The Economics of the U.S. Ethanol Import Tariff with a Blend Mandate and Tax Credit (2008)
De Gorter, Harry, Just, David R
U.S. import tariffs on ethanol are designed to offset a tax credit that benefits U.S. and foreign producers alike. The tax credit is an ethanol consumption subsidy but ethanol market prices increase...
Monopoly Power, Futures Market Manipulation, and the Oil Price Bubble (2008)
Just, David R., Just, Richard E.
The US Congress has become concerned with the possibility that much of the recent rise in oil prices is due to speculation or market manipulation. We propose a theory of futures market manipulation...
The Economics of the U.S. Ethanol Import Tariff with a Blend Mandate and Tax Credit (2008)
De Gorter, Harry, Just, David R
U.S. import tariffs on ethanol are designed to offset a tax credit that benefits U.S. and foreign producers alike. The tax credit is an ethanol consumption subsidy but ethanol market prices increase...
Monopoly Power, Futures Market Manipulation, and the Oil Price Bubble (2008)
Just, David R., Just, Richard E.
The US Congress has become concerned with the possibility that much of the recent rise in oil prices is due to speculation or market manipulation. We propose a theory of futures market manipulation...
The Economics of the U.S. Ethanol Import Tariff with a Blend Mandate and Tax Credit (2008)
De Gorter, Harry, Just, David R
U.S. import tariffs on ethanol are designed to offset a tax credit that benefits U.S. and foreign producers alike. The tax credit is an ethanol consumption subsidy but ethanol market prices increase...
Monopoly Power, Futures Market Manipulation, and the Oil Price Bubble (2008)
Just, David R., Just, Richard E.
The US Congress has become concerned with the possibility that much of the recent rise in oil prices is due to speculation or market manipulation. We propose a theory of futures market manipulation...
The Economics of the U.S. Ethanol Import Tariff with a Blend Mandate and Tax Credit (2008)
De Gorter, Harry, Just, David R
U.S. import tariffs on ethanol are designed to offset a tax credit that benefits U.S. and foreign producers alike. The tax credit is an ethanol consumption subsidy but ethanol market prices increase...
Monopoly Power, Futures Market Manipulation, and the Oil Price Bubble (2008)
Just, David R., Just, Richard E.
The US Congress has become concerned with the possibility that much of the recent rise in oil prices is due to speculation or market manipulation. We propose a theory of futures market manipulation...
The economics of U.S. ethanol import tariffs with a consumption mandate and tax credit (2007)
De Gorter, Harry, Just, David R.
This paper analyzes the impact of an ethanol import tariff in conjunction with a consumption mandate and tax credit. A tax credit alone acts as a subsidy to ethanol producers, equally benefiting...
The Welfare Economics of an Excise-Tax Exemption for Biofuels (2007)
De Gorter, Harry, Just, David R.
A general theory is developed to analyze the efficiency and income distribution effects of a biofuel consumer tax credit and the interaction effects with a price contingent farm subsidy. Using the...
DRAFT Money-Back Guarantees and the Value of Decision Time: An Empirical Analysis (2005)
Amir Heiman, David R. Just, Bruce Mcwilliams, David Zilberman, Amir Heiman, David R. Just, ...
*The authors acknowledge support from AgMRC for their financial support of this research. Money-Back Guarantees and the Value of Decision Time: An Empirical Analysis This paper uses the...
Entertainment, Poverty, and State Lotteries
Garrick Blalock, David R. Just, Daniel H. Simon
State-sponsored lotteries are a lucrative source of revenue. Despite their low payout rates, lotteries are extremely popular, particularly among low-income citizens. State officials laud the benefits...
The Welfare Economics of an Excise-Tax Exemption for Biofuels
De Gorter, Harry, Just, David R.
A general theory is developed to analyze the efficiency and income distribution effects of a biofuel consumer tax credit and the interaction effects with a price contingent farm subsidy. Using the...
De Gorter, Harry, Just, David R.
This paper develops a general framework to evaluate the effects on agricultural and gasoline markets of a consumption mandate and excise-tax exemption, the two most prominent public biofuel policies....
The economics of U.S. ethanol import tariffs with a consumption mandate and tax credit
De Gorter, Harry, Just, David R.
This paper analyzes the impact of an ethanol import tariff in conjunction with a consumption mandate and tax credit. A tax credit alone acts as a subsidy to ethanol producers, equally benefiting...
Travis J. Lybbert, David R. Just
Economists frequently focus on correlations between wealth and risk preferences but rarely observe the probabilities needed to test this relationship empirically. These unobserved probabilities are...
David R. Just, Richard E. Just
A price discrimination model is proposed to explain why firms provide extraneous information on Internet sites selling agricultural inputs. Whether an informative site is offered depends on price...
Factors Affecting the Allocation of Trade Promotions in the U.S. Food Distribution System
Miguel I. Gómez, Laoura M. Maratou, David R. Just
Although many have proposed theories explaining trade promotion (TP) behavior by manufacturers, lack of data has prevented empirical assessment. We employ survey data to explore the effect of...
David R. Just, Steven A. Wolf, David Zilberman
We analyze sources of information in agricultural markets to understand patterns of demand for decision support services and the division of labor in the supply of these services. Information...
Harry De Gorter, David R. Just, Jaclyn D. Kropp
A general theory of cross-subsidization due to inframarginal support is developed. Two sources of output distortion are identified: "exit deterrence" and "extramarginal output." Some firms would not...
Behavioral Economics, Food Assistance, and Obesity
While there is mixed evidence of the impact of food assistance programs on obesity, there is general agreement that the food-insecure are at higher risk of obesity and obesity-related dis-eases. Food...
Average vs. Marginal Risk Aversion: Reconciling Simultaneously Risk Averse and Risk Loving Behavior
Just, David R., Lybbert, Travis J.
Risk and Uncertainty,
De Gorter, Harry, Just, David R., Kropp, Jaclyn D.
Agricultural and Food Policy,
Consumer Financed Export Subsidies and the Agreement on Agriculture
Kropp, Jaclyn D., Just, David R., De Gorter, Harry
International Relations/Trade,
Just, David R., Wang, Shenghui, Pinstrup-Andersen, Per
As with other technologies, adoption of Bt seed requires technology specific knowledge. Growing secondary pest populations have slowly eroded the benefits of Bt technology in China. We illustrate the...
Lybbert, Travis J., Just, David R.
Economists attribute many common behaviors to risk aversion and frequently focus on how wealth moderates risk preferences. This paper highlights a problem associated with empirical tests of the...
THE ILLUSION OF CONTROL, COGNITIVE DISSONANCE AND FARMER PERCEPTION OF GM CROPS
Just, David R., Roberts, Michael J.
We examine the correlation between farmers' beliefs and practices regarding GM crops with yield shocks from the previous year the crop was grown. Farmers who may have had poor yields due to weather,...
Pests and Agricultural Production under Climate Change
Although the effect of climate change on agricultural pests has been studied by biologists, thus far, large-scale assessments of climate change and agriculture have not included the impact of pests....
Could Behavioral Economics Help Improve Diet Quality for Nutrition Assistance Program Participants?
Just, David R., Mancino, Lisa, Wansink, Brian
Findings from behavioral and psychological studies indicate that people regularly and predictably behave in ways that contradict some standard assumptions of economic analysis. Recognizing that...
Average vs. Marginal Risk Aversion: Reconciling Simultaneously Risk Averse and Risk Loving Behavior
Just, David R., Lybbert, Travis J.
Risk and Uncertainty,
De Gorter, Harry, Just, David R., Kropp, Jaclyn D.
Agricultural and Food Policy,
Consumer Financed Export Subsidies and the Agreement on Agriculture
Kropp, Jaclyn D., Just, David R., De Gorter, Harry
International Relations/Trade,
Health Information Availability and the Consumption of Eggs: Are Consumers Bayesians?
Chang, Hung-Hao, Just, David R.
This study uses a generalized Bayesian updating model to estimate the impact of health information appearing in the popular media on the consumption of eggs. The framework permits us to explore the...
Heiman, Amir, Just, David R., Zilberman, David
Consumer resistance is a key barrier to the diffusion of genetically modified foods (GMFs). Several studies have shown that consumers in general have a negative attitude toward GMFs. Through analysis...
Behavioral Economics, Food Assistance, and Obesity
While there is mixed evidence of the impact of food assistance programs on obesity, there is general agreement that the food-insecure are at higher risk of obesity and obesity-related diseases. Food...
Do Free Goods Stick to Poor Households? Experimental Evidence on Insecticide Treated Bednets
Hoffmann, Vivian, Barrett, Christopher B., Just, David R.
Summary If the market allocates goods to those willing and able to pay the most for them, efforts to target durable health goods such as insecticide-treated bednets (ITNs) to poor populations may...
Production Incentives from Static Decoupling: Entry, Exit and Use Exclusion Restrictions
Just, David R., Kropp, Jaclyn D.
The use of agricultural decoupled support has increased as World Trade Organization (WTO) member nations implement less trade distortive policies. However, the true production effects of these...
Risk, Overconfidence and Production in a Competitive Equilibrium
Just, David R., Cao, Ying, Zilberman, David
Previous studies have found underestimation of risk, or overconfidence, to be pervasive. In this paper, we model overconfidence as a reduction in perceived variance. We generalize the analysis of...
"There is considerable literature examining individuals' behaviour with respect to Internet use, but less attention is paid to farm household use of the Internet. Among the few studies on farm...
Harry De Gorter, David R. Just
A framework is developed to analyze the effects of a biofuel consumer tax exemption and the interaction effects with a price contingent farm subsidy. Ethanol prices rise above the gasoline price by...
Household Welfare and Multi-Commodity Price Risk: Evidence from Rural Ethiopia (PowerPoint)
Bellemare, Marc F., Barrett, Christopher B., Brown, Zachary S., Just, David R.
Risk and Uncertainty,
The Socially Optimal Import Tariff and Tax Credit for Ethanol with Farm Subsidies
De Gorter, Harry, Just, David R., Tan, Qinwen
We determine how the U.S. ethanol tax credit and import tariff affect the corn-ethanol-gasoline markets and how farm subsidies interact with these policies. We show how the ethanol tax credit and...
Just, David R., Wansink, Brian, Turvey, Calum G.
How would a possible food safety scare influence food consumption? Using techniques from experimental psychology, a study of 103 lunchtime participants suggests that a food scare--avian...
Are the poor really more trustworthy? A micro-lending experiment
Jaclyn D. Kropp, Calum G. Turvey, David R. Just, Rong Kong, Pei Guo
Purpose – This paper aims to clarify the relationship between wealth and trustworthiness with the goal of understanding why micro-lending institutions grant loans to poor individuals countering...