During the financial downturn of 2008, asset classes that investors traditionally found to have low correlation with U.S. stocks became more highly correlated at the most inopportune time. Post-downturn, investors increasingly looked for alternative assets that offer diversification benefits,...

This paper examines the impacts of rising food prices on welfare of Mexican households by using LA/EASI demand system. Estimated welfare effects from food price increases differ considerably for two reference households. Lower-income reference household’s welfare loss, from a tortilla price...

The study applies quantile regression to identify determinants of the entire distribution of food expenditure, and quantify their effects amongGhana’s urban household subgroups. The results indicate that among the significant factors the largest effect in descending order havelocation, marital...

Hunting, fishing and wildlife-associated recreation expenditures have played an important role in the U.S economy and help promote conservation and environmental goals. The 2006 U.S Fish and Wildlife Service (USFWS) survey reported 87.5 million people aged 16 and above participated in...

To describe the effects of quantity and the exchange rate on prices in the U.S. open fish market, this study develops an augmented differential inverse demand model. The model is applied to the U.S. trout market for empirical analysis. The augmented differential inverse CBS demand system...

Following the completion of the implementation period for NAFTA, this market integration has influenced economic behavior in these markets. Given this assumption, this study identifies, ex-post, the effects of structural adjustment and tariff elimination on U.S. agriculture.

This study provides empirical evidence on whether corn, sorghum, oat, barley, wheat, rice, soybeans, cotton, and peanuts exhibit cyclical patterns in their historical prices. The results of time-series analysis support a newly added counter-cyclical payment in the Farm Security and Rural...

The U.S. fresh tomato industry has been growing significantly over the past several decades. However, as a net importer of fresh tomatoes, the United States imported 36% of total fresh tomato consumption in 2002. The objective of this study is to estimate U.S. demand for domestic and import...

Farm, wholesale and retail price relationships for U.S. hogs are analyzed. Price transmission estimates indicate partial adjustment in each market category when price changes in any other market. This implies imperfect price transmission between the market levels. Tests of Granger no-causality...

Replaced with revised version of paper 02/11/04.