Over the last 20 years, consumers have spent a declining portion of their income on food for consumption at home, while the share of income spent on meals purchased at restaurants, cafeterias, and fast-food chains has held constant This article attempts to explain this phenomenon by estimating a...

Over the last two decades, the number of U.S. cottonseed processing plants has declined drastically. The realization of scale economies by expanding plant size is shown to be a basic reason for this decline. The analysis is performed by estimation of a nonhomothetic translog cost function to...

The general purpose of the voluntary anti-inflation program was to limit price increases in markets where firms have discretionary price-setting power Results suggest that the program was partly successful with respect to some domestic food markets Retail prices for cereals and bakery products,...

The domestic peanut industry has operated under Government programs for over 40 years, programs designed primarily to Increase producers' Income The author evaluates effects of these controls on the Industry and provides an estimate of their indirect costs to consumers The major novelty of the...

A supply-shift concept of food price inflation is offered as an explanation of why food prices have increased in recent years. This view is consistent with cost-push theories of inflation. The effects of higher farm product prices on food prices are analyzed using Pascal distributed lag models...