This paper develops and applies a methodology to assess the accuracy of historical loss-cost rating procedures, similar to those used by the U.S. Department of Agriculture’s Risk Management Agency (RMA), versus alternative parametric premium estimation methods. It finds that the accuracy...

Immigration reform is the most polarizing legislative issues in the US. Surprisingly, despite regular polling evidence of the American public's attitudes towards immigration reform proposals, little evidence has elicited the preferences of the group most affected by any policy changes - legal...

Prevalence of local foods is believed to answer several food issues one of which is health and nutrition. This study focused on the on the availability of local foods to consumers and see its relationship with two specific diet-related diseases namely, obesity and diabetes. Other variables were...

This study analyses the economic value of various components of the Certified South Carolina Grown Campaign from the perspective of participating restaurants. A stated-preference choice experiment was conducted as part of the restaurant survey to estimate the willingness to pay (WTP) for each...

The main goal of this was to examine the impact of the SNAP program on the allocation of food and nonfood spending expenditures across six subgroups: food, utilities, apparel, transportation, medical care, and other nonfood spending. The empirical analysis is conducted using a consumer demand...

The main objective of this study was to analyze the effect of advertising on social welfare in a perfectly competitive market where the level of advertising is chosen by a social planner. The theoretical model revealed that social planner sponsored advertising that increases the equilibrium...

This paper analyzes the effect of labeling information on U.S. farmers’ herbicide choices. Herbicide choices reported by U.S. soybean farmers are used to estimate farmer preferences for different herbicide attributes using a mixed logit model. Our results indicate that statements...