Stepwise model selection criteria were tested against the restrictive forms to determine the appropriate model and to confirm the law of one price for the US soybeans. Analysis shows less than one international price transmission and exchange rate elasticities in the long run indicate an...

Buse’s concept of total response is extended to advertising effects. Results suggest that partial advertising elasticities overstate advertising’s ability to increase market demand. One implication is that advertising bans (e.g., for alcohol and tobacco) are apt to be less effective than...

The dominant pattern in U.S. non-alcoholic drink: consumption over the past 25 years has been a steady increase in per capita soft-drink: consumption, largely at the expense of coffee (and to a lesser extent) milk consumption. Our findings suggest that the major factor governing this pattern is...

With the passage of the Dairy and Tobacco Adjustment Act of 1983, dairy farmer investment in product research, advertising and promotion in the United States increases from $60 million to $200 million annually. A key decision faced by the Boards managing these funds is how best to allocate...

This paper examines regional differences in obesity rates, Body Mass Index (BMI) and dietary quality, using data from the 1999-2002 National Health and Nutrition Examination Survey (NHANES), Mobile Examination Center (MEC). For women, BMI and obesity prevalence may be higher in the Deep South...

Tobacco production in China is influenced by a government-set procurement price for tobacco leaf, and an excise tax on tobacco leaf revenue. This study examines the increase in the procurement price needed to keep tax revenue constant in the face of a 50% reduction in the tax rate. This...