The “Family Smoking Prevention and Tobacco Control Act” was signed into law on June 22, 2009. The bill grants the Federal Food and Drug Administration (FDA) an authority to regulate the manufacturing and marketing of tobacco products. Tobacco leaf is not subject to the regulation. As a...

Economic theory suggests that price incentives can be used to encourage water conservation in residential consumers. Conservation water rates are designed to send price signals that encourage households to reduce discretionary water use in the long term. However, it is not always clear that...

In addition to regional variations, demand for poinsettias was shown to depend on its price. Based on state-level data for 2005,demand in the Northeast and Midwest regions of the U.S. were found to be inelastic. This suggests that the market for poinsettias in both regions could support higher...

Seasonality is generally regarded as a major feature in soybean market price variations. Recent years in Arkansas have seen considerable construction of on-farm storage, a move that could mitigate the seasonality effect on price variations. A study comparing cash price indices from the past ten...

This paper shows that the response of cotton prices in the U.S. to fluctuations in oil prices in the international market may differ greatly depending on whether the increase is driven by demand or supply shocks in the crude oil market. In the long-run, around 3 percent of the variability in...

This manuscript is used to examine food demand structure and its dynamics for 11 commodities in urban China. The analysis is based on household-level expenditure survey data for two cross-sectional surveys of Chinese households pertaining to food expenditure patterns during 1995 and 2003. A...

Ahi poke (raw tuna salad) has significant role in Hawaii culture and economy. A consumer survey in Hawaii was used to examine consumers’ purchasing intentions of ahi poke. A censored analysis was conducted to analyze the demand and tie with various consumer characteristics. Results show that...

Country-of-Origin Labeling (COOL) legislation for fish and shellfish was passed as part of the Farm Security and Rural Investment Act of 2002. Farm-raised and wild-caught seafood items caught after December 4, 2004, began COOL in April 4, 2005. COOL requires retailers to display the country of...

A variation of the household production theory was used to select relevant explanatory variables for the demand for convenience foods. A convenience food index was used to measure the convenience in food preparation. Because of the nature of the measure of convenience, the tobit regression...

Using the choice-based conjoint analysis and self explicated approach, I elicited South Korean millers’ preference and willingness to pay for the quality characteristics of hard white wheat that is used in producing all-purpose flour. In specified seven attributes, test weight, moisture, and...