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William S. Vickrey
(Department of Economics, 2005)
Entry for William Vickrey, prepared for the Dictionary of Scientific Biography.
Why a Well Functioning Market Generates Asymmetry of Farm and Wholesale Prices for Hogs and Pork
(2010-11)
of the market. However, application of economic theory of the market clearing process in a well-functioning, competitive live-stock market shows that weekly prices will move asymmetrically. Studies that confirm asymmetric weekly price movements in farm...
The Economic and Social Value of Floodplain Agroforestry to Rural Development
(2002-02)
agents and agencies involved with agriculture, and processors. Information from these qualitative interviews (Raedeke, et al.) was followed by a formal survey, to elicit information on the social, economic and production characteristics of farmers...
Did the Devil Make Them Do It? The Effects of Religion in Public Goods and Trust Games*
(Department of Economics, 2008)
We test whether religious affiliation and participation in religious services are associated with behavior in public goods and trust games. Overall, religious affiliation is unrelated to individual behavior. However, we find some weak evidence...
For a Sustainable Agriculture, We Need More Adam Smith, Not Less
(2005-06)
There are two competing approaches to sustainability in agriculture. One stresses a strict economic approach in which market forces should be allowed to guide the activities of agricultural producers. The other advocates the need to balance economic...
The Effect of Trust on Public Support for Biotechnology: Evidence from the U.S. Biotechnology Study, 1997-1998
(2002-05)
The purpose of this paper is to examine the extent to which trust directly affects public support for biotechnology, particularly in applications to food production and genetic modification of crop plants. Unlike previous research in which trust...
Trust in Scientists and Food Manufacturers, with Implications for the Public Support of Biotechnology
(2005-07)
The purpose of this paper is to determine what factor affect trust in scientists and food manufacturers, and to examine how trust in these institutions affects public support for biotechnology. Data from the U.S. Biotechnology Study reveal...
An Evaluation of Missouri's A+ Schools' Program
(Department of Economics, 2004)
The A+ Schools Program was initiated to offer financial incentives to students to attend Missouri's public 2-year post-secondary schools. Under the program, the state government provides eligible students with college expenses, but only students...
A New Institutional Economics Approach to Contracts and Cooperatives
(University of Missouri - Columbia, 2001-09)
) and producer-oriented (POF) firms, and differences between alternate types of POFs, may affect the types of contract terms those respective organizations are likely to prefer in their contracts with agricultural producers. New institutional economics theories...
On Welfare under Cournot and Bertrand Competition in Differentiated Oligopolies
(Department of Economics, 2005)
Häckner (2000) shows that in a differentiated oligopoly with more than two firms , prices may be higher under Bertrand competition than under Cournot competition, implying that the classical result of Singh and Vives (1984) ...
Perceived Economic Pressures and Farmer Ethics
(2008)
We consider the effect of perceived economic pressures on the ethical attitudes of farmers. We hypothesize that an increase in the economic pressures a farmer faces could result in that farmer being more tolerant of unethical conduct than farmers...
How Do States Formulate Medicaid and SCHIP Policy? Economic and Political Determinants of State Eligibility Levels
(Department of Economics, 2009)
We exploit the existence of substantial variation in state policies toward public health insurance for children between 1990 and 2002 to estimate the economic and political determinants of state eligibility levels. Controlling for state and year...
Do Liberals Play Nice? The Effects of Party and Political Ideology in Public Goods and Trust Games
(Department of Economics, 2004)
We test the conventional wisdom that political ideology is associated with generosity or compassion by comparing the behavior of experimental subjects in public goods or trust games. We find that self-described liberals and those identifying more...
Explaining Public Attitudes on State Legislative Professionalism
(Department of Economics, 2008)
been devoted to public attitudes on the provision of these legislative resources. Using survey data on preferences for features associated with a citizen legislature versus a professional legislature, we examine the contours of public attitudes...
A New Institutional Economics Perspective on the Relationship Among Societal Values, Governance Structure and Access to Rural Health Care Services
(2007-08)
According to New Institutional Economics, transactional activities, governance structures, institutions and beliefs and values are related hierarchically. Williamson (2000) formalizes this framework to show that each governing level must be aligned...
Does a Seller Really Want Another Bidder?
(Department of Economics, 2007)
Jeremy I. Bulow and Paul D. Klemperer (AER, 1996) argue that the usual concerns of auction design miss the big picture, and show that a simple English auction without a reserve price and N + 1 bidders attains expected ...
Testing the Bounds: Empirical Behavior of Target Zone Fundamentals
(Department of Economics, 2009)
Standard target zone exchange rate models are based on nonlinear functions of an unobserved economic fundamental, which is assumed to be bounded, similarly to the target zone exchange rates themselves. A violation of this key assumption is a basic...
Inequality, Group Cohesion, and Public Good Provision: An Experimental Analysis
(Department of Economics, 2004)
Recent studies argue that inequality reduces group cohesiveness and dampens support for expenditures on public goods and social programs. In light of competing theoretical explanations and mixed empirical evidence of the effect of inequality...
Economic Impact of U.S. Pork Trade, 1986-2006
(2007-01)
The changes in U.S. pork trade in the past 21 years are quite impressive. U.S. pork exports have grown from 86 million pounds carcass weight equivalent in 1986 to 3 billion pounds in 2006. This paper discusses the changes ...
Performance Evaluation of the U.S. Hog Slaughter Industry
(2003-05)
slaughter hog market. These performance norms are then confronted with observed weekly price/quantity relationships over the 1991-2001 period to compare observed market performance with the ideal performance norms derived from the economic theory of a...