This paper analyzes the household level impact of an increase in price of major tradable staple foods in a cross section of developing countries, using nationally representative household surveys. We find that, in the short term, poorer households and households with limited asset endowments and...

Latent demand models can be used to overcome computational difficulties that frequently hamper empirical evaluation of relatedness in the adoption of multiple technologies. This paper develops and applies such an approach to a case involving agricultural soil and water conservation. The results...

This paper examines how certain new structural factors have contributed to the latest great financial crisis and world recession of 2008-09. We focus on three of these structural factors: (i) the incorporation of highly populated countries into the growth process; (ii) The increasing scarcity of...

This paper presents a unified treatment of the production and financial decisions available to a firm facing frictionless financial markets and a stochastic production technology under minimal assumptions on the firm's stochastic technology and objective function. The key concept is that of a...

The current agricultural marketing literature has considerable controversy about the optimal use of hedging for farmers. Much of this literature has very limited data on farmer behavior and an evaluation of the outcome of this behavior. This paper uses data from a hedging game from Maryland...

Directed Acyclic Graphs (DAG's) and Error Correction Models (ECM's) are employed to analyze questions of price discovery between spatially separated commodity markets and the transportation market linking them together. Results from our analysis suggest these markets are highly interconnected...