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Registros recuperados: 10
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A note on the performance measure of conservation auctions AgEcon
Latacz-Lohmann, Uwe; Schilizzi, Steven.
We argue that previous assessments of discriminatory-price conservation auctions may have systematically overestimated their performance relative to uniform-payment schemes due to an inappropriate counterfactual comparison. We demonstrate that the cost curve (and not the bid curve) is the relevant supply curve when a uniform payment is offered and provide a theoretically rigorous counterfactual based on that insight. We estimate that the performance of BushTender may have been overrated by more than 50%.
Tipo: Working or Discussion Paper Palavras-chave: Auctions; Procurement; Tenders; Conservation; Economic experiments; Model validation; Plus: assessment method; Agricultural policy; Environmental policy; Market-based instruments; Environmental Economics and Policy; Research Methods/ Statistical Methods; C91; C92; D44; Q24; Q28.
Ano: 2011 URL: http://purl.umn.edu/100885
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ALTERNATIVE FLUID MILK PROCUREMENT SYSTEMS FOR FLORIDA DAIRY FARMERS AgEcon
Nubern, Christopher A.; Kilmer, Richard L..
This article evaluates the effects of alternative fluid milk procurement strategies on the aggregate net revenue of Florida cooperative members. They are (1) supplemental milk obtained from import sources, (2) supplemental milk obtained from a supply plant, (3) increased supply as a result of an expanded production area, and (4) supplemental milk obtained through pooling arrangements with regional dairy cooperatives. The final ranking of a scenario appears to be dependent primarily on the total cost of exports within the model. The optimal procurement strategy for Florida cooperatives should concentrate on reducing the quantity of surplus milk.
Tipo: Journal Article Palavras-chave: Cooperative; Exports; Imports; Net revenue; Pooling; Procurement; Livestock Production/Industries.
Ano: 1995 URL: http://purl.umn.edu/15256
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Competition In or For the Field: Which Is Better? AgEcon
Engel, Eduardo M.R.A.; Fischer, Ronald; Galetovic, Alexander.
In many circumstances, a principal, who wants prices to be as low as possible, must contract with agents who would like to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent bidding the lowest price (competition for the field) with having two agents provide the good under (imperfectly) competitive conditions (competition in the field). We obtain a simple sufficient condition showing unambiguously which option is best. The condition depends only on the shapes of the surplus function of the principal and the profit function of agents, and is independent of the particular duopoly game played ex post. We apply this condition to three canonical examples-procurement, royalty contracts and...
Tipo: Working or Discussion Paper Palavras-chave: Demsetz auction; Double marginalization; Franchising; Joint vs. separate auctions; Monopoly; Procurement; Dealerships; Royalty contracts; Research Methods/ Statistical Methods; D44; L12; L92.
Ano: 2002 URL: http://purl.umn.edu/28406
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Contract Design for Biodiversity Procurement AgEcon
Bardsley, Peter; Burfurd, Ingrid.
Market based instruments are proving increasingly effective in biodiversity procurement and in regulatory schemes to preserve biodiversity. The design of these policy instruments brings together issues in auction design, contract theory, biology, and monitoring technology. Using a mixed adverse selection, moral hazard model, we show that optimal contract design may differ significantly between procurement and regulatory policy environments.
Tipo: Conference Paper or Presentation Palavras-chave: Biodiversity; Procurement; Adverse selection; Moral hazard; Contract theory.
Ano: 2009 URL: http://purl.umn.edu/48047
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Contracting arrangements in agribusiness procurement practices in South Africa AgEcon
Vermeulen, Hester; Kirsten, Johann F.; Sartorius, Kurt.
Contracting arrangements in agribusiness procurement practices in South Africa
Tipo: Journal Article Palavras-chave: Procurement; Contracting; Agro-processing.
Ano: 2008 URL: http://purl.umn.edu/37585
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Cooperatives and Contracting in Agriculture: The Case of West Liberty Foods AgEcon
Ginder, Roger G.; Hueth, Brent; Marcoul, Philippe.
The West Liberty Foods turkey cooperative was formed in 1996 to purchase the assets and assume operations of Louis Rich Foods (an investor-owned processing firm), which, at the time, announced the imminent shutdown of its West Liberty, Iowa, processing facility. We study the creation and performance of this "new generation" cooperative using field interviews with grower members and company management. We describe changes, before and after the buyout, in the contractual apparatus used for procuring live turkeys, and in the communication requirements, work expectations, and financial positions of growers. During the private ownership period, most of the inputs (except labor and facilities) were provided by the firm; there was substantial supervision of the...
Tipo: Working or Discussion Paper Palavras-chave: Cooperatives; Procurement; Financial contracting; Agriculture; Agribusiness.
Ano: 2005 URL: http://purl.umn.edu/18583
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Evaluating conservation auctions with limited information: the policy maker’s predicament AgEcon
Schilizzi, Steven; Latacz-Lohmann, Uwe.
Buying environmental services from private landholders using tendering mechanisms are usually subject to a budget constraint. Auction theory has mostly focused on target-constrained auctions and is less well developed for this type of auction. This paper examines a theoretical model specifically developed for budget-constrained tenders and assesses its capacity to predict tendering performance under information limitations typical of those found in field applications. But this assessment cannot be done without complementing the model with controlled laboratory experiments. Subject to their external validity, we find that the model is able to make the correct policy recommendation when comparing the tender to an equivalent fixed price scheme, even when the...
Tipo: Working or Discussion Paper Palavras-chave: Auctions; Procurement; Tenders; Conservation; Economic experiments; Model validation; Environmental Economics and Policy; Land Economics/Use; C91; C92; D44; Q24; Q28.
Ano: 2011 URL: http://purl.umn.edu/100884
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Food Procurement by USDA's Farm Service Agency AgEcon
MacDonald, James M.; Handy, Charles R.; Plato, Gerald E..
USDA's Farm Service Agency (FSA) purchases food products for distribution through several of the Department's food assistance programs. This report describes FSA purchase methods and compares them to procurement strategies used by other Federal agencies and by private sector firms. It summarizes the principal policy issues faced by FSA in designing procurement strategies. And it uses a detailed statistical analysis to compare FSA prices to those realized in the private sector, and to identify the separate effects of agricultural commodity prices, seasonality, client location, purchase volumes, product characteristics, and competition on FSA product prices.
Tipo: Report Palavras-chave: Procurement; Auctions; Food assistance; Competition; Food Consumption/Nutrition/Food Safety.
Ano: 1998 URL: http://purl.umn.edu/33925
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GRAIN QUALITY IN THE CANADIAN BARLEY SECTOR: A REVIEW OF REGULATIONS, INDUSTRY PRACTICES, AND POLICY ISSUES AgEcon
Johnson, D. Demcey.
This paper provides an overview of regulations and industry practices relating to grain quality in Canada's barley sector. Special attention is devoted to malting barley. Topics include: supply and disposition of barley in Canada; role of institutions (Canadian Grain Commission and Canadian Wheat Board); grades and standards; variety registration; malting barley selection; and recent changes in handling, procurement, and marketing.
Tipo: Working or Discussion Paper Palavras-chave: Barley; Grain quality; Marketing; Procurement; Canada; Marketing; Production Economics.
Ano: 1999 URL: http://purl.umn.edu/23408
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Predicting the performance of conservation tenders when information on bidders's costs is limited AgEcon
Schilizzi, Steven; Latacz-Lohmann, Uwe.
Buying environmental services from private landholders using tendering mechanisms are usually subject to a budget constraint. Auction theory has mostly focused on target-constrained auctions and is not well developed for this type of auction. This paper examines the predictive capacity of a simple model developed for budget-constrained tenders, already used to design new conservation programs, by submitting it to controlled lab experiments. We study the capacity of the model to predict both experimental bids and the performance of the auction institution, based on the kind of limited information typically available to a conservation agency. We conclude there exists an optimal level of information on bidders’ costs, neither too large nor to small, making...
Tipo: Conference Paper or Presentation Palavras-chave: Auctions; Procurement; Tenders; Conservation; Learning; Economic experiments.
Ano: 2009 URL: http://purl.umn.edu/48171
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