Information and communications technologies (ICTs) have spread rapidly over the past decade. There has been considerable interest in the effect of such technology on search costs, search behavior and welfare outcomes, particularly in developing countries. This paper investigates the impact of a...

Farm income is highly variable due to annual price and yield uncertainties. The federally subsidized crop insurance program is an important tool for managing this risk, and has grown from a relatively modest program to one that encompasses the majority of productive cropland in the country. The...

The goal of our analysis is to enhance the understanding of the value of antitrust regulatory activities, specifically the impact of investigations of anticompetitive behavior. The results suggest that prices significantly increased as soon as the targets of the investigation were made aware...

Transgenic plants producing insecticidal protein derived from Bacillus thuringiensis (Bt) have been widely adopted since their commercial introduction in 1996. The widespread adoption of such plants has reduced use of conventional insecticides while attaining yield gains, thus providing...

Transgenic plants producing insecticidal protein derived from Bacillus thuringiensis (Bt) have been widely adopted since their commercial introduction in 1996. In 2009, 25 countries planted 134 million ha of transgenic crops. The widespread adoption of such plants has reduced use of conventional...