Dermot J. Hayes

TL;DR: This article found that corn-based ethanol, instead of producing a 20% savings, nearly doubled greenhouse emissions over 30 years and increased greenhouse gases for 167 years, by using a worldwide agricultural model to estimate emissions from land-use change.

TL;DR: This paper showed that even though the mean WTP and WTA bids for market goods with close substitutes converge after market experience, the endowment effect might still be alive and well, albeit at statisti-cally insignificant levels.

TL;DR: The authors assesses factors that potentially influence the volatility of crude oil prices and the possible linkage between this volatility and agricultural commodity markets, finding evidence of volatility spillover among crude oil, corn, and wheat markets after the fall of 2006.

TL;DR: This article found that people underestimate the relatively low probabilities of food-borne illness and their willingness to pay decreases as risk increases, suggesting that the perceived quality of new information can affect the weight the individuals place on the information, and pathogen-specific values seem to act as surrogates for general food safety preferences.

TL;DR: In this paper, a method, CVM-X, is proposed to calibrate hypothetical survey values using experimental auction markets, and the results show that calibration factors for those who favor the irradiation process (0.67-0.69) are less severe than for those with an initial dislike of the process.