The dispute between the US and EU over GM foods at the WTO is examined in terms of the issues it raises about protectionism and environmental protection and precaution. The issue of whether GM, GM Derived and Non-GM foods are equivalent to each other is examined using data from a national choice...

Accurate forecasts of energy demand are required for public policy formation, but estimation of the residential demand for electricity presents a number of conceptual and statistical problems. This paper focuses on two interrelated issues in electricity demand analysis: model specification with...

This paper is published in full in European Review of Agricultural Economics Vol 28(4) (2001) pp.479-498 http://erae.oupjournals.org/content/vol28/issue4/

This study, using a survey of rural households in Zimbabwe in 1990 j91, focuses on the effects of changing household composition on patterns of expenditure and provides estimates of the 'cost of a child' as well as of family members in other age groups. In addition to age differences in the size...

The dispute between the US and EU over GM foods at the WTO is examined in terms of the issues it raises about protectionism, environmental protection and precaution. The issue of whether GM, GM Derived and Non-GM foods are equivalent to each other is examined using data from a national choice...

In the present study, the consumption data of paddy and wheat growing farm households were analysed using the Almost Ideal Demand System (AIDS) model, incorporating the household composition in addition to the usual price/income variables. Although the general restrictions of demand theory were...

Duration Analysis, which allows the timing of an event to be explored in a dynamic framework, is used to model the adoption of organic horticultural technology in the UK. The influence of a range of economic and non-economic determinants is explored using discrete time models. The empirical...

Recent evidence shows that mutual funds collectively buy overvalued stocks. I hypothesize that aggregate mutual fund alpha partly arises from such stocks becoming even more overvalued and thus is a measure of market overvaluation. A one-standard-deviation increase in aggregate alpha corresponds...

Sentiment should exhibit its strongest effects on asset prices at times when valuations are most subjective. Consistent with this hypothesis, we show that a one-standard-deviation increase in aggregate uncertainty amplifies the predictive ability of sentiment for market returns by two to four...