Economic literature on real estate markets, especially that on house prices, shows that houses cost more in better school districts. This paper evaluates the effect of open-enrollment (OE) in public school districts on house prices. We demonstrate a way for removing unobserved heterogeneity for...

Classification and Regression Trees (CART), a computer intensive nonparametric classification method, was used to model weekly Los Angeles wholesale prices (1990-93) for twelve different melon types. CART explained more of the variation in melon prices than did an ordinary least squares (OLS)...

Farm size and production costs are varied in a six state variable stochastic dynamic programming model that quantifies monthly hedging, storage, and cash cotton sale decisions for an Alabama cotton producer. State variables considered are: (1) cash cotton price; (2) basis level; (3) before-tax...

Sales of organic milk in mainstream supermarkets have grown over the last 8 years, reaching $75.7 million in 1999, as more organic milk processors enter the market and more mainstream supermarkets sell organic products. National-level scanner data for mainstream supermarkets are employed to...

Sales of organic milk in mainstream supermarkets have grown over the last 8 years, reaching $75.7 million in 1999, as more organic milk processors enter the market and more mainstream supermarkets sell organic products. National-level scanner data for mainstream supermarkets are employed to...

This article applies recent developments in time-series modeling to analyze the retail prices of beef, pork, and chicken. Specifically, generalized autoregressive conditional heteroscedasticity (GARCH) models were fitted to these data to determine if, unlike more traditional time-series models,...

This study uses an error correction model (ECM) to investigate dynamics in farm-retail price relationships. The ECM is a more general method of incorporating dynamics and the long-run, steady-state relationships between farm and retail prices than has been used to data. Monthly data for beef and...

Fresh tomatoes are highly differentiated products: greenhouse and on-the-vine tomatoes are the most prominent new kinds of tomatoes. Scanner data were used to estimate a weakly separable, quadratic almost-ideal demand system. Uncompensated elasticities indicate (a) considerable own-price...

In this paper, we examine retail sales of organic and conventional frozen vegetables (broccoli, green beans, green peas, and sweet corn) using supermarket scanner data. Descriptive analysis includes comparisons of sales volume, prices, and market shares. Price and expenditure elasticities are...