This paper investigates the effect of physical position on ‘best’ and ‘worst’ choices in the bestworst scaling technique. Although the best-worst scaling technique has been used widely in many fields, the phenomenon of consumers’ adoption of processing strategies while making choices...

I derive and test predictions from the classic Mussa and Rosen (1978) second-degree price discrimination model using data from the United States clothes washer market. I find evidence consistent with price discrimination in the market response to energy efficiency policy changes. Concurrent with...

We develop a new parametric bootstrap-based statistical test for presence of futures price and options-based implied volatility biases. The new test is applicable to data with overlapping prediction horizons. Information on anticipated volatility embedded in options prices is explicitly used...

The adoption of new technologies by farmers may impact the environment, and hence affect consumer welfare. This channel of impact is seldom assessed in the literature, especially when the production technologies adopted are not labeled on the consumption goods, and as a result are not directly...

The recent global financial crisis and the subsequent economic recession have revitalized the discussion on the causal relationship between financial and economic sectors. This study examines financial and economic indices developed by the Federal Reserve Banks of Kansas City and Chicago,...

In this research, we propose a framework to connect SWAT model with a dynamic discrete choice based land use model. With the recent years of cropland data layers published by NASS, USDA and data complied from other sources, we apply this framework to land use change in Upper-Mississippi River...

The objective of this research is to estimate the economic impact of climate change on tea production in China. We use historical weather and production data from 1980 to 2011 to construct a yield response model from panel data that estimates the partial effect of specific weather factors on tea...