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| Registros recuperados: 3.309 | |
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| Sanders, Dwight R.; Manfredo, Mark R.; Greer, Tracy D.. |
| This research examines the potential basis behavior and hedging effectiveness for the Minneapolis Grain Exchange's (MGE's) cash settled corn contract. MGE futures cash settle to the National Corn Index (NCI) calculated by the Data Transmission Network (DTN). Focusing on seven regions in Illinois, the data suggest that NCI futures offer potential advantages over the existing Chicago Board of Trade (CBOT) corn futures. In particular, nearby basis variability could be reduced by 4¢ per bushel from 8.6¢ to 4.6¢ per bushel, and unconditional hedging effectiveness may increase from an average of 79% for the CBOT to 93% for the NCI. These results are statistically significant, and likely to be economically important given that agribusiness firms such as grain... |
| Tipo: Journal Article |
Palavras-chave: Basis behavior; Cash settlement; Corn futures; New contracts; Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/14672 |
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| Parcell, Joseph L.; Kalaitzandonakes, Nicholas G.. |
| Consumer perceptions of the potential negative side effects to the body and to the environment as well as consumer opinion regarding ethical issues of developing transgenic products has caused melee at times in the food marketing chain. This has prompted some firms, e.g., Frito Lay and Gerber, to publicly announce that grains and oilseeds produced using transgenic seed will not be used as an ingredient in the production of food. This research found little to support the notion that agro-biotechnology news and/ or recall/non-use announcements affected the CBOT corn futures market. As hypothesized, this result suggests that the market for non-transgenic corn is small relative to aggregate corn supply and demand, which the CBOT corn futures market... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing; Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2001 |
URL: http://purl.umn.edu/36124 |
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| Just, Richard E.; Rausser, Gordon C.. |
| The lens used by the courts and much of the antitrust literature on predatory selling and/or buying is based on partial equilibrium methodology. We demonstrate that such methodology is unreliable for assessments of predatory monopoly or monopsony conduct. In contrast to the typical two-stage dynamic analysis involving a predation period followed by a recoupment period, we advance a general equilibrium analysis that demonstrates the critical role of related industries and markets. Substitutability versus complementarity of both inputs and outputs is critical. With either monopolistic or monopsonistic market power (but not both), neither predatory overselling nor predatory overbuying is profitably sustainable. Two-stage predation/recoupment is profitable... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/7194 |
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| Rahman, Shaikh Mahfuzur; Turner, Steven C.; Costa, Ecio de Farias. |
| This study examines the feasibility of cross-hedging cottonseed meal with soybean meal futures. The Bayesian tests for market efficiency on the cash and futures price data soundly rejects the presence of nonstationary root. The simple linear regression of cottonseed meal cash prices on soybean meal futures provides a direct price movement relationship. Using the estimated hedge-ratios, the net realized prices are calculated for seven different cash markets. The net realized prices exhibit risk efficiency superior to cash pricing. The empirical analyses suggest that soybean meal futures can be used as a potential cross-hedging vehicle for cottonseed meal. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2000 |
URL: http://purl.umn.edu/16707 |
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| Iwamoto, Hiroyuki; Yamamoto, Yasutaka; Sato, Kazuo; Sawada, Manabu. |
| The purpose of this study is to examine the importance of the price, freshness, use of the HACCP label, and use of the Eco label (the latent attribute of the milk produced from the raw milk of dairy farms that comply with The Law, which protects the environment by legally enforcing manure treatment) in Japanese consumers’ milk purchasing decisions. We employ Choice Modeling to quantify the welfare change associated with the change in the levels of these attributes for a sample of Japanese consumers taken in December 2000. We found that consumers have a positive perception of the HACCP label, the Eco-milk label, and the freshness of the milk. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Choice Modeling; Japanese Consumers; Milk; Agricultural and Food Policy; Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/57896 |
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| Ivanova, Galina. |
| Using experimental economics tools this paper is testing one of the potential pitfalls in the renewable energy certificates (RECs) market in Australia. Stylised experiment highlighted that sellers' knowledge of the existence of the penalty to buyers for non compliance with mandatory requirements to have a certain number of RECs and the level of penalty in the duopoly market on supply side can push prices for unit of RECs higher than would occur in competitive market without penalty. The level of penalty was used by sellers as a "focal" point for setting the price for the unit. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/10360 |
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| Naik, Gopal; Leuthold, Raymond M.. |
| Empirical analysis examines the presence of basis risk, speculative component, and expected maturity basis component in basis relationships for nonstorable commodities. The results indicate that all three above components exist in both cattle and hog markets. The basis risk and speculative components vary across contracts. Hog markets showed seasonality, which helps explain the hog basis more accurately. Flexibility in making the marketing decision strengthens the explanation of intertemporal price relationships for both cattle and hogs beyond that previously attributed to only feed prices. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Marketing. |
| Ano: 1988 |
URL: http://purl.umn.edu/32106 |
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| Zhang, Ge; You, Wen; Nayga, Rodolfo M., Jr.. |
| This paper aims to explore the socio-economic profiles of the nutrition label users and focuses on seven key nutrients: calories, calories from fat, total fat, trans fat, saturated fat, cholesterol, and sodium. The data are from National Health and Nutrition Examination Survey (NHANES) 2005-2006 and Continuing Survey of Food Intakes by Individuals (CSFII) 1994-96. Similar conclusions are drawn from both data sets: those consumers who are older, better educated, higher income, female, and have higher nutrition knowledge will have higher probability to use nutrition labels; those consumers who are in larger size families and being either Hispanic or black have lower probability of using nutrition labels. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Socio-economic; Profiles; Nutrition Label; Users; Agricultural and Food Policy; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Marketing. |
| Ano: 2010 |
URL: http://purl.umn.edu/61638 |
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| Tostao, Emilio; Chung, Chanjin; Brorsen, B. Wade. |
| This study asks the question, what is the relationship between traditional models of market power and structural auction models? An encompassing model is derived that considers both price markdowns due to bid shading during an auction and price markdowns at the industry-level due to imperfect competition. Data from a cattle procurement experimental market is used to compare the appropriateness of the two alternative theories. Regression results show that while the number of firms is more important than the number of bidders on lot of cattle in explaining pricing behavior in the game, the number of bidders does contain some unique information and should be included in the model. Both the traditional NEIO and structural auction approaches overestimated... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/21244 |
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| Boniface, Bonaventure. |
| Research on buyer-seller relationships in the agricultural sector receives little attention. A growing body of evidence suggests that strong buyer-seller relationships facilitate more efficient supply chains. The long term relationship literature tends to treat suppliers as a homogenous group when attempting to identify motivations, strategies and incentives to enhance the quality of buyer-seller relationships. This article explores the role of long-term relationships between buyers and sellers in Malaysia’s dairy industry, taking into consideration the heterogeneous nature of the producers. Interviews with 133 producers provide the data for this study. Cluster analysis suggests two well-defined groups differing in terms of demographic characteristics and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Buyer-seller relationship; Price satisfaction dimensions; Cluster analysis; Dairy industry; Malaysia; Marketing. |
| Ano: 2011 |
URL: http://purl.umn.edu/100532 |
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| Registros recuperados: 3.309 | |
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