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Many group decisions begin with small coalitions that recruit additional members until they satisfy a voting rule. This paper introduces a technique for measuring coalition formation in group decision making. The setting involves N players bargaining over the share distribution of an asset. The...
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Directed graphs and autoregressive conditional heteroskedastic error processes are used in the specification and estimation of an ocean grain rate equation. Results show voyage distance, ship size, contract terms, flag and season are important explainers of rates, as is ship tonnage contracted...
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This article considers methods of cointegration testing to construct a model of Zimbabwe 's corn sector. Corn production, sales of corn to the government, the price of corn, and price of beef are linked together in one long-run equilibrium (cointegrating) relation. Only the price of beef is not...
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A spatial, multiproduct equilibrium model featuring United States-Mexico long-grain rice trade is developed to determine the effect of removing Mexico's rice tariffs in 2003 on U.S. rough and milled rice exports to that country. Analysis considers rice milling costs and yields in the United...
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