Flint changed its public water source in 2014, causing severe water contamination. We estimate the effect of in utero exposure to polluted water on health at birth using the recent Flint water crisis as a natural experiment. Matching vital statistics birth records with various sources of data,...

Food environment includes the presence of supermarkets, restaurants, warehouse clubs and supercenters, and other food outlets. This paper evaluates weight outcomes from a food environment using a stochastic production frontier and an equation for the determinants of efficiency, where the...

This paper examines the spillover effects of television brand advertising on consumer demand for carbonated soft drinks using a nested logit model and household purchase and advertising data from nine U.S. cities over a three year period. Spillover effects are modeled using the conventional...

Purpose – Corporate risk management is one of the critical concerns of managers when they make investment allocation decisions among multiple projects. The purpose of this paper is to address corporate investment issues illustrated by target-beating in capital budgeting, and further discuss...

This paper studies a continuous-time market where an agent, having specified an investment horizon and a targeted terminal mean return, seeks to minimize the variance of the return. The optimal portfolio of such a problem is called mean-variance efficient \`{a} la Markowitz. It is shown that,...