Little progress has been made in testing the often conflicting hypotheses generated from theoretical research on cooperatives. This paper addresses the deficiency by describing and applying (to California cotton ginning cooperatives) a methodology to test key hypotheses concerning (a)...

Taiwan is a major importing country of US fruits. This study examines the market competitiveness and consumer preferences of US fruits in Taiwan using cross-sectional data. Results indicate that for either retailers or consumers, imported US fruits compete favorably with domestic grown fruits in...

This paper develops and applies a methodology to test for efficiency of interregional commodity arbitrage. Application of the methodology requires only time-series data on prices for alternative cities, regions, countries, or product forms. Yet, the approach is capable of generating evidence on...

A recurring concern in TOD pricing studies has been that short term experimental TOD rates may not stimulate as much conservation as would occur if TOD rates were implemented on a permanent basis. That is, how accurately do experimental TOD pricing results extend to nonexperimental settings? The...

Many important hypotheses in applied economics depend upon the magnitude of estimated elasticities or flexibilities. However, their statistical properties are unknown for many popular models, making standard statistical inference impossible. This problem is addressed in the present paper which...

Bootstrapping procedures are used to estimate the statistical properties of common empirical welfare measures. Results from a Monte Carlo experiment indicate that welfare estimates such as Marshallian consumer surplus often exhibit significant bias. Standard errors of welfare estimates are found...

Cost containment is a concern for the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), a Federal food assistance program providing participants with key foods and beverages. Since WIC is not an entitlement program, the amount of aid available to cover those who are...