This article estimates factors that impact location decisions by new ethanol plants using logistic regression analysis and spatial correlation techniques. The results indicate that location decisions are impacted by the agricultural characteristics of a county, competition, and state-level...

Ethanol is one of the fastest growing industries in the U.S. agricultural sector. This study estimates factors that impact location decisions by new ethanol plants using logistic regression analysis and spatial correlation techniques. The results indicate that location decisions are impacted by...

The purpose of this paper is to examine the impacts that the National Flood Insurance Program (NFIP) has had on the costs of flooding and on their distribution among payers. This study thus probes the NFIP's financial impact, the centerpiece question about program effectiveness. For the...

Knowledge of low-income issues in floodplain management is spotty. Repeated flooding resulting from hurricanes striking North Carolina, and most recently Hurricanes Katrina and Rita, has raised concerns that vulnerable low-income communities may be more exposed to the devastating costs of...

This paper develops a model of optimal allocation of GM and non-GM crops under contamination risk. The model is used to compare the producer optimal crop allocation at equilibrium to the social efficient crop allocation. From the socially optimum conditions, the paper identifies production...

This paper extends the definition of economies of scope to multioutput firms that face an uncertain production environment. Identification of economies of scope in this environment, however, requires separability assumptions on the technology. These identification restrictions are demonstrated...

This paper extends the definition of economies of scope to multioutput firms that face an uncertain production environment. Identification of economies of scope in this environment, however, requires separability assumptions on the technology. These identification restrictions are demonstrated...

This paper uses Duffie and Singleton (1999) discount model for defaultable bonds to infer the presence of a preferential credit treatment (PCT) for Multilateral Development Banks (MDBs) in loss given default (LGD) space. The main inferences from the paper are twofold. -1- Lower lending fees in...

This article explores factors that explain the coexistence of public and private banks in the debt market. Starting from the objective function that underpins each institution type, the article identifies the sources of growth in a public bank relative to a private bank under the constraint that...

We derive optimal hedging ratios for interest rate risk under different assumptions that underpin the relationship between the forward rate and the expected future spot rate. In some instances, full hedging is optimal, and the conditions for the optimality of a partial hedge are identified. Less...