The modern theory of demand which underlies much of economic analysis of consumer behavior is based on the premise that consumption goods are pure and do not involve risks. However, that is clearly not the case where concerns about food safety are involved. The awareness of linkages between...

This paper investigates the deindustrialization and welfare effects of infrastructure aid in developing countries. In the short run, cost-saving infrastructure aid in the export sector increases the domestic wage rate, whereas the same aid in the import sector lowers it. The cost of nontraded...

Cross-pollination can be caused by birds, insects and wind. Genetically modified (GM) seeds are produced each year in a controlled environment to maintain their purity. However, pollen from the GM crop can be transferred to traditional crops. When the GM crop producers are in long-run...

We estimate a simultaneous bivariate qualitative choice model of Arizona agribusiness firms propensity to trade and visit as a tourist with the cross-border state of Sonora, Mexico. The trade equation is estimated as an ordered probit model with responses of: 1) a firm has not ever traded or...

Using 5 minute data, we examine market volatility in the Dow Jones Industrial Average in the presence of trading collars. We use a polynomial specification for capturing intraday seasonality. Results indicate that market volatility is 3.4 percent higher in declining markets when trading collars...

Using insights from economics, pediatrics, psychology, and sociology, this paper examines the effects of income, income inequality, neighborhood characteristics, maternal health, the participation in religious services, breastfeeding, household smoking, and racial/ethnic composition of...

Households plan strategically for facing risks associated with livelihood security. Choosing a particular set of coping strategies depends on a number of factors including the types of crisis households face and options available. Often, poor households risk future income generating capacity for...

We estimate a simultaneous bivariate qualitative choice model of Arizona agribusiness firms propensity to trade and visit as a tourist with the cross-border state of Sonora, Mexico. The trade equation is estimated as an ordered probit model with responses of: 1) a firm has not ever traded or...

The impact of international trade on the level and distribution of income has been the field of focus in international economics. There have been empirical studies supporting and opposing trade openness but most of the studies drew the results from cross sectional data. In this study, we use...

A supply-response model for Florida fresh tomatoes is specified to analyze the impacts of the U.S. Department of Commerce's suspension agreement which governs imports of fresh tomatoes from Mexico. The particular focus is on the impact of the "reference" price which causes Mexican imports in a...