Jayson L. Lusk

TL;DR: This article examined the impact of beef and pork recalls on nearby daily live cattle and lean hog futures market prices, and found that medium sized beef and large pork recalls that are a serious health concern have a marginally negative impact on short-term live cattle futures prices, respectively, and concluded that if there is any systematic significant change in demand due to meat recalls, it likely occurs over an extended period of time and only in certain cases does it noticeably affect daily futures prices.

TL;DR: In this paper, the value of information to Mexican millers is measured by the difference of the flour mill surplus and compensating variation, and the value is defined as the sum of the difference between the two values.

TL;DR: This article conducted a consumer study in France, Germany, the UK, and the US and found that French consumers are willing to pay more than US consumers for beef from cattle not administered hormones.

TL;DR: The authors found that composite forecasts are more accurate than a single model's forecast, while hypothesis tests using information from numerous models are, on average, more accurate in the sense of lower Type I and Type II errors than hypothesis tests with a single models.

TL;DR: In this article, the authors proposed an out-of-sample-log-likelihood function (OSLLF) approach to evaluate crop yield distributions by determining how well they describe the distribution of out-ofthe-sample yields.