Invasive insect species cause billions of dollars of direct and indirect damage to U.S. crops each year. The market for insuring insect damage is, however, far from complete. The objective of this study is to design and value insect derivatives, or "bug options," which would offer growers a...

We compare the financial benefits of displacing oil using three alternative-vehicle technologies: natural gas (NGVs), battery-electric (BEVs), and plug-in hybrid electric vehicles (PHEVs). On a cost-per-barrel basis, NGVs would be the least expensive way to displace oil, while PHEVs would be the...

One of the goals of the U.S. ethanol mandate is to reduce fossil fuel use in the transportation sector. But some critics of the mandate argue that a more efficient way of reducing fuel consumption would be to focus on improvements in fuel efficiency of motor vehicles. We consider the time span...

If ethanol were to be produced in a truly sustainable manner, it would take all the corn in the United States to displace about 3.5 percent of our gasoline consumption. Furthermore, ethanol would not necessarily be a more reliable source of fuel. By displacing gasoline with ethanol, we are...

We evaluate the impact of the rise in food prices during 2006-2008 on the poverty and extreme poverty rates in Mexico. We concentrate on the poor’s consumption of staple foods, and analyze the change in their consumption brought about by changed prices. We also allow households receiving...

We analyze the stock price impact of firms' U.S. cross-listing on home-market rival firms. Using an empirical event study approach we find negative cumulative average abnormal returns for the rival firms. The evidence suggests that the dominant effect is that investors see rivals as at a...

We analyze the stock price impact of firms’ U.S. cross-listing on home-market rival firms. Using an empirical event study approach we find negative cumulative average abnormal returns for the rival firms. The evidence suggests that the dominant effect is that investors see rivals as at a...

We evaluate the impact of the rise in food prices during 2006-2008 on the poverty and extreme poverty rates in Mexico. We concentrate on the poor’s consumption of staple foods, and analyze the change in their consumption brought about by changed prices. We also allow households receiving...

We study the factors that affect the number of coronavirus (COVID-19) deaths among low-income and high-income countries. Low-income countries report a significantly lower average number of deaths at 20 and 40 days post the first five deaths compared to high-income countries. We focus on factors...

We analyze the stock price impact of firms' U.S. cross-listing on home-market rival firms. Using an empirical event study approach we find negative cumulative average abnormal returns for the rival firms. The evidence suggests that the dominant effect is that investors see rivals as at a...