We estimate changes in market structure in the US electric power industry during the last three decades using two independent approaches. First, we estimate an industry-wide conjectural-variations parameter. We find that ...

We outline an Austrian approach to economic organization based on the entrepreneur and the Austrian idea of capital as heterogeneous and time-dimensioned, two themes associated with Israel Kirzner's contributions. We provide ...

This study examines the role of product benefits and potential risks in consumer acceptance of genetically modified (GM) foods. The study analyzes consumer willingness to consume three meat products that confer specific ...

This paper develops a model of heterogeneous consumer preferences to analyze the market potential of a second-generation, genetically modified, high-oleic soybean developed at the University of Nebraska. The paper ...

New rapid and sensitive testing technologies, based on the biotechnology tools underlying modern medical diagnostics, have been developed for the food industry. The growing demand for food safety in the marketplace, ...

This article challenges the conventional wisdom that the 1960s conglomerates were inefficient. I offer valuation results consistent with recent event-study evidence that markets typically rewarded diversifying acquisitions. ...

Africa has been slow to respond to biotechnology even as its pest management grows increasingly obsolete and insects remain a major adversary of its farming. Opponents of biotechnology cite concerns over the scientific ...

Genetically modified (GM) crops have now been grown com- mercially on a substantial scale for ten years. This paper assesses the impact this technology is having on global agricul- ture from both ...

Given the uncertainty of the use of genetic engineering in production of genetically modified (GM) foods, it remains the subject of one of the most vitriolic scientific debates throughout the globe. Newer facets of the ...

This paper develops empirical models to estimate both interfirm research spillovers and crowding effects in the canola crop research industry. The potential sources of spillover include basic research, human capital/knowledge ...

This paper used a spatial and temporal price equilibrium model to assess the potential impacts of farmers in West and Central Africa adopting Bacillus thuringiensis (Bt) cowpea (Vigna unguiculata (L.) Walp). The results ...

What sources of information do media professionals use, and what is the frequency of use, when covering agricultural biotechnology issues? Fifty Texas and 40 national agriculture journalists responded to this study. ...

The ongoing growth of corn-based ethanol production raises some fundamental questions about what impact continued growth will have on US and world agriculture. Estimates of the long-run potential for ethanol production ...

Because of Bt corn's efficacy in controlling European corn borer, farmers are required to implement an insect resistance management (IRM) program that constrains each farmer to plant no more than 80% of the farm s corn ...

This paper presents an evaluation of the initial potential economic benefit at both the farm-level and to Monsanto Company of a change in refuge policy for Bollgard II® cotton. The proposed policy change is to eliminate ...

Since the early 1990s, Argentinean grain production underwent a dramatic increase in grains production (from 26 million tons in 1988/89 to over 75 million tons in 2002/2003). Several factors contributed to this "revolution," ...

Producers of agricultural commodities regularly face price and production risk. Furthermore, increased global free trade and changes in domestic agricultural policy have increased these risks. As the variability of price ...

Producers of agricultural commodities regularly face price and production risk. Furthermore, increased global free trade and changes in domestic agricultural policy have increased these risks. As the variability of price ...

This guide describes how to place an output (short) hedge in the futures market to reduce the price risk associated with selling an output used in your business.

This guide describes how to place an input (long) hedge in the futures market to reduce the price risk associated with buying an input.