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Rosen, Sherwin; Murphy, Kevin M.; Scheinkman, José … - 2022

U.S. beef cattle stocks are among the most periodic time-series in economics. A theory of cattle cycles is constructed … evolution of cattle stock and beef consumption. These compare very closely to structural econometric time-series estimates over … the demographic structure of the herd to respond cyclically to exogenous shocks in demand for beef and in production costs …

Persistent link: https://www.econbiz.de/10013308616

Is American Pet Health Care (Also) Uniquely Inefficient?

Einav, Liran; Finkelstein, Amy; Gupta, Atul - 2021

We document four similarities between American human healthcare and American pet care: (i) rapid growth in spending as a share of GDP over the last two decades; (ii) strong income-spending gradient; (iii) rapid growth in the employment of healthcare providers; and (iv) similar propensity for...

Persistent link: https://www.econbiz.de/10013224107

Dynamic Equilibrium Economies : A Framework for Comparing Models and Data

Diebold, Francis X.; Ohanian, Lee E.; Berkowitz, Jeremy - 2021

Many recent theoretical papers have come under attack for modeling prices as Geometric Brownian Motion. This process can diverge over time, implying that firms facing this price process can earn infinite profits. We explore the significance of this attack and contrast investment under Geometric...

Persistent link: https://www.econbiz.de/10013310260

Poisoned Grapes, Mad Cow, and Protectionism

Engel, Eduardo M. R. A. - 2021

British beef exports did not constitute a protectionist measure, while the US ban on Chilean fruit possibly classifies as such …

Persistent link: https://www.econbiz.de/10013220395

Is the Fda Too Conservative or Too Aggressive? : A Bayesian Decision Analysis of Clinical Trial Design

Montazerhodjat, Vahid - 2015

Implicit in the drug-approval process is a trade-off between Type I and Type II error. We explore the application of Bayesian decision analysis (BDA) to minimize the expected cost of drug approval, where relative costs are calibrated using U.S. Burden of Disease Study 2010 data. The results for...

Persistent link: https://www.econbiz.de/10013016659

Collective Reputation in Trade : Evidence from the Chinese Dairy Industry

Bai, Jie; Gazze, Ludovica; Wang, Yukun - 2022

Collective reputation implies an important externality. Among firms trading internationally, quality shocks about one firm’s products could affect the demand of other firms from the same origin country. We study this issue in the context of a large-scale scandal that affected the Chinese dairy...

Persistent link: https://www.econbiz.de/10013323446

Public or Private Production of Food Safety : What Do U.S. Consumers Want?

Smith, V. Kerry - 2010

This paper reports estimates of consumers' preferences for plans to improve food safety. The plans are distinguished based on whether they address the ex ante risk of food borne illness or the ex post effects of the illness. They are also distinguished based on whether they focus on a public...

Persistent link: https://www.econbiz.de/10012758450

The Social Safety Net in the Wake of Covid-19

Bitler, Marianne - 2020

The COVID-19 crisis has led to spiking unemployment rates with disproportionate impacts on low-income families. School and child-care center closures have also meant lost free- and reduced-price school meals. Food prices have increased sharply leading to reduced purchasing power for families'...

Persistent link: https://www.econbiz.de/10012823752

Is Fish Brain Food or Brain Poison? Sea Surface Temperature, Methyl-Mercury and Child Cognitive Development

Rosenzweig, Mark R.; Santos, Rafael J. - 2022

We exploit variation in the composition of local fish catches around the time of birth using administrative and census data on adult cognitive test scores, schooling attainment, and occupation among coastal populations in Colombia to estimate the causal effects of early-life consumption of...

Persistent link: https://www.econbiz.de/10013299204

The Effects of Government Licensing on E-Commerce : Evidence from Alibaba

Jin, Ginger Zhe; Lu, Zhentong; Zhou, Xiaolu; Li, Chunxiao - 2022

Using proprietary data from Alibaba, we examine how the 2015 Food Safety Law (FSL) affects e-commerce in China. The FSL requires most food sellers on e-commerce platforms to obtain a valid, online license for retail food handling. Because the FSL was rolled out progressively, we have a rare...

Persistent link: https://www.econbiz.de/10014092962