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Consumer Willingness to Pay for Breads Marketed as "Low-Carbohydrate" AgEcon
Wachenheim, Cheryl J.; Nganje, William E.; Kaitibie, Simeon; Johnston, Gretchen.
Bread producers are taking advantage of healthy feeding habits by developing new "low carbohydrate" products to entice customers. These low carbohydrate breads are generally more expensive than conventional types. This study tests the hypothesis that consumers are willing to pay higher premium for "low carbohydrate" breads at various locations and markets. We use retail data in a hedonic pricing framework to estimate the premium paid for the "low carbohydrate" attribute of bread. Results show that the implicit price of the "low carbohydrate" attribute of bread ranges from about 0.06¢ to 1.1¢ per gram, reflecting the amount consumers are willing to pay above the price of conventional bread.
Tipo: Conference Paper or Presentation Palavras-chave: Low carbohydrate bread; Hedonic price; Willingness to pay; Institutional and Behavioral Economics; D12.
Ano: 2005 URL: http://purl.umn.edu/19428
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Expert Opinion and the Demand for Experience Goods: An Experimental Approach AgEcon
Hilger, James; Rafert, Greg; Villas-Boas, Sofia Berto.
There exist two significant obstacles to analyzing the effect of expert opinion on consumer demand for experience goods: (1) the relationship between good reviews and high product demand may be spurious and driven by high product quality, and (2) even if expert opinion increases consumer demand, it is unclear whether it does so by providing quality information or by alerting consumers to the existence of a particular product. We utilize an experimental approach in a retail grocery chain in which we display expert opinion information for a group of randomly selected wines to overcome these obstacles. We find that although there is no overall consumer response to expert opinion provision, a subset of highly reviewed wines experienced an increase in demand....
Tipo: Working or Discussion Paper Palavras-chave: Food Consumption/Nutrition/Food Safety; Institutional and Behavioral Economics; Marketing.
Ano: 2007 URL: http://purl.umn.edu/6055
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Water users' association in 28L and 29R outlets of Mettupalayam Distributary in Lower Bhavani Project: farmers' experience AgEcon
Sureshvaran, R..
Tipo: Book Palavras-chave: Water users associations; Farmers associations; Water distribution; Farm Management; Institutional and Behavioral Economics.
Ano: 1995 URL: http://purl.umn.edu/113708
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CRIME AND THE QUALITY OF LIFE IN WISCONSIN COUNTIES AgEcon
Deller, Steven C.; Ottem, Thomas D..
The impact of crime on the local quality of life of a region is examined. Using the methods suggested by Roback (1982) hedonic pricing analysis is used to examine the effects of eight categories of crime on property values and wages. The hedonic results are then used to calculate the implicit prices of the various types of crime. Prices are computed for both urban and rural areas reflecting differences in lifestyle and the corresponding impact of crime. As expected, crime has a measurable negative cost and lowers overall quality of life in a region and the level of impact varies significantly by type of crime.
Tipo: Working or Discussion Paper Palavras-chave: Institutional and Behavioral Economics.
Ano: 2001 URL: http://purl.umn.edu/12652
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Read This Paper Even Later: Procrastination with Time-Inconsistent Preferences AgEcon
Fischer, Carolyn.
Salience costs, along with imperfect foresight, have been used in previous studies to explain procrastination of a one-time task. A companion to this paper, "Read This Paper Later: Procrastination with Time-Consistent Preferences" analyzes the extent to which procrastination of a divisible task is compatible with rational behavior. While the fully rational model explains key qualitative observations, it requires an extremely high rate of time preference or elasticity of intertemporal substitution to generate serious procrastination and cannot explain undesired procrastination at all. This paper investigates the extent to which dynamically inconsistent preferences can better explain such impatience and address the issue of self-control failures. Two types...
Tipo: Working or Discussion Paper Palavras-chave: Procrastination; Natural resource economics; Hyperbolic discounting; Differential discounting; Institutional and Behavioral Economics; Q3; D9; J22; J31.
Ano: 1999 URL: http://purl.umn.edu/10725
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THE IMPACT OF TRUST ON COOPERATIVE MEMBERSHIP RETENTION, PERFORMANCE, AND SATISFACTION: AN EXPLORATORY STUDY AgEcon
Hansen, Mark H.; Morrow, J.L., Jr.; Batista, Juan C..
This research explores the effect of trust in the relationships among members and between members and the management teams of two agricultural marketing cooperatives (co-ops). Specifically, this research focuses on the impact of trust on co-op members' performance, satisfaction, and their commitment to remaining a part of the co-ops. We examine trust along two dimensions: cognitive and affective. We argue that cognitive-based trust will be more salient in some contexts while affective-based trust will be more salient in other settings. Findings suggest that in both co-ops, trust among members and trust between members and co-op management are important predictors of group cohesion, which is a measure of the strength of members' desires to remain in a...
Tipo: Journal Article Palavras-chave: Agribusiness; Institutional and Behavioral Economics.
Ano: 2002 URL: http://purl.umn.edu/34587
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Theoretical and methodological topics in the institutional economics of European agriculture. With applications to farm organisation and rural credit arrangements. AgEcon
Petrick, Martin.
Tipo: Thesis or Dissertation Palavras-chave: Agricultural Finance; Community/Rural/Urban Development; Institutional and Behavioral Economics.
Ano: 2008 URL: http://purl.umn.edu/92318
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Infrastructure in developing countries: An overview of some economic issues AgEcon
Dethier, Jean-Jacques; Moore, Alexander.
This paper surveys the main issues and controversies in the economic literature on infrastructure in developing countries. Section I reviews the evidence on the role of infrastructure in promoting economic growth. It is argued that, although infrastructure may be more important for growth than other types of capital, the exact size and form of its effect is less clear than is often assumed. Section II looks at the issue of infrastructure “needs”, estimates of which are pervasive in both the academic and policy literature. It is argued that the preoccupation with such estimates is largely misplaced. More crucial is to develop systems of infrastructure enabling competition through an appropriate market structure. Therefore, section III reviews the economic...
Tipo: Working Paper Palavras-chave: Infrastructure; Developing Countries; Economic Growth; Regulation; Community/Rural/Urban Development; Institutional and Behavioral Economics; L9; L16; O16; O2.
Ano: 2012 URL: http://purl.umn.edu/123305
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Social Benefits of Multifunctional Agriculture in Finland AgEcon
Yrjola, Tapani; Kola, Jukka.
This study aims at assessing the costs and benefits of multifunctional agriculture, and it is one of the very first studies using a quantitative approach to this new subject. The starting point is that if current farm subsidies are regarded as means to maintain the multifunctional characteristics of agriculture, what happens if subsidies are reduced. The effects of the decline in agricultural support on multifunctional characteristics of agriculture in Finland are estimated using the cost-benefit analysis (CBA). Only a part of the consequences can be assessed by the CBA due to lack of data on the economic value of many elements of multifunctional agriculture. Hence, the results should not be generalised too strongly, but they still provide useful...
Tipo: Conference Paper or Presentation Palavras-chave: Multifunctional agriculture; Non-market benefits; Externalities; Cost-benefit analysis; Finland; Institutional and Behavioral Economics.
Ano: 2002 URL: http://purl.umn.edu/24812
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INVESTMENT, CREDIT CONSTRAINTS AND PUBLIC POLICY IN A NEOCLASSICAL ADJUSTMENT COST FRAMEWORK AgEcon
Cechura, Lukas.
This paper deals with the analysis of the impact of credit rationing on the farmer’s economic equilibrium and the analysis of different policy scenarios in a derived neoclassical adjustment cost framework. The theoretical model is an optimal dynamic investment model, in which the upper bound on investment is introduced. The limit of the investment enables to analyse the consequence of the occurrence of credit rationing on farmer’s capital accumulation, investment and supply. The method of optimal control is used to solve the optimization problem. The results show that the occurrence of credit rationing may significantly determine a farmer’s economic equilibrium. Then the analysis of defined policy scenarios suggests that a loan guarantee efficiently solves...
Tipo: Working or Discussion Paper Palavras-chave: Credit constraint; Investment; Capital; SGAFF (Supporting and Guarantee Agricultural and Forestry Fund); Adjustment cost and farmer’s economic equilibrium; Kreditrationierung; Investitionen; Kapital; EAGFL (Europäische Ausrichtungsund Garantiefond für die Landwirtschaft); Dynamische Anpassungskosten und langfristiges Gleichgewicht.; Agribusiness; Agricultural Finance; Financial Economics; Institutional and Behavioral Economics; Political Economy; C61; Q12; Q14; Q18.
Ano: 2008 URL: http://purl.umn.edu/91954
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Factors Impacting Participation In and Purchases Made by Members of the Oklahoma Food Cooperative AgEcon
Holcomb, Rodney B.; Kenkel, Philip L..
The Oklahoma Food Cooperative (OFC) facilitates transactions between producers and consumers of locally-grown food items. Even with more than 3,000 members and roughly $1M in annual sales, the OFC still needs to establish its long-term sustainability. Both customer-members and supplier-members of the OFC were surveyed to determine the factors driving their current and continued participation in the cooperative.
Tipo: Conference Paper or Presentation Palavras-chave: Cooperative; Local food movement; Member communications; Business sustainability; Strategic planning; Agribusiness; Institutional and Behavioral Economics; Marketing.
Ano: 2011 URL: http://purl.umn.edu/98816
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CHAIN QUALITY MANAGEMENT IN CO-OPERATIVES AgEcon
Hanf, Jon Henrich; Pieniadz, Agata.
This paper investigates the relationship between the chosen quality strategy and the vertical co-ordination mechanism of a focal company by using new institutional economics, as well as strategic management approaches. The theoretical findings are tested using evidence from 19 of the largest Polish dairy cooperatives, surveyed in spring 2006. The results show that all co-ops recognise the changing market requirements and are treating food quality as more than plain food safety and the ability to continuously reproduce an ex ante defined set of attributes. However, compared to investor-owned dairies, co-ops are disadvantaged in quality-based competition due to their lower flexibility and access to financial and qualified human resources. To overcome this...
Tipo: Conference Paper or Presentation Palavras-chave: Network theory; Relationship management; Quality management; Cooperatives; Poland; Institutional and Behavioral Economics.
Ano: 2007 URL: http://purl.umn.edu/7604
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Biophysical and institutional factors in watershed management: A comparative analysis of four pilot watershed projects in India’s tribal belt AgEcon
Sakthivadivel, Ramasamy; Bhattacharya, Kamal; Scott, Christopher A..
Tipo: Working or Discussion Paper Palavras-chave: Watershed management; Development projects; Institutions; Social aspects; Institutional and Behavioral Economics; Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/92658
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INSTITUTIONAL REFORM IN THE COMMERCIAL AGRICULTURAL SECTOR OF SOUTH AFRICA: AN INSTITUTIONAL REVIEW OF PAST AND PRESENT STRUCTURES, AND AN ASSESSMENT OF ISSUES AND OPTIONS FOR PRIVATE BASED REFORM INITIATIVES AgEcon
Aling, James N..
The changing political economy and present structure and performance of the commercial agricultural sector in South Africa necessitates change. An institutional approach is adopted to review the origin of past and present institutions and organizations in the commercial sector. Private based reform initiatives are focused upon as one of the possible processes through reform in the sector can be undertaken. The private based reform initiatives undertaken in the sugar sub sector are analyzed from a situation, structure and performance perspective in attempt to explain the origins and outcomes of these initiatives. Successful lessons from the case study are examined with two other private based reform initiatives, namely sharecropping and employee share...
Tipo: Thesis or Dissertation Palavras-chave: Institutional and Behavioral Economics.
Ano: 1991 URL: http://purl.umn.edu/11073
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INSTITUTIONAL INNOVATION TO INCREASE FARMERS' REVENUE: A CASE STUDY OF SMALL SCALE FARMING IN SHEEP: TRANSKEI REGION, SOUTH AFRICA AgEcon
D'Haese, Marijke F.C.; Verbeke, Wim; Van Huylenbroeck, Guido; Kirsten, Johann F.; D'Haese, Luc.
Commercial producers, brokers, exporters and spinners dominate the wool supply chain in South Africa. Until recently smallholder farmers in the Transkei region had limited access to a profitable market outlet for their wool. In response, the South African wool industry has taken the initiative to help local farmers by building shearing sheds, under which the local association can bulk the wool and trade directly with the brokers. More direct access to the wool brokers is a prerequisite for the farmer to develop a viable business. This article investigates on the effect of membership in the local shearing shed association on the farmers' revenue. A two-step regression model of the gross margin is used to analyse whether farmers selling through the...
Tipo: Conference Paper or Presentation Palavras-chave: Rural development; Institutional innovation; South Africa; Heckman procedure; Transaction costs.; Institutional and Behavioral Economics.
Ano: 2003 URL: http://purl.umn.edu/25888
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KNOWLEDGE MANAGEMENT AND COMMUNITIES OF PRACTICE: AN EXPERIENCE FROM RABOBANK AUSTRALIA AND NEW ZEALAND AgEcon
Hinton, Brad.
Knowledge and information transfer have become important ingredients for an organisation's competitive advantage. Knowledge management has emerged as an overarching strategy to enhance knowledge creation, information transfer, utilisation, and reticulation in order to generate innovation and improve organisational performance. Part of this strategy involves the creation of Communities of Practice. These are networks of individuals with a common, shared purpose grouped together to facilitate knowledge building, idea creation and information exchange. The experience establishing Communities of Practice at Rabobank Australia and New Zealand is examined.
Tipo: Journal Article Palavras-chave: Institutional and Behavioral Economics.
Ano: 2003 URL: http://purl.umn.edu/34328
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Bilateral Commitment AgEcon
Bade, Sophie; Haeringer, Guillaume; Renou, Ludovic.
We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of implementable profiles and provide a simple method to find them. Profiles implementable by bilateral commitments are shown to be generically inefficient. Surprisingly, allowing for gradualism (i.e., step by step commitment) does not change the set of implementable profiles.
Tipo: Working or Discussion Paper Palavras-chave: Institutional and Behavioral Economics.
Ano: 2006 URL: http://purl.umn.edu/12160
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Welfare distribution and poverty in Uganda, 1992 to 2000 AgEcon
Okidi, John A.; Okwi, Paul O.; Ddumba-Ssentamu, John.
This study covers a period of far-reaching economic reform policies and programs in Uganda. Measures of inequality and stochastic dominance analysis are applied to a series of regionally representatives national household surveys data to shed light on the patterns of inter-temporal changes in levels and distribution of welfare in Uganda. Stochastic dominance analysis of welfare distribution reveals that Ugandan households were better off in 2000 and 1997 than in 1992 irrespective of the choice of a poverty line. Using a sub-regional panel data set that was constructed on the basis of rural/urban categorization we estimate elasticities of poverty with respect to growth to illustrate that deliberate policies focusing on welfare distribution would...
Tipo: Report Palavras-chave: Uganda; Inequality; Stochastic dominance; Poverty reduction; Poverty elasticities; Okidi; EPRC; Consumer/Household Economics; Financial Economics; Institutional and Behavioral Economics; Labor and Human Capital; Livestock Production/Industries; Political Economy; Public Economics; Research Methods/ Statistical Methods.
Ano: 2003 URL: http://purl.umn.edu/93853
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SOCIAL CAPITAL, TRANSITION IN AGRICULTURE, AND ECONOMIC ORGANISATION: A THEORETICAL PERSPECTIVE AgEcon
Valentinov, Vladislav.
ABSTRACT Social capital is defined as the shared knowledge, trust, and culture, embodied in the structural forms of networks and other stable inter-agent relationships. Social capital has been shown to be more difficult to build than economic capital, and to have greater beneficial effects for community as a whole. The relevance of the social capital concept for transitional agenda is explained by the increasing responsibility of private collective action and grass-roots decisions in managing the business activities in agriculture, since this is required by the more democratic foundations of the market economy. Different forms of business organisations are shown to be differentially but consistently associated with social capital, with the major social...
Tipo: Working or Discussion Paper Palavras-chave: Social capital; Agricultural cooperative; Economic organisation; Sozialkapital; Agrargenossenschaft; Ökonomische Organisation; Agribusiness; Institutional and Behavioral Economics; D23; P31.
Ano: 2003 URL: http://purl.umn.edu/14935
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Institutional factors affecting irrigation performance in Pakistan: research and policy priorities AgEcon
Bandaragoda, Don Jayatissa; Firdousi, G.R..
The strong irrigation tradition has sustained the broad based community interest in irrigation. The result is a very complex institutional milieu in which a set of formally established irrigation rules and organizations exists side by side with an intricate set of social institutions. The two sets act like a dual system often in conflict with each other. The authors, while analyzing the present institutional barriers, have highlighted the importance of irrigation rules and procedures in the institutional framework.
Tipo: Book Palavras-chave: Irrigation management; Performance evaluation; Institutions; Poverty; Legislation; Food Security and Poverty; Institutional and Behavioral Economics.
Ano: 1992 URL: http://purl.umn.edu/113726
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