Browsing by Subject "economics and agribusiness."
Now showing items 1-3 of 3
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(Texas A&M University, 2013-02-22)Because of the pervasiveness of diminishing sensitivity in economics, and because diminishing sensitivity has played such a crucial role in examining behavior toward risk, diminishing sensitivity for other-regarding ...
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(Texas A&M University, 2013-02-22)This paper studies the implications of the endowment effect on the Coase Theorem. The endowment effect places a sharp bend or kink in the traditional indifference curve. Applying this result to the traditional two-party ...
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(Texas A&M University, 2013-02-22)The most significant problem facing agriculture is price volatility. Farm prices are very unstable as evidenced by the wide swings in Texas cotton prices and by Congress approving Ad Hoc disaster payments in each of the ...