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A Hedonic Analysis of Sheep and Goat Prices in a Changing Environment: The Role of Consumers and Implications for Management AgEcon
Singh-Knights, Doolarie; Smith, Dennis K.; Knights, Marlon.
This paper examines whether buyers of live lambs and goats in the Northeast region have systematic preferences for specific live product attributes (age, weight, market class, sales lot size, market location and timing of sale) and whether they pay significantly different prices for these attributes consistent with their preferences. Non-linear hedonic models are estimated using auction price and quality data for live lambs and goats in specific Northeast markets. The results indicate that both lamb and goat buyers have systematic preferences for specific weight, market class and timing of sale, and that these preferences are implicitly reflected in prices offered in traditional auction markets. Producers can capitalize on price differences based on...
Tipo: Conference Paper or Presentation Palavras-chave: Institutional and Behavioral Economics.
Ano: 2005 URL: http://purl.umn.edu/19289
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AN ECONOMIC ANALYSIS OF THE RELATIONSHIP OF POVERTY AND INCOME INEQUALITY IN RURAL WEST VIRGINIA AgEcon
de Sousa, Semoa C.B.; Gebremedhin, Tesfa G.; Smith, Dennis K.; Colyer, Dale.
Ordinary and two-stage least square regressions were used to examine the major determinants of poverty and income inequality with cross-sectional data of 38 rural counties of West Virginia. The empirical findings confirm the possibility of simultaneity between poverty and income inequality and poverty level is the main determinant of increased levels of income inequality. The proportions of population in welfare, population of age 65 or older, female-headed households, people unemployed, and the level of inequality contributed to increased poverty levels. The proportion of employment shares in finance, insurance and real estate, and per capita income contributed to reduced poverty levels. But, per capita income, the proportion of human capital stock, and...
Tipo: Conference Paper or Presentation Palavras-chave: Food Security and Poverty.
Ano: 2001 URL: http://purl.umn.edu/20536
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Determinants of Entrepreneurship and Small Business Activity: A Two-Stage Regression Analysis AgEcon
Singh-Knights, Doolarie; Smith, Dennis K.; Budumuru, Yoganand.
We developed a theoretical model of state-level entrepreneurship activity, as measured independently by firm creation, patent applications and presence of 500Inc. firms. We estimated the roles of innovations, financial capital, state resources and entrepreneurial climate. The empirical results suggest all of these factors are important in explaining some measure of entrepreneurial activity. Most importantly, we find that there is no single set of variables most important in explaining the three different measures of entrepreneurial activity used in this analysis, that is, with the exception of entrepreneurial climate. The parameter estimate for entrepreneurial climate was significantly different from zero for all the measures of entrepreneurial...
Tipo: Conference Paper or Presentation Palavras-chave: Financial Economics.
Ano: 2006 URL: http://purl.umn.edu/21447
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INDUSTRIAL DEVELOPMENT IN A DEPRESSED AREA: MALE-FEMALE DIFFERENCES IN ATTITUDES AgEcon
Stout-Wiegand, Nancy; Smith, Dennis K.; Jallow, Saba.
Tipo: Journal Article Palavras-chave: Community/Rural/Urban Development.
Ano: 1985 URL: http://purl.umn.edu/28950
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THE INVESTMENT POTENTIAL OF WARM-SEASON GRASSES FOR HILL-LAND BEEF PRODUCERS AgEcon
D'Souza, Gerard E.; Romero, Rafael F.; Smith, Dennis K..
The investment potential of warm-season grasses is compared with that of cool-season grasses, with special emphasis on hill-land beef production. In addition to evaluating relative costs and returns for various grazing systems, a sensitivity analysis is conducted. The results are then illustrated for a representative hill-land farm in West Virginia, and both an optimal and a set of quasi-optimal solutions are generated within the linear programming framework. In general, warm-season grasses are found to be a superior investment alternative for hill-land beef producers.
Tipo: Journal Article Palavras-chave: Livestock Production/Industries.
Ano: 1988 URL: http://purl.umn.edu/29071
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