The effects of advertising are examined in a dynamic almost ideal demand system, applied to weekly demands for six fresh-vegetable groups in Norway. A number of restrictions regarding dynamics, advertising, homogeneity, symmetry and seasonality are tested. The static almost ideal demand system...

Health concerns are thought by many to have shifted consumption away from red meats, though econometric evidence is mixed. Testing for structural change is difficult, especially when on e time series is used for both estimating demand equations and testin g their stability. Specification errors...

Interest-bearing checkable deposits are examined to test whether they should be included in measures of the U.S. money stock. Both Divisia and traditional simple-sum aggregates are constructed on the basis of tests for weak separability in a model of the demand for financial assets. Using...

Lead and lag relationships between money, wages, and prices are examined using A ustralian data. Granger causality tests support univariate causality running from money to both wages and prices. This result is consisten t with a monetarist explanation of inflation. Copyright 1987 by The Economic...

Some marketing orders allow an agricultural industry to regulate the flow of product to market. We examine a more common, but less controversial, aspect of marketing orders, the setting and enforcement of grades, and show that purposefully introducing error into the grading process reduces...

In December 2003, Congress passed the Fair and Accurate Credit Transaction Act (FACTA) giving US consumers the right to request free annual credit reports. In compliance with this legislation three major US credit bureaus (Equifax, Experian, and TransUnion) began offering free copies of their...

More than two million acre-feet (MAF) of water transfers from agriculture to urban and instream are discussed and debated in California. We use a regional agricultural production and water transfer model to evaluate potential third party impacts of transferring one MAF of water from the Central...