The dynamics in stock returns and the market return for 21 food and agribusiness firms are estimated in a threshold switching-regression framework. Threshold adjustment levels and capital asset pricing model risk parameters are estimated and tested. Results indicate risk parameters differ for...

This paper shows that spatial panel data models can be successfully applied to an econometric analysis of farm-scale precision agriculture data. The application focuses on the estimation of the effect of controlled drainage water management equipment on corn yields. Using field-level precision...

The CES is generalized by extension of the work of Hanoch (1975) resulting in implicit, direct and indirect relationships between utility and consumption. Expressions for substitution and income elasticities are developed and observed to be variable, rather than constant as in the CES case.

Precision technologies are now well-integrated into the agricultural industry – both at the farm level and at the crop input dealer level. No longer are crop input dealers only using the technologies to bring new services to their customers, they are also utilizing the technology in their own...

Prior research presumes that the U.S. livestock feed demand for dried distillers grains with solubles (DDGS) can accommodate the rapid growth in DDGS production. The objective of this work is to reexamine the market potential for DDGS by considering factors that limit the adoption rate of DDGS....

The paper starts with a discussion of a conceptual model of location factors in U.S. manufacturing investment at the state level. The purpose of the paper is to test the relative importance of growth factors influencing investment and whether or not they have changed in importance over time....

Climate change, the ‘boom and bust’ cycles of rivers, and altered water resource management practice have caused significant changes in the spatial distribution of the risk of flooding. Hedonic pricing studies, predominantly for the US, have assessed the spatial incidence of risk and the...

Feed, processing capacity, population density versus animal density, and environmental capacities are the four different dimensions of livestock location and growth potential analyzed for Indiana. These four dimensions provide livestock producers, government officials, and livestock associations...

One of the most successful genetically modified crops is Bt corn, which has been modified to produce proteins from the soil bacterium Bacillus thuringiensis (Bt). These proteins are toxic to specific pests such as the European Corn Borer (ECB) and the corn rootworm (CRW). These Bt crops are...

This paper presents and analyses economic data on 167 international cartels that were discovered by antitrust authorities after January 1990. The median cartel had five corporate members and generated $1.2 billion in sales during the collusive period. Nearly 40% of affected sales occurred in the...