In 1996, Bt cotton became one of the first genetically engineered crops to be available commercially. This study focuses on the various sources and quality of information about Bt cotton profitability available to farmers in the Southeast and assesses the relative importance of such information...

Cointegration methods are increasingly used to test for market efficiency and integration. The economic rationale for these tests, however, is generally unclear. Using a simple spatial equilibrium model to simulate equilibrium price behavior, it is shown that prices in a well-integrated,...