We estimate both averting behavior and stated preferences about water quality improvements in the southeastern Anatolian region using reduced form equations. The model reveals that income, education, perception about water features, household living conditions, regional variables are only...

Peanut paste/butter consumption frequency in the Republic of Uganda is analyzed using a household survey data. Estimation results from Zero-inflated Binomial regression conclude that education, household location, color of peanut paste, etc. are important. The ordinal logistic results conclude...

The need for the multidisciplinary research collaboration results from the needs of modern economy. Cutting-edge-research is increasingly multidisciplinary and requires experts to bring disciplinary knowledge, but willing and able to share knowledge and experience in the search for comprehensive...

This study investigates whether an income reminder can reduce the divergence between the willingness-to-pay (WTP) estimates associated with the open-ended (OE) and dichotomous choice (DC) elicitation formats. Results show that without an income reminder, WTP estimate associated with DC...

Cluster analysis was used to identify five distinct buyer segments for expendable input purchases for U.S. crop and livestock commercial producers. A multinomial logit model was used to predict segment membership based on demographic, behavioral, and business management factors. Results provide...

In OLS and 2SLS regression analysis a positive relationship exists between small business and economic growth. A strong inverse relationship also exists between the incidence of poverty and small business and economic growth. Thus, the empirical result establishes the linkage between small...

In comparing second-best prices and quantities, studies assume that quantities bind with probability one. We present a more general and realistic model of second-best regulation where quantity instruments can bind with probability less than one. This additional flexibility of quantity...

The consequences of spatial effects on discrete choice models have not been well established. Various ad hoc workarounds have been proposed to mitigate potential estimation problems. This paper employs Monte Carlo simulation to investigate the severity of the problems introduced by spatial...

Using explicit theoretical models, this study analyzes the economic impact of alternative vertical coordination mechanisms in a three-stages production-marketing chain where interactions among multiples players at each stage, among players at different stages, and the price, output and welfare...

This paper utilizes a polychotomous choice function to investigate the relationship between socioeconomic characteristics and willingness-to-pay for embedded environmental attributes. Specifically, a two-stage estimation procedure with an ordered probit selection rule is used to predict the...