In this paper, data from a 1992 telephone survey of Georgia residents were used to study people’s willingness-to-pay (WTP) for water as a commodity. A dichotomous contingent valuation method was employed to estimate the marginal scarcity rent of water. Results indicated that the average...

A hedonic price function is developed for estimating the implicit prices for selected quality characteristics of fresh tomatoes at three points in the marketing season. The estimation of this function, proposed as a method of evaluating change in the post-harvest system, is accomplished using a...

This study determines if a preference for round prices exists in the wheat market and how wheat sales react to price movements around whole dollar amounts. The results show round prices are slightly more prevalent than non-round prices and that transactions increase when price moves above a...

Using time series data we examine behavior of pecan prices and inventories at zero and seasonal frequencies, given results of seasonal cointegration tests. Both, seasonally unadjusted and adjusted quarterly data are used (1991-2002). Results suggest that, first, shelled and total pecan...

In 1991, mandatory warning labels were imposed on the sale of oysters harvested from the Gulf of Mexico. Using an IAIDS model, this paper investigates the impact of these labels on the demand for Gulf product as well related oyster products (the Chesapeake, the Pacific, and imports).

This paper uses the Almost Ideal Demand System (AIDS) model to analyze two issues 1) The effect of the implementation of mandatory country of origin labeling and 2) the effect of the tariff on Vietnamese basa. The data would suggest that the first effort (COOL), in 2002, of the CFA to help...