996) is the only study that proposes a model to value options written on a volatility index. Their model, which is based on modeling volatility...

Since the mid 1980s Latin American and Caribbean countries have unilaterally liberalized their economies and have started a new wave of economic integration that led to the establishment of 25 trade agreements between 1990 and 1994. The Group of Three (G-3) Free Trade Agreement, comprising...

Consumer and public policy interests in local food systems have increased sharply in recent years. Utilizing a unique data set from a six-county region in Northern New York, an empirical model of vendor performance satisfaction is developed as a function of market, vendor, and customer...

This paper addresses the broad question ofwhere to locate authority for tropical biodiversity conservation considering: (1) community-based natural research management (CBNRM) overreaches the indisputable place of local communities in tropical conservation efforts; (2) the most promise for...

Reforestation programs are a common policy response among developing country governments in the tropics attempting to deal with environmental and economic problems caused by widespread deforestation. The objective of this paper is to examine participation by small-and medium-sized farms in two...

The relationship between complete-feed prices and ingredient prices are estimated to analyze the effect of higher commodity prices on feed costs, with particular attention to the substitutability of corn distillers dried grains with solubles (DDGS). Using an historical positive price correlation...