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Coronavirus Economics: The Impact of Shutting Down Meatpacking Plants
(Private Enterprise Research Center, Texas A&M University, 2020-10-01)
Due to the coronavirus pandemic, Covid-19 infections at meatpacking plants led to shutdowns across the United States. Beef became scarcer and with higher consumer prices, while ranchers received lower prices for their beef. ...
Portfolio Choice in the Model of Expected Utility With a Safety-First Component
(Private Enterprise Research Center, Texas A&M University, 2022-05-10)
Whereas the majority of economists interpret risk as dispersion or variation in an outcome variable, many everyday decision makers tend to associate risk with the outcome failing to meet a certain “safety� level. Here, ...