We analyze the problem of asymmetric information between buyers and sellers in cattle auctions, using the problem of revaccinations as the point of departure. We present a simple model to show that if buyers do not know and cannot verify whether sellers have vaccinated their animals, then they...

The paper analyzes the problem of asymmetric information between buyers and sellers in cattle auctions. An illustration is made regarding the vaccinations that the animals receive. Buyers do not know and cannot verify if sellers have vaccinated their animals forcing them to consider...

We examine empirically the relationship between happiness and the ethical decisions of individuals. We use data from the 1995-97 wave of the World Values Survey (WVS) to test the hypothesis that the relationship between happiness and ethics is bicausal in the sense that personal ethics affects...

The agricultural sector is very important for the Tunisian economy as it absorbs 10% of the total investment, generates 12% of the Gross Domestic Product (2002-2006) and employs 16% of the total labor force while the agro food exports represent 10% of the total export. The aim of this article is...

Changes in consumer demand for poultry meats can be characterized as evolving over time and following seasonal patterns. The focus of this study is on understanding factors affecting wholesale poultry prices. This information is needed so that poultry processors and poultry producers may better...

California Cap-and-Trade policy, sets a statewide limit on sources responsible for an estimated 85 percent of the state’s greenhouse gas emissions. To maintain the cap as per the policy, individual industrial facilities in California must obtain enough allowances to cover their emissions...

The United States is increasing its share in global production of olive oil along with other “New World†producers. Recently, the state of California, where most of the olive oil in the US is produced, approved new regulations governing the grades of olive oil, labeling, methods of...

Since their commercial introduction in 1996, genetically modified (GM) crops have been quickly adopted world wide, but some GM crops/varieties have not received regulatory approval for use in some importing countries, leading to asynchronicity in regulatory approvals. In this context, the...