We study models where prices respond slowly to shocks because firms are rationally inattentive. Producers must pay a cost to observe the determinants of the current profit maximizing price, and hence observe them infrequently. To generate large real effects of monetary shocks in such a model the time between observations must be long and/or highly volatile. Previous work on rational inattentive...

The Energy Policy Act of 1992 embraces and implements many of the actions recommended by the President in the National Energy Strategy. .Independent geothermal power producers may be direct beneficiaries of 1) further deregulation of IPPs through their exemption from the provisions of the Public Utility Holding Company Act and 2) potentially freer access to utility-owned transmission facilities...

Purpose of review: To identify pre-cooling systems and cooling methods that are suitable for smaller scale horticultural producers Findings: A range of pre-cooling systems are available for small-scale horticultural producers and their suitability is described, in terms of availability, ease of use, capital cost, energy requirements. Expected benefits of using pre-cooling are also discussed. Li...

Personal interviews were conducted with beef cattle producers in Louisiana to determine their preferences and purchase decisions for livestock price insurance. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. The characteristics of producers who prefer given attributes were also identified. Producers rated products give...

An econometric model of the US softwood lumber and timber markets is estimated and used to simulate the price, trade, and welfare effects of reductions in federal timber sales in the western US commencing in the late 1980s. Results indicate that the timber sale reductions increased lumber prices by roughly 15 percent in the mid-1990s. Lumber consumers were the unambiguous losers from the policy...

This study considers the welfare impact of labeling policies of agricultural commodities with speci6c characteristics. Using a model of vertical differentiation, the effects on equilibrium and welfare levels are calculated. The introduction of the regulation and the emergence of two differentiated competitive markets leaves consumers and high-quality producers better off, while low-quality prod...