This paper provides a theoretical explanation for the sensitivity of technical efficiency measures to the choice of functional specification in stochastic production frontier models. It is shown that inappropriate functional specifications translate into a misspecification in the conditional...

We develop a tractable theoretical framework for analyzing the effect of advertising efficiency and spillovers on productivity growth in advertising. Maintaining the separability assumption between sales and production technology, the proposed methodology relies on sales cost function...

The Greek processed meats industry is examined. Firm-level data on sales, media advertising, and production of different products were used to evaluate the terms for competition and determine the relationship between structural and conduct determinants during the period of 1983 to 1995. In...

This paper builds on the literature on the economic effects of the second-generation, consumer-oriented genetically modified products (GMPs). It analyses the market and welfare impacts of the introduction of these new products in markets, like the EU, that mandate the segregation and labelling...

The paper examines the economic effects of labeling of food nanotechnology products using an analytical framework of heterogeneous consumers and imperfectly competitive suppliers. Labeling results in increased costs for nanofood producers that in turn increase nanofood prices and reduce their...

This study provides a new framework of analysis of the market and welfare effects of mandatory country of origin labeling (MCOOL) for fruits and vegetables that accounts for heterogeneous consumer preferences for domestic products, differences in producer agronomic characteristics, and retailer...

This paper analyzes the strategic effects of national regulatory decisions on labeling of GM products and identifies the determinants of the noncooperative Nash equilibrium labeling regimes in a small number of producing countries that have adopted the GM technology. Analytical results show that...

This paper analyzes the market and welfare effects of the introduction of GM products in small open developing economies that, prior to the adoption of GM crops, were net exporters of non-GM products. It explicitly accounts for differences in consumer attitudes towards GM products and producer...