While nearly instantaneous commodity futures price information provides price forecasts for national markets, many market participants are interested in forecasting local cash prices. Expected basis estimates are often used to convert futures prices into local price forecasts. This study...

The Internet is an efficient information search tool whose growth may have caused a structural change in information search and acquisition behaviors. This study investigates the effects of growing Internet accessibility on these behaviors. Using U.S. public library circulation counts to...

When consumers have heterogeneous perceptions about product quality, traditional parametric methods may not provide accurate marginal valuation estimates of a product’s characteristics. A quantile regression framework can be used to estimate valuations of product characteristics when...