The nonparametric approach to consumer-demand analysis-based on revealed-preference axioms-is reviewed. Particular attention is paid to questions of size and power of tests for consistency of data with the existence of a stable, well-behaved utility function that could have generated the data....

This study compares two panel data sets that measure capital input at the state-level in U.S. agriculture. Despite a number of similarities between the data sets, such as the composition of assets, aggregation procedures, and time frame, an examination of the final estimates of capital service...

Marketing systems using non-transferable or imperfectly transferable quotas induce shifts in supply as well as shifts along supply functions. There are social costs associated with these shifts which are additional to those normally recognised in the literature. To reduce the size of the shifts...

The literature on measuring the size and distribution of returns to research has paid increasing attention of late to questions that require a multimarket framework. These questions include the distribution of benefits among stages of a multistage process or among factors of production (i.e. the...

Rates of obesity among adults and children in the U.S. are soaring, with potentially huge private and social costs. Increasing attention is being paid to agricultural policies as both the culprits through their perceived roles in reducing the relative prices of energy-dense foods, and as the...

This paper explores the hypothesis that livestock market reporters tend to err towards the middle of the actual range when estimating carcass weight and fat depth. Trial data for pigs support the hypothesis and indicate that reporters' estimates may be significantly biased in some extreme weight...

A common observation is that measures of productivity growth are pro-cyclical, meaning they are higher (or grow faster) on average during periods of economic expansion than during periods of economic contraction. This study focuses on measurement errors related to capital inputs as an...

Food safety shocks can threaten the health of consumers, create havoc within an industry and result in severe losses to producers. Governments often attempt to enhance food safety by mandating standards and inspection of food products to supplement the voluntary efforts by private firms. This...