Farm, wholesale, and retail prices for beef and pork show significant evidence of asymmetric price interactions. All prices display greater sensitivity to price-increasing shocks than to price-decreasing shocks. The farm beef price, in particular, reacts faster to wholesale price increases than...

An elasticity of retail sales with respect to farm, manufacturing, and transfer income is estimated for three community sizes and seven types of retail businesses. The results indicate the aggregate marginal propensity to consume retail goods locally decreases in the smallest communities and...

This paper develops and applies an export-side international trade model to analyze economic gains resulting from trade liberalization in the world wheat market. Major policy variables in the analysis include the removal of producer and consumer subsidy equivalents in industrialized countries....

The Fisherian hypothesis was tested for four regional agricultural interest rates in the 11th Federal Reserve District (Dallas). These interest rates represented agricultural loans of different terms to maturity. Shocks in expected inflation resulted in positive but less than equivalent...

The Staggers Rail Act (1980) permitted confidential railroad contracts. Legislation later required disclosure of certain contract terms to allay small shippers' claims of injury. This study uses experimental economics to analyze the effects of information disclosure. The oligoplastic market...