Department Seminar

The ARE Departmental Seminar
12:00 p.m. - 1:30 p.m.
201 Giannini Hall

Friday, Nov. 14, 2014 Nathan Nunn
Harvard University

Monday, Nov. 10, 2014 Stanislao Maldonado
A.R.E.- Job Market Candidate
The Political Effects of Resource Booms: Political Outcomes, Clientelism and Public Goods Provision in Peru (Location: 248 GIANNINI HALL)

Friday, Nov. 7, 2014 Chris Ksoll
University of Ottawa
Peer Effects and Group Assignment Rules : Non-Parametric Evidence from a Framed Field Experiment

Friday, Oct. 31, 2014 Mar Reguant
Stanford University-Economics
Blowin' in the Wind: Sequential Markets, Market Power, and Arbitrage

Friday, Oct. 17, 2014 Sikandra Christian
A.R.E.- Job Market Candidate
Store Credit as Informal Insurance in Rural Yemen

Friday, Oct. 10, 2014 Judd Boomhower
A.R.E.- Job Market Candidate
Drilling Like There's No Tomorrow: Bankruptcy, Insurance, and Environmental Risk

Friday, Oct. 3, 2014 Marieke Kleemens
A.R.E.- Job Market Candidate
Migration Choice under Risk and Liquidity Constraints

Friday, Sep. 26, 2014 Raphael Calel
A.R.E.-Ciriacy Wantrup Fellow
Environmental Policy and Directed Technological Change: Evidence from the European carbon market

Friday, Sep. 19, 2014 Lilia Chaidez
A.R.E.- Job Market Candidate
Increasing Funds, Increasing Violence? Evidence from a Regression Discontinuity Design

Friday, Sep. 12, 2014 NO SEMINAR SCHEDULED

Friday, Sep. 5, 2014 Megan Stevenson
A.R.E. -UC Berkeley
Breaking Bad: Social Influence and the Path to Criminality in Juvenile Jails

Friday, Aug. 29, 2014 Yongdong Liu
A.R.E. -UC Berkeley
Mobile App Platform Choice: An Application of Strategic Games on Big Data

Friday, May. 2, 2014 Michael Carter
UC Davis-ARE
After the Drought: The Impact of Microinsurance on Consumption Smoothing and Asset Protection

Friday, Apr. 25, 2014 Lorenzo Casaburi
Stanford-Institute for Economic Policy Research
Ghost-House Busters: The Electoral Response to a Large Anti Tax Evasion Program" (with Ugo Troiano)

Friday, Apr. 18, 2014 Leo Simon
UC Berkeley-ARE
A Game Theoretic Model of Libor Manipulation

Friday, Apr. 11, 2014 Marc Jacobsen
UC San Diego- Department of Economics
Vehicle Scrappage and Gasoline Policy

Friday, Apr. 4, 2014 Eric Verhoogen
Columbia-School of International and Public Affairs & Department of Economics
Organizational Barriers to Technology Adoption within Manufacturing Firms: Evidence from Pakistan--joint with David Atkin, Azam Chaudhry, Shamyla Chaudry, and Amit Khandelwal.

Friday, Mar. 21, 2014 Olivier Deschenes
UCSB-Dept. of Economics
Adapting to Climate Change: The Remarkable Decline in the U.S. Temperature-Mortality Relationship over the 20th Century

Friday, Mar. 14, 2014 Sol Hsiang
UC Berkeley-Public Policy
Global Black Market Dynamics and the Effect of Legal Ivory Sales on Illegal Elephant Killings

Friday, Mar. 7, 2014 Lori Beaman
Northwestern-Dept. of Economcs
Selection into Credit Markets: Evidence from Agriculture in Mali

Friday, Feb. 28, 2014 Hunt Allcott
Dutch Disease or Agglomeration? The Local Economic Impacts of Natural Resource Booms in Modern America -Joint with Daniel Keniston (Yale)

Friday, Feb. 21, 2014 Tom Sproul-CANCELLED
U of Rhode Island- Environmental and Natural Resource Economics
Does Risk Aversion Matter for Shallow Loss Crop Insurance?

Friday, Jan. 31, 2014 Heather Schofield
Int'l Development Job Candidate-Harvard University
The Economic Costs of Low Calorie Intake: Evidence from India

Wednesday, Jan. 29, 2014 Benjamin Feigenberg
Int'l Development Job Candidate-MIT
Priced Out: Aggregate Income Shocks and School Pricing in the Chilean Voucher Market

Wednesday, Jan. 22, 2014 Johannes Haushofer
Int'l Development Job Candidate-MIT
Household Response to Income Changes: Evidence from an Unconditional Cash Transfer Program in Kenya, w/ J. Shapiro

Friday, Dec. 13, 2013 Manuela Angelucci
Dept of Economics - University of Michigan
Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Friday, Dec. 6, 2013 Christian Traeger
ARE- UC Berkeley
Optimal Mitigation Policy under Uncertainty

Friday, Nov. 22, 2013 Aprajit Mahajan
Dept of Economics- UC Los Angeles
Time Inconsistency, Expectations and Technology Adoption: Evidence from Orissa

Friday, Nov. 15, 2013 Rema Hanna
Harvard University- KSG
Does Transparency Matter? Identification Cards and Food Subsidy Programs in Indonesia

Friday, Nov. 8, 2013 Seema Jayachandran
Northwestern University-Dept of Economics
Why Are Indian Children Shorter Than African Children?

Friday, Nov. 1, 2013 Jacek Krawczyk
School of Economics and Finance/Victoria University of Wellington, New Zealand
Viability kernels for by-catch fisheries

Friday, Oct. 25, 2013 Kelsey Jack
Dept of Economics-Tufts University
Uncertainty, self-selection and the design of subsidies: Evidence from Zambia

Friday, Oct. 18, 2013 Jon Robinson
Dept of Econoimcs- UC Santa Cruz
The Daily Grind: Cash Needs, Labor Supply and Self-Control

Friday, Oct. 11, 2013 CANCELLED

Friday, Oct. 4, 2013 Diana Lee
ARE- UC Berkeley
Measuring wealth using asset ownership: Developing a theory-driven asset index incorporating utility and prices

Friday, Sep. 27, 2013 Erica Myers
ARE- UC Berkeley
Does Asymmetric Information in Residential Rental Markets Lead to an Energy Efficiency Gap?

Friday, Sep. 20, 2013 Philip Verwimp
The Political Economy of Development and Genocide in Rwanda

Friday, Sep. 13, 2013 Martin Sturmer
University of Bonn-Institute for International Economic Policy
150 years of Boom and Bust - What drives mineral commodity prices?

Friday, Sep. 6, 2013 Andrew Dustan
ARE- UC Berkeley
Peer Networks and School Choice under Incomplete Information

Friday, Aug. 30, 2013 Manuel Barron
ARE- UC Berkeley
The Process of Electricity Adoption and Its Effects on Energy Use and Indoor Air Pollution

Friday, May. 10, 2013 Derek Lemoine
University of Arizona-Economics
Green Expectations: Current Effects of Anticipated Carbon Pricing/*NOTE: SEMINAR TO BE HELD AT ENERGY INSTITUTE AT HAAS LOCATION* 2547 Channing Way-3:40-5:00pm Friday 5/3/10

Friday, May. 3, 2013 Ujjayant Chakravorty
Tufts University-Economics
Boom Before Bust? The Industrial Organization of Groundwater

Friday, Apr. 26, 2013 Craig McIntosh
UC San Diego-School of International Relations and Pacific Studies
Designing Experiments to Measure Spillover and Threshold Effects

Friday, Apr. 19, 2013 David McKenzie
World Bank-Lead Economist/Data & Research
What Generates Growth in Microenterprises? Experimental Evidence on Capital, Labor and Training

Friday, Apr. 12, 2013 CEGA SEMINAR: Andrew Crane-Droesch
PhD Candidate, Energy & Resources Group
Location: Blum Hall, B100, Plaza Level@
Black Powder, Red Soil, More Crops: Biochar, technology adoption, and carbon sequestration in Western Kenya

Friday, Apr. 5, 2013 Kevin Novan
ARE - UC Davis
Overlapping Environmental Policies: When Does Renewable Electricity Reduce Pollution?

Friday, Mar. 15, 2013 Reed Walker
Robert Wood Johnson Scholar in Health Policy University of California - Berkeley
The Early Life Environment and Long-Run Human Capital: Evidence from Administrative Earnings Records in the United States

Friday, Mar. 8, 2013 Robert Jensen
UC Los Angeles Luskin School of Public Affairs

Friday, Mar. 1, 2013 Lucas Davis
Haas School of Business-Economic Analysis and Policy Group
Free Riders and the High Cost of Energy-Efficiency Subsidies

Friday, Feb. 22, 2013 Michael Anderson
ARE- UC Berkeley
Subways, Strikes, and Slowdowns: The Impacts of Public Transit on Traffic Congestion

Friday, Feb. 15, 2013 Sofia Villas-Boas
ARE- UC Berkeley
Generic Aversion and Social Learning in the Over-the-Counter Drug Market

Friday, Dec. 7, 2012 Tommy Lundgren
Evironmental performance and profits

Friday, Nov. 30, 2012 Alex Whalley
UC Merced-Economics
University Research and Regional Development in American Agriculture

Friday, Nov. 16, 2012 Elisabeth Sadoulet
ARE- UC Berkeley

Friday, Nov. 9, 2012 Pierre Merel
ARE - UC Davis
Cars on crutches: How much abatement do smog check repairs actually provide?

Friday, Nov. 2, 2012 Dave Rapson
UC Davis-Economics
The Effect of a Mandatory Time-of-Use Pricing Reform on Residential Electricity Use

Friday, Oct. 26, 2012 Christian Traeger
ARE- UC Berkeley
Climate Policy and Growth Uncertainty: Dicing with DICE

Friday, Oct. 19, 2012 Kate Foreman
ARE- UC Berkeley
Crossing the Bridge: the Effects of Time-Varying Tolls on Curbing Congestion in the Bay Area

Friday, Oct. 12, 2012 Lunyu Xie
ARE- UC Berkeley
Urban Rail Transit Expansion and Transportation Mode Usage: Evidence from an Natural Experiment in Beijing

Friday, Oct. 5, 2012 Jeremy Magruder
ARE- UC Berkeley
Do Job Networks Disadvantage Women? Evidence from a Recruitment Experiment in Malawi

Friday, Sep. 28, 2012 Catie Hausman
ARE- UC Berkeley
Corporate Incentives and Nuclear Safety

Friday, Sep. 21, 2012 Seminar cancelled

Friday, Sep. 14, 2012 Lutz Kilian
University of Michigan-Economics
The Role of Inventories and Speculative Trading in the Global Market for Crude Oil

Friday, Sep. 7, 2012 Anna D'Souza
Food Insecurity in Vulnerable Populations: Coping with food price shocks in Afghanistan

Friday, May. 11, 2012 Hans Binswanger
Institute for Economic Research on Innovation, Tshwane University of Technology, Tshwane, South Africa
India 1960‐2010: Structural Change, the Rural Nonfarm Sector, and the Prospects for Agriculture

Friday, May. 4, 2012 Chris Timmins
Duke University-Department of Economics
Meeting Urban Housing Needs: Do People Really Come to the Nuisance?

Friday, Apr. 27, 2012 Marcel Fafchamps
Oxford University-Department of Economics
Are Gifts and Loans between Households Voluntary?

Friday, Apr. 20, 2012 Chris Costello
UC Santa Barbara-Donald Bren School of Envrionmental Science and Management
The value of secure property rights: global evidence from fisheries

Friday, Apr. 13, 2012 Ryan Kellogg
University of Michigan-Economics
The Formation and Persistence of Automobile Brand Preferences

Friday, Apr. 6, 2012 Sriniketh Nagavarapu
Brown University
Resource Management in Low-Monitoring Environments: Can Granting Cooperatives User Rights Work?

Friday, Mar. 23, 2012 Wolfram Schlenker
Columbia University
Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate

Friday, Mar. 16, 2012 Rick Hornbeck
Harvard University
When the Levee Breaks: Labor Mobility and Economic Development in the American South

Friday, Mar. 9, 2012 William Dow
UC Berkeley-School of Public Health
Incentivising safe sex: a randomised trial of conditional cash transfers for HIV and sexually transmitted infection prevention in rural Tanzania

Friday, Mar. 2, 2012 Pascaline Dupas
Stanford Univeristy-Economics
Price Subsidies, Diagnostic Tests, and Targeting of Malaria Treatment

Friday, Feb. 24, 2012 Nick Wilson
Is Sex Like Driving? Risk Compensation Associated with Male Circumcision in Kisumu, Kenya

Friday, Feb. 17, 2012 Paulina Oliva
UC Santa Barbara
The Effect of Air Pollution on Infant Mortality in Mexico City ( joint with Eva Arceo and Rema Hanna)

Friday, Feb. 10, 2012 Ralph Winter
University of British Columbia- Sauder School of Business
Innovation and the Dynamics of Global Warming

Friday, Feb. 3, 2012 Ruth Uwaifo
Georgia Insitute of Technology -Economics
Conflict and its impact on Educational Accumulation and Enrollment in Colombia: What we can learn from recent IDPs

Friday, Jan. 27, 2012 Jenny C. Aker
Tufts University-Fletcher School and Department of Economics
Can Mobile Phones Improve Learning? Evidence from a Field Experiment in Niger

Friday, Jan. 20, 2012 Minjung Park
UC Berkeley-Haas School of Business
A Dynamic Model of Subprime Mortgage Default: Estimation and Policy Implications

Friday, Dec. 9, 2011 Meredith Fowlie
UC Berkeley/ARE
Designing markets for pollution when damages vary across sources : Evidence from the NOx Budget Program

Friday, Dec. 2, 2011 Armon Rezai
University of Vienna-Environmental Economics
The Political Economy of Environmental Policy with Overlapping Generations

Friday, Nov. 18, 2011 Bard Harstad
Northwestern-Kellogg School of Management
The Dynamics of Climate Agreements

Friday, Nov. 4, 2011 Matt Harding
Stanford University-Economics
Goal‑Setting and Energy Efficiency

Friday, Oct. 28, 2011 Leo Simon
UC Berkeley/ARE
Exaggeration and Polarization in Information Aggregration Games

Friday, Oct. 21, 2011 Christophe Gouel
INRA-Public Economics
Optimal food price stabilisation in a small open developing country

Friday, Oct. 14, 2011 Luosha Du
UC Berkeley/ARE
Industrial Agglomeration, Transportation Infrastructure, and Firm Performance: Evidence from China 1998-2007

Friday, Oct. 7, 2011 Alex Solis
UC Berkeley/ARE
Credit Constraints for Higher Education

Friday, Sep. 30, 2011 Gianmarco Leon
UC Berkeley/ARE
Incentives to Vote, Political Preferences and Information:Evidence from a Randomized Experiment in Peru

Friday, Sep. 23, 2011 Chuck Mason
University of Wyoming-Department of Economics and Finance
On Climate Jumps and Fat Tails

Friday, Sep. 16, 2011 Kelly Jones
UC Berkeley/ARE
Growing up together: Cohort composition and child investments

Friday, Sep. 9, 2011 Jing Cai
UC Berkeley/ARE

Thursday, May. 5, 2011 John List
Department of Economics, Univeristy of Chicago
Giannini Foundation Lecture-NOTE LOCATION: UC Berkeley Faculty Club

Friday, Apr. 29, 2011 Antony Millner
UC Berkeley/ARE
On welfare frameworks and catastrophic climate risks

Friday, Apr. 22, 2011 Alan Spearot
Department of Economics-UC Santa Cruz
Relaxing CAFE: NAFTA, Foreign Direct Investment, and Fuel Economy Standards

Friday, Apr. 15, 2011 Michael Anderson
Dept. of Agricultural & Resource Economics-UCB
Learning from the Cloud: Regression Discontinuity Estimates of the Effects of an Online Review Database

Friday, Apr. 8, 2011 Rema Hanna
Harvard Kennedy School
Targeting the Poor: Evidence from a Randomized Experiment in Indonesia

Friday, Apr. 1, 2011 Jeff LaFrance
Washington State University/ARE
Risk Management in a Micro-to-Macro Empirical Environment

Friday, Mar. 25, 2011 NO SEMINAR-Spring Break

Friday, Mar. 18, 2011 Jeremy Magruder
Dept. of Agricultural & Resource Economics-UCB
Can Minimum Wages Cause a Big Push? Evidence from Indonesia

Friday, Mar. 11, 2011 Wolfram Schlenker
Columbia University
Air Pollution and Contemporaneous Health: Evidence from Random Variation in Pollution Shocks from Airports

Friday, Mar. 4, 2011 J. Miguel Villas-Boas
UC Berkeley/Haas School of Business
Optimal Search for Product Information

Friday, Feb. 25, 2011 Claus Portner
University of Washington-Dept. of Economics
Sex Selective Abortions, Fertility and Birth Spacing

Friday, Feb. 18, 2011 Christian Traeger
UC Berkeley/ARE
Ambiguity, Confidence, and Discounting

Friday, Feb. 11, 2011 Hossein Farzin
UC Davis/ARE
Sustainaility, Optimality, and Development Policy

Friday, Feb. 4, 2011 Marianne Bitler
UC Irvine-Economics
Effects of Increased Access to Infertility Treatment on Infant and Child Health: Evidence from Health Insurance Mandates

Friday, Jan. 28, 2011 Katrina Jessoe
UC Davis-A.R.E.
Elections at what Cost? The Impact of Electricity Subsidies on Groundwater Extraction and Agricultural Production

Friday, Jan. 21, 2011 Robert Innes
UC Merced-Economics
Is Dishonesty Contagious?

Friday, Jan. 14, 2011 Marcelo Moreira
Columbia University
Contributions to the Theory of Similar Tests," joint with Humberto Moreira (FGV)

Friday, Dec. 10, 2010 James Sallee
University of Chicago/Harris School
What Do Consumers Believe About Future Gasoline Prices?

Friday, Dec. 3, 2010 Kitt Carpenter
Paul Merage School of Business-UC irvine
Public-Place Smoking Laws and Exposure to Environmental Tobacco Smoke (ETS)

Friday, Nov. 19, 2010 Travis Lybert
Dept. of Agricultural & Resource Economics-UC Davis

Friday, Nov. 12, 2010 NO SEMINAR

Friday, Nov. 5, 2010 Heather Royer/Dept. of Economics-UCSB
Joint Seminar w/UCB Econ Dept., Location: 608-7 Evans Hall
Incentives, Commitments and Habit Formation in Exercise: Evidence from a Field Experiment with Workers at a Fortune-500 Company

Friday, Oct. 29, 2010 Fangwen Lu
Dept. of Agricultural & Resource Economics-UCB
Insurance Coverage and Agency Problems in Doctor Prescriptions: Evidence from a Field Experiment in China

Friday, Oct. 22, 2010 Steve Hamilton
California Polytechnic-SLO , Joint Seminar with UCEI
Emissions Standards and Ambient Environmental Quality Standards in Stochastic Receiving Media

Friday, Oct. 15, 2010 Ben Crost
Dept. of Agricultural & Resource Economics-UCB
Aid Under Fire: Development Projects and Civil Conflict (with Patrick Johnston)

Friday, Oct. 8, 2010 Ted Miguel
Dept. of Economics-UCB
Long-run Labor Market Impacts of Child Health Investments in Kenya

Friday, Oct. 1, 2010 Koichiro Ito
Dept. of Agricultural & Resource Economics-UCB
How Do Consumers Respond to Nonlinear Pricing? Evidence from Household Electricity Demand

Friday, Sep. 24, 2010 Erick Gong
Dept. of Agricultural & Resource Economics-UCB
HIV Testing and Risky Sexual Behavior

Friday, Sep. 17, 2010 Damian Bickett
Dept. of Agricultural & Resource Economics-UCB
The Evolution of Water Marketing in California

Friday, Sep. 10, 2010 Santiago Guerrero
Dept. of Agricultural & Resource Economics-UCB
Exposing violators in the news: Evidence from the Mexican gasoline Market

Friday, Sep. 3, 2010 Jon Robinson
Department of Economics -UC Santa Cruz
The Return to Capital for Small Retailers in Kenya: Evidence from Inventories

Friday, Aug. 27, 2010 Howard Chong
Dept. of Agricultural & Resource Economics-UCB
This Old House: Energy Efficiency of New Versus Old Residential Buildings in Response To High Temperatures in California

Sunday, Jul. 4, 2010 None

Friday, May. 14, 2010 Doug Miller
UC Davis
Caution Drivers! Children Present. Traffic, Pollution, and Infant Health

Friday, May. 7, 2010 Matt Kahn
UC Los Angeles
Environmental Ideology and Economic Outcomes: Evidence from Electricity, Transportation and Housing Markets

Friday, Apr. 30, 2010 Jeff Perloff
UC Berkeley -A.R.E.
The iPhone Goes Downstream: Mandatory Universal Distribution

Friday, Apr. 23, 2010 Stephen Ryan
Joint Seminar with UCEI (presentation at UCEI 3:30-5:00--SEE--

Friday, Apr. 16, 2010 CANCELLED

Friday, Apr. 9, 2010 Christian Traeger
UC Berkeley-A.R.E.
Trading Off Generations: Infinitely-Lived Agent Versus OLG

Friday, Apr. 2, 2010 Scott Irwin
University of Illinois/Urbana-Champaign
The Price Impact of Index Funds in Commodity Futures Markets: Evidence from the CFTC’s Daily Large Trader Reporting System

Friday, Mar. 19, 2010 Darius Lakdawalla
Tort Liability and the Market for Pharmaceuticals [no paper available]

Friday, Mar. 12, 2010 Fred Finan
UC Berkeley -Economics Department
Vote-buying and Reciprocity [no paper available]

Friday, Mar. 5, 2010 Michael Anderson
UC Berkeley -A.R.E.
Vehicle Weight, Highway Safety, and Energy Policy [no paper available]

Friday, Feb. 26, 2010 Marco Gonzalez-Navarro
UC Berkeley & University of Toronto
Roads to Development: Experimental Evidence from Urban Road Pavement

Friday, Feb. 19, 2010 Suzi Kerr
Stanford University-Economics/MOTU
Emissions trading for forestry and agriculture: Policy design and integrated simulations in New Zealand

Friday, Feb. 12, 2010 Jeremy Magruder
UC Berkeley-A.R.E.
Who gets the job referral? Evidence from a social networks experiment

Friday, Feb. 5, 2010 Hilary Hoynes
UC Davis-Economics Department
Inside the War on Poverty: The Impact of Food Stamps on Birth Outcomes

Friday, Jan. 29, 2010 Gordon Rausser
UC Berkeley -A.R.E.

Friday, Jan. 22, 2010 Stefan Reichelstein
Stanford University-Graduate School of Business
Carbon Capture by Fossil Fuel Power Plants: An Economic Analysis

Friday, Dec. 11, 2009 Jill Luoto
UC Berkeley-A.R.E.
Information and Persuasion: Achieving SafeWater Behaviors in Kenya

Friday, Dec. 4, 2009 Justin Marion/UCSC*
*presentation at UCEI/UCB 3:30-5:00--SEE--

Friday, Nov. 27, 2009 Thanksgiving Holiday

Friday, Nov. 20, 2009 Laurian Unnevehr
USDA/Director, Food Economics Division

Friday, Nov. 13, 2009 Alan Sorensen
Stanford University
Calorie Posting in Chain Restaurants

Friday, Nov. 6, 2009 Carlos Dobkin
UC Santa Cruz-Dept. of Economics
Can Supply-Side Interventions Reduce Drug Use and its Adverse Consequences?

Friday, Oct. 30, 2009 Leo Simon/Gordon Rausser
UC Berkeley -A.R.E
The Determinants of Bargaining Power in Multilateral Negotiation Games

Friday, Oct. 23, 2009 David Matsa
Northwestern University-Kellogg School of Business
Competition and Product Quality in the Supermarket Industry

Friday, Oct. 16, 2009 Sarah Baird
George Washington University-Dept of Global Health
Sex and the Classroom: Can Girls Schooling be a Weapon Against HIV?

Friday, Oct. 9, 2009 Alan Olmstead
UC Davis-Econ
Adjusting to Climatic Variation: Historical Perspectives from North American Agricultural Development

Friday, Oct. 2, 2009 Larry Karp
UC Berkeley -A.R.E
Cap and Trade with a Safety Valve in the next Climate Agreement

Friday, Sep. 25, 2009 Meredith Fowlie UC Berkeley-ARE
**Presentation at Morgan Hall Lounge**

Friday, Sep. 18, 2009 CANCELLED

Friday, Sep. 11, 2009 Guanming Shi /University of Wisconsin-Madison
**Presentation at Morgan Hall Lounge**
An Analysis of Pricing in Horizontal and Vertical Markets: The Case of the U.S. Cottonseed Market