This study alerts researchers and policy makers to the importance of the price effect of bottle size in an economic evaluation of using bottled water as a means to avoid health risks from drinking home tap water. It derived a proxy for the economic value of smaller bottle size by analysing a...

An almost ideal demand system was estimated to examine the impacts of low carbohydrate information on the demand of vegetables in the United States. Analysis was extended to examine the performance of alternative carbohydrate information indices. Results show significant impacts of low...

Developing a dairy supply model assuming deterministic trend and seasonality a priori could lead to model misspecification. A structural time series methodology was used to examine the role of stochastic trend and seasonality in a dairy supply response model using quarterly time series data....

Swine supply response was analyzed using a structural time series model (STSM) with both seasonal and yearly effects introduced stochastically. Swine production is divided into four production phases. Parameters of each phase were then estimated using a structural time series model....

This primary objective of this study was to examine whether nostalgia plays any role in determining the demand for wilderness recreation using onsite survey data from Cheaha Wilderness in Alabama. In addition, an attempt was made to determine the impact of past wilderness experience and current...

We assessed the impacts of low carbohydrate information on the market demand of US fruits using almost ideal demand system, Rotterdam and double-log models. Results indicated significant positive impacts of low carbohydrate information on the market demand of grape and lemon. However, a...

This article analyses historical movements in the commodity futures market and its relationship to inflation. Specifically, the relationship between the Commodity Research Bureau (CRB) index and US inflation is investigated. The results show that the CRB index continues to be an effective early...

This article suggests an explanation as to why relatively prosperous societies in the 1500s were unable to protect themselves from the colonialist powers. It reasons that while the prevalence of institutions fostering mutual trust among citizens allowed the earlier prosperous societies to...