|
|
|
| Registros recuperados: 91 | |
|
| |
|
| |
|
| |
|
|
| Babcock, Bruce A.; Hayes, Dermot J.; Griffin, Steven C.. |
| Building on recent work by Mirand and Glauber (1997), this report shows that it is feasible to use exchange-based contracts as a substitute for the Standard Reinsurance Agreement (SRA). The contract we analyze here is a Group Revenue Contract, which would allow producers to guarantee against reductions in county-level revenues. The insurance company would then purchase put options on an exchange-based revenue contract to protect against statewide revenue shortfalls. The analysis suggests that this reinsurance tool would eliminate most though not all of the systemic risk associated with this product. The insurance company would have to purchase supplemental reinsurance to complement the exchange-based product, but the level of reinsurance needed would not... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Exchange-based revenue; Agricultural insurance; Reinsurance; Risk management; Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/18408 |
| |
|
|
| Mason, Chuck; Hayes, Dermot J.; Lence, Sergio H.. |
| The present study estimates the probability density function of the Federal Risk Management Agency's (RMA) net income from reinsuring crop insurance for corn, wheat, and soybeans. Based on 1997 data, it is estimated that there is a 5 percent probability that RMA will need to reimburse at least $1 billion to insurance companies, and that the fair value of RMA's reinsurance services to insurance firms equals $78.7 million. In addition, various hedging strategies are examined for their potential to reduce RMA's reinsurance risk. The risk reduction achievable by hedging is appreciable, but use of derivative contracts alone is clearly no panacea. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries; Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/18481 |
| |
|
|
| Du, Xiaodong; Hayes, Dermot J.. |
| Using pooled regional time-series data and panel data estimation, we quantify the impact of monthly ethanol production on monthly retail regular gasoline prices. This analysis suggests that the growth in ethanol production has caused retail gasoline prices to be $0.29 to $0.40 per gallon lower than would otherwise have been the case. The analysis shows that the negative impact of ethanol on gasoline prices varies considerably across regions. The Midwest region has the biggest impact, at $0.39/gallon, while the Rocky Mountain region had the smallest impact, at $0.17/gallon. The results also indicate that ethanol production has significantly reduced the profit margin of the oil refinery industry. The results are robust with respect to alternative model... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crack spread; Crude oil prices; Ethanol; Gasoline prices; Demand and Price Analysis; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/6235 |
| |
|
| |
|
| |
|
| |
|
|
| Dumortier, Jerome; Hayes, Dermot J.; Carriquiry, Miguel A.; Dong, Fengxia; Du, Xiaodong; Elobeid, Amani E.; Fabiosa, Jacinto F.; Tokgoz, Simla. |
| We analyze the sensitivity of greenhouse gas (GHG) emissions from land-use change to modifications in assumptions concerning crop area, yield, and deforestation. For this purpose, we run a modified version of the Center for Agricultural and Rural Development (CARD) Agricultural Outlook Model, which was used previously to assess the impacts of energy price increases and biofuel policy changes on land conversion. To calculate the GHG implications of agricultural activity, we use GreenAgSiM, a model developed to evaluate emissions from land conversion and agricultural production. Both models are applied to scenarios that lead to higher US ethanol production. The results are contrasted with the findings of Searchinger et al., and we explain the role of model... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Biofuel; Crop yield; Greenhouse gas emissions; Indirect land-use change.; Agricultural and Food Policy; Crop Production/Industries; Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/51945 |
| |
|
|
| Buhr, Brian L.; Hayes, Dermot J.; Shogren, Jason F.; Kliebenstein, James B.. |
| A split-valuation method is developed and implemented to elicit the willingness to pay to consume- or avoid consuming- a product of ambiguous quality. The split-valuation method uses experimental auction markets to separate and value the positive and negative attributes of the ambiguous good. The results show that the method can be used to successfully value a good ambiguous quality. Our application reveals that for a sample of students at a midwestern land-grant institution, the average respondent is willing to pay a premium for meat produced with the use of a genetically engineered growth enhancer that has 30% to 60% fewer calories and is 10% to 20% leaner. |
| Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics. |
| Ano: 1993 |
URL: http://purl.umn.edu/30963 |
| |
|
|
| Mennecke, Brian; Townsend, Anthony M.; Hayes, Dermot J.; Lonergan, Steven. |
| This study utilizes an analysis technique commonly used in marketing, the conjoint method, to examine the relative utilities of a set of beef steak characteristics considered by a national sample of 1,432 U.S. consumers, as well as additional localized samples representing undergraduate students at a business college and in an animal science department. The analyses indicate that among all respondents, region of origin is by far the most important characteristic; this is followed by animal breed, traceability, the animal feed used, and beef quality. Alternatively, the cost of cut, farm ownership, the non-use of growth promoters, and whether the product is guaranteed tender were the least important factors. Results for animal science undergraduates are... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Conjoint market analysis; Consumer preferences; Country of origin; Steak quality; Traceability; Transactions costs; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries. |
| Ano: 2006 |
URL: http://purl.umn.edu/18539 |
| |
|
| |
|
| |
|
| |
|
|
| Fuller, Frank H.; Hu, Dinghuan; Huang, Jikun; Hayes, Dermot J.. |
| This report documents data and other information gathered from a survey of rural households in China. The survey was conducted as part of a research project aimed at assessing the potential for meat and feed grain exports to China. Responses to the survey questions provide information about grain and livestock production practices, costs of production, animal inventories, and feeding practices. The report describes the survey and collection process, summarizes selected data from the survey, and provides anecdotal information about livestock production and marketing in Chongqing, Sichuan, Shandong, and Jilin provinces. |
| Tipo: Working or Discussion Paper |
Palavras-chave: China; Cost of production; Feed use; Livestock marketing; Livestock production; Surveys; Livestock Production/Industries. |
| Ano: 2001 |
URL: http://purl.umn.edu/18671 |
| |
|
| |
|
|
| Rosas, Francisco; Hayes, Dermot J.. |
| This paper develops a method to jointly estimate crop yield elasticities and area elasticities with respect to output prices based on a theoretically consistent model. The model uses a duality theory approach for the multi-output and multi-input firm, and introduces uncertainty in the level of target output which conditions the cost minimization problem, in the output prices and in the conditional input demand functions. The underlying production technology is conditioned on fixed inputs, both allocatable and non-allocatable. Up to our knowledge, there have been no theoretical developments of this type of models for multioutput technologies. Our approach is also novel because no previous model of this type has introduced the effects of allocatable fixed... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Yield elasticities; Area elasticities; Duality theory; Cost function; Uncertainty; Production Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/61345 |
| |
|
| |
| Registros recuperados: 91 | |
|
|
|
