Estimating the Impact of Voluntary Labeling of Trans Fats on the Market Demand for Processed Foods: A Nested PIGLOG Model Approach

This paper estimates a nested PIGLOG demand system to assess the impact of voluntary labeling of trans fats on the market demand for processed foods.Marketing,

Modeling the Dynamics of the Supply of Registered Thoroughbred Foals and Animal Health

Understanding key drivers of the Thoroughbred foal supply is fundamental to long run industry sustainability. A short supply of foals poses significant future challenges for racing executives offering a full season of healthy racecards. In many regions the foal supply has steadily declined and/or plateaued

Ninety Days Post-PASPA: The Near-Term Financial Economic Impacts on Gaming and Casino Stocks

The U.S. Supreme Court ruled the 1992 Professional and Amateur Sports Protection Act (PASPA) unconstitutional on Monday, May 14, 2018 in a 6-3 decision. In general under PASPA individuals could only bet on sporting events in the state of Nevada though wagering on horse races was permitted at the state level. Post-PASPA, betting on individual sporting events could become a substitute for wagering on horse races, or it could become a complement to it if general gamblers pursue horse racing. Over time the availability of racetrack-level and related sports betting data will enable researchers to quantify these effects on the evolution of the equine industry. In the meantime, the message in the stock market was quite clear on May 14th and the subsequent 10 days of trading – returns to gaming and casino shares increased sharply and those increases were statistically significant

Estimating the Market Demand for Value-Added Beef: Testing for BSE Announcement Effects Using a Nested PIGLOG Model Approach

This paper estimates an AIDS model and corrects for first-order autocorrelation using retail meat data. We fail to reject the null hypothesis of no BSE announcement effects.Demand and Price Analysis,

University-Retail Industry Research Partnerships as a Means to Analyze Consumer Response: The Case of Mad Cow Disease

Consumer/Household Economics,

Evaluating Consumer Response to GM Foods: Some Methodological Considerations

In 1998 the European Union placed a moratorium on the planting of transgenic crops within its borders. The resulting ban on biotech crops has led to the current trans-Atlantic trade dispute between the United States and the EU. At the heart of this dispute is the issue of consumer acceptance. The EU’s current position is predicated on perceived public concerns about biotech foods which found a voice in numerous opinion polls conducted during the late 1990s (e.g., European Commission, 1997, 2000). Such concerns have also been amplified by intense media coverage and resulting political activism. Given the pivotal role that consumer opinion has played in recent EU policy, an understanding of how consumers value biotech foods is critical to informed policymaking. To date three main approaches have been used to gauge how consumers might respond to genetically modified (GM) foods if they were labeled as such. Opinion or attitudinal surveys are one approach. Two other approaches that are also being used are choice experiments and experimental (auction) market methods. This paper provides a brief overview of each approach, their predictions regarding consumer willingness to pay(WTP) for biotech foods, and their potential advantages and pitfalls in predicting actual consumer behavior in the market place.Agricultural and Food Policy, Consumer/Household Economics, Research Methods/ Statistical Methods,

TRADE AND FOREIGN DIRECT INVESTMENT MANAGEMENT STRATEGIES FOR U.S. PROCESSED FOOD FIRMS IN CHINA

This research examines the relationship between U.S. foreign direct investment (FDI) and exports of processed foods to China and identifies management strategies to enhance U.S. competitiveness. Two-stage least-squares empirical econometric results from a simultaneous equation system indicate that there exists a strong complementary relationship between U.S exports and FDI into China. Therefore, the appropriate managerial strategy to access Chinese processed foods markets is to increase overall business activity, both FDI and exports into China.Agribusiness, International Relations/Trade,

Modeling the Determinants of Equestrian Sport Medal Shares in the Olympic Games

Historically, equestrian sport debuted in the 1900 summer Olympic Games with individual show jumping. After a hiatus, equestrian sport resumed in 1912 with both individual and team show jumping and eventing, as well as individual dressage. Team dressage was added in 1928. With the exception of its omission from the 1960 Olympic Games, 18 medals have since been sought after by top athletes from countries around the world every four years. This study measures those factors that statistically determine the share of the 18 medals obtained by country during the last consecutive seventeen summer Olympic Games

Modeling the Determinants of Handle: An Analysis of Woodbine Thoroughbred Racing Data

Using data for 1,515 races over 165 race days from the 2011 Thoroughbred racing season at the Woodbine Racetrack, variability in all sources handle per race was explained as a function of field size, field quality and race conditions, race distance, surface, weather, and an array of seasonality control variables

Economic Analysis of Incentives for Foreign Direct Investment in Beef Systems in Argentina and Uruguay

The European Union's (EU) ban of hormone-treated beef products in 1989 has virtually eliminated beef exports to the EU from countries where cattle are routinely implanted with growth hormones. This study examined whether or not foreign direct investment in beef systems in Argentina and Uruguay would provide a profitable method for investors who want to export beef to the EU. The results indicate that while investment in these systems is potentially profitable, government interventions designed to keep domestic beef prices low inject considerable risk into the investment decision.Investment in beef systems, South America, risk, cointegration, International Relations/Trade, Livestock Production/Industries,