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| Love, H. Alan; Burton, Diana M.. |
| Partial backward integration is prevalent in many agricultural and natural resource processing industries. A strategic rationale for partial backward integration is developed for a dominant firm with a competitive fringe purchasing from competitive input suppliers. A partially backward integrated dominant firm potentially can increase profit through production efficiency gains and through a lower price for externally purchasing input. The optimal degree of backward integration results when the dominant firm's profit from exerting monopsony market power in the external spot market equals its profit from producing raw input internally, less the incremental cost of acquiring internal raw input production capacity. Comparative statics results are consistent... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1999 |
URL: http://purl.umn.edu/30868 |
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| Burton, Diana M.. |
| This session explores various farm management practices within the context of sustainability and environmental uncertainty. Impacts of Global Warming on Cropping Practices in Alberta A. M. Walburger and K. K. Klein, University of Lethbridge. The Value of El Nino Forecast Methods for the U.S. Winter Wheat Producers, Do They Differ? Harvey Hill, Jaehong Park, Wesley Rosenthal, H. Alan Love, Stephen W. Fuller. Trading Poultry Litter at the Watershed Level: A Goal Focusing Approach Kezelee Jones, Gerard D'Souza. A Futuristic Look at the Use of Grazed Forages in the Western United States Larry Van Tassell, University of Wyoming; E. Tom Bartlett, Colorado State University; John Mitchell, U.S. Forest Service. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Farm Management. |
| Ano: 1998 |
URL: http://purl.umn.edu/20910 |
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| Burton, Diana M.; Love, H. Alan. |
| Price expectations play a critical role in commodity markets where producers must make input decisions well before output is realized. This paper brings together alternative expectations regimes, their estimation, and hypothesis tests for use in structural commodity models to determine their use by commodity producers. Extrapolative mechanisms and rational expectations are considered under risk neutrality and risk aversion. The assumptions implicit in the use of aggregate data in these models are made explicit. Structural models using individual survey data are discussed. While Muth's rational expectations hypothesis has found widespread acceptance in the macroeconomic literature, empirical results from industry studies indicate that commodity... |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1996 |
URL: http://purl.umn.edu/31417 |
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| Burton, Diana M.; Love, H. Alan. |
| In processing industries, plant location decisions are costly and have consequences for firm profitability. When raw materials are heavy or perishable, transportation costs limit shipping distances and processors must compete locally for raw material inputs. To determine the likely profitability of a new plant, a processor must forecast the effect entry will have on local post-entry raw material price. This requires anticipating how entry will affect market structure and intensify competition for raw materials. Using an econometric representation of game-theoretic Nash equilibria relating input prices to processor competition in local procurement areas, an empirical model is developed to ex ante forecast the likely impact of entry on input price. The... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Input price; Entry; Agribusiness; Industrial Organization; Livestock Production/Industries. |
| Ano: 2011 |
URL: http://purl.umn.edu/103323 |
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| Burton, Diana M.; McCarl, Bruce A.; de Sousa, Claudio N.M.; Adams, Darius M.; Alig, Ralph J.; Winnett, Steven M.. |
| A multiperiod regional mathematical programming model is used to evaluate the potential economic impacts of global climatic change on the southern U.S. forestry sector. Scenarios for forest biological response to climate change are developed for small and large changes in forest growth rates. Resulting changes in timber supply have economic impacts on producers and consumers in forest products markets, both nationally and regionally. Conclusions include outer dimensions of global climate change impacts and potential effects of smaller biological responses on the forestry sector both nationally and in the U.S. South. Relative impacts are found to be larger for producers than for consumers, and southern producers experience relatively greater changes in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1997 |
URL: http://purl.umn.edu/24002 |
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