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Darren Hudson AgEcon
Hudson, Darren.
Tipo: Journal Article Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 2011 URL: http://purl.umn.edu/113914
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Problem Solving and Hypothesis Testing Using Economic Experiments AgEcon
Hudson, Darren.
The roots and uses of economic experiments in problem solving and hypothesis testing are explored in the present article. The literature suggests that the primary advantage of economics experiments is the ability to use controlled stimuli to test economic hypotheses. Other literature also suggests that experiments are useful in problem solving settings. The advantages and disadvantages of experiments are discussed.
Tipo: Journal Article Palavras-chave: Experiments; Problem solving; Hypothesis testing; C81; C91; C92; C93.
Ano: 2003 URL: http://purl.umn.edu/43209
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Impact of Hunting and Fishing on Mississippi Counties AgEcon
Whittington, Andrew; Parkhurst, Gregory M.; Hudson, Darren; Buller, Virginia.
Mississippi is largely agricultural with access to many watersheds, the combination of which makes the state attractive to hunters and fishermen. This paper investigates the impact of hunting/fishing on the sales tax revenue in the counties of Mississippi. Our results indicate that a 1% increase in the non-resident hunting/fishing license sold increases tax revenue by $14,535.65 per county on average.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/35525
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THE INFLUENCE OF MARKET STRUCTURE ON THE IMPACTS OF DOMESTIC SUBSIDIES ON INTERNATIONAL COTTON MAREKTS AgEcon
Pan, Suwen; Hudson, Darren; Ethridge, Don E..
This analysis uses a residual demand elasticity model to measure market power of the international cotton market. The results indicate that both china and U.S. dominate the cotton price with a higher market power in china compared to the U.S. Those test results combined with a partial equilibrium model of the international cotton market are used to study the welfare consequences of U.S. cotton subsidy policies for major cotton exporters under alternative assumptions about global market structure. The results indicate that the effects of U.S. subsidies on world cotton price are much smaller under monopsony and double power (with china as a monopsony and U.S. as a monopoly) market assumption than those under complete competitive market scenarios.
Tipo: Conference Paper or Presentation Palavras-chave: U.S. Cotton Commodity Programs; Global Market Structure; International Trade; Agricultural and Food Policy; International Relations/Trade.
Ano: 2009 URL: http://purl.umn.edu/51196
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The Impacts of Eliminating the Direct Payments on the U.S. Cotton Market AgEcon
Pan, Suwen; Hudson, Darren; Mutuc, Maria Erlinda M..
This study analyzes the effects of eliminating direct payments paid to cotton farmers in the U.S. Our results suggest that while the impact of eliminating direct payments on domestic production is offset to some extent by rising prices, the more significant effect is on farmers’ net income.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy; Production Economics.
Ano: 2011 URL: http://purl.umn.edu/98627
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Response of Cotton to Oil Price Shocks AgEcon
Mutuc, Maria Erlinda M.; Pan, Suwen; Hudson, Darren.
Selected Paper prepared for presentation at the Southern Agricultural Economics Association Annual Meeting, Orlando, FL, February 6-9, 2010
Tipo: Conference Paper or Presentation Palavras-chave: Cotton; Oil price; Demand shocks; Supply shocks; Structural vector autoregression; Demand and Price Analysis; Industrial Organization.
Ano: 2010 URL: http://purl.umn.edu/96675
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SOYBEANS QUALITY PRICE DIFFERENTIALS FROM AN ELEVATOR'S PERSPECTIVE AgEcon
Murova, Olga I.; Mumma, Gerald A.; Hudson, Darren; Couvillion, Warren C..
Soybean prices are determined by interaction between various factors. At an elevator, discount prices for unique characteristics can range from 0.02 cents per bushel to 7.71 cents per bushel of soybeans. This variation suggests that producers of soybeans need quality-characteristic specific information concerning soybeans pricing at the market. This study uses a hedonic model to evaluate price differentials associated with soybean quality based on grain elevator data during the 1998 production period. Foreign material, moisture, bean damage, and net weight were found to significantly influence the cash price of soybeans.
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic; Quality; Discount; Crop Production/Industries; Demand and Price Analysis.
Ano: 1999 URL: http://purl.umn.edu/21523
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CROSS-COMMODITY PERSPECTIVE ON CONTRACTING: EVIDENCE FROM MISSISSIPPI AgEcon
Hudson, Darren.
This analysis presents the results of a survey of agricultural producers in Mississippi regarding their use of contracting. The study focuses on cross-commodity differences in contracting and the variable underlying contracting. Logistic regression models are used to examine the impacts of variables coming from transactions cost economics and risk on contracting decisions. Support is found for the effects of transactions cost, but price risk is not found to be an important determinant of contracting decisions.
Tipo: Working or Discussion Paper Palavras-chave: Farm Management.
Ano: 2001 URL: http://purl.umn.edu/15800
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Discussion: The Economics of Animal Welfare AgEcon
Hudson, Darren.
This discussion highlights some of the strengths and weaknesses of the literature on animal welfare. Most pointedly, the literature on the economics of animal welfare is quite scant. As exemplified by these papers, however, there is a growing body of literature, especially those related to added costs of production and consumer demand for animal welfare attributes.
Tipo: Journal Article Palavras-chave: Animal welfare; Cost estimates; Willingness to pay; Consumer research; Agribusiness; Agricultural and Food Policy; Farm Management; Livestock Production/Industries; Q13; Q16; Q18.
Ano: 2010 URL: http://purl.umn.edu/92579
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Factors Affecting Hedging Decisions Using Evidence from the Cotton Industry AgEcon
Isengildina, Olga; Hudson, Darren.
Few farmers utilize futures and options markets to price their crops despite significant educational efforts. This study seeks to analyze producer hedging behavior within the framework of the overall marketing behavior. Producer marketing behavior is modeled as a simultaneous choice between cash sales, cooperative marketing and forward contracts, and hedging. A multinomial logit model is used for empirical estimation using data from a survey administered to a sample of cotton producers from across the U.S. The most important factors that explain the use of forward pricing by cotton producers are producer preferences, farm size, use of crop insurance, risk aversion, income from government payments and off-farm income. Risk aversion, off-farm income, crop...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Marketing.
Ano: 2001 URL: http://purl.umn.edu/18970
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Can We Predict Student Success in Agricultural Economics Graduate Programs? AgEcon
Ethridge, Don E.; Hudson, Darren.
Criteria for admission to graduate programs are used by departments and graduate schools to identify characteristics assumed to be associated with “success”. They allow for more uniformity in student ability and preparation so graduate education is more efficient. This study analyzes the relationship between selected student characteristics and experience and two proxies for “success”—graduate GPA and the probability of completing an Agricultural Economics graduate program. Data are from past students in the Department of Agricultural Economics at Texas Tech University. Statistical differences among the means of student characteristics were evaluated, a regression model was estimated to predict graduate GPA, and a logistical regression was estimated to...
Tipo: Journal Article Palavras-chave: Graduate admissions; GRE scores; GPA; Logistical regression; Agribusiness; Teaching/Communication/Extension/Profession.
Ano: 1996 URL: http://purl.umn.edu/90394
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PREDICTED VS. ESTIMATED WELFARE MEASURES: A TEST OF THE BENEFITS TRANSFER METHOD AgEcon
Intarapapong, Walaiporn; Hite, Diane; Jaafar, Abdul H.; Hudson, Darren.
Estimating non-market value on a site-by-site basis is a costly and time-consuming task. Benefits transfer is an alternative approach. We attempt to assess the bias and reliability of predicted value from the benefit transfer approach, using the U.S. Fish and Wildlife Services'’ National Survey of Fishing, Hunting and Wildlife Associated Recreation
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2000 URL: http://purl.umn.edu/21748
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CREDENCE ATTRIBUTES, CONSUMER VALUATION, AND ENDOWMNET EFFECTS IN AUCTIONS: THE CASE OF SWEET POTATOES AgEcon
Nalley, Lawton Lanier; Hudson, Darren; Parkhurst, Gregory M..
There have been few studies that examine valuations of location of origin before and after consumers have consumed the product (or health advertising). Results of non-hypothetical experiments show that knowledge of origin does have an impact on valuation as well as the taste attribute (experience) and the health attribute (credence).
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics.
Ano: 2004 URL: http://purl.umn.edu/35535
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The Impacts of Alternative Institutions on Distributional and Environmental Efficiency in Environmental Programs AgEcon
Buller, Virginia; Hudson, Darren.
Experimental auctions are used to examine the impacts of alternative constraints on environmental programs. Results show that use of a monetary constraint results in greater environmental efficiency at a lower total cost as compared to an acreage constraint.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/35423
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Experimental Economics and the Environment: Eliciting Values for Controversial Goods AgEcon
Shogren, Jason F.; Parkhurst, Gregory M.; Hudson, Darren.
We illustrate the experimental method by examining bidding behavior for controversial goods, i.e., goods in which bidders have positive and negative values. Our results suggest that bidding behavior differs across auction type. Bidders with positive induced values bid sincerely in a WTP auction. Bidders bid conservatively, however, in the WTA auction, foregoing profitable opportunities. Informing bidders of their optimal strategy serves to attenuate bidding discrepancies but does not eliminate them. Treating the WTP and WTA auctions as equivalent given positive and negative values could lead one to overstate the costs relative to the benefits of the controversial good.
Tipo: Journal Article Palavras-chave: Experiments; Willingness to pay; Willingness to accept; Positive and negative induced values; Crop Production/Industries; Institutional and Behavioral Economics.
Ano: 2010 URL: http://purl.umn.edu/90824
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DECLINING COTTON ACREAGE IMPACTS ON U.S. COTTON GINNING INDUSTRY STRUCTURE AND COSTS AgEcon
Mutuc, Maria Erlinda M.; Hudson, Darren.
Paper prepared for 2010 Cotton Beltwide Conferences, New Orleans, Louisiana, January, 2010
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Industrial Organization.
Ano: 2010 URL: http://purl.umn.edu/96673
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Toward a Consumer Economy in China: Implications of Changing Wage Policies for U.S. Cotton Exports AgEcon
MacDonald, Stephen; Pan, Suwen; Hudson, Darren; Tuan, Francis C..
The effect of a Chinese minimum wage increase on China’s textile market as well as on the world cotton market is evaluated. Based on a Nonlinear Quadratic Almost Ideal Demand System (NQAIDS) model of China’s textile demand, the results suggest that the income elasticity for textiles is around 0.6 in China, and that apparel is less price responsive than home textiles and other textile products. Simulation results suggest that a minimum wage increase would raise Chinese domestic textile consumption and lower Chinese textile exports. Most of the decline in textile exports by China is offset by expansion in other countries’ domestic textile production and results in a slight increase in world cotton mill utilization and higher clothing prices.
Tipo: Conference Paper or Presentation Palavras-chave: Nonlinear Quadratic Almost Ideal Demand System (NQAIDS); Cotton; Clothing; China; Trade; Industrial policy; Demand and Price Analysis; International Development; International Relations/Trade; Q17; Q18; R34; R21.
Ano: 2011 URL: http://purl.umn.edu/103615
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A Two-Step Auction in the Presence of Negative Values: An Application to “Farm-Raised” Pre-Cooked Roast Beef AgEcon
Nalley, Lawton Lanier; Hudson, Darren.
Uniform auctions are commonly used to elicit willingness to pay for new or novel products, product attributes, or non-market goods. However, most auctions or other contingent-valuation techniques do not allow for negative values, despite the fact that many consumers hold negative values for these products or product attributes. We conducted a WTP auction for a new product along with a within-sample WTA second auction allowing for negative responses. We find that failing to allow for negative values significantly inflates willingness to pay estimates and estimates of expected market share. This paper provides a method of incorporating negative values into auctions and willingness to pay elicitation.
Tipo: Journal Article Palavras-chave: Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2009 URL: http://purl.umn.edu/99790
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An Overview of the Cotton and Textile Industries in India AgEcon
Chakraborty, Kalyan; Hudson, Darren; Ethridge, Don E.; Misra, Sukant K.; Kar, Gyana.
Tipo: Report Palavras-chave: India; Cotton; Textile; Industries; Agricultural and Food Policy; International Relations/Trade.
Ano: 1999 URL: http://purl.umn.edu/53178
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The Implications of an Export Tax on Sectoral Growth: A Case in Pakistan AgEcon
Hudson, Darren; Ethridge, Don E..
The implications of and export tax on sectoral economic growth in the cotton and yarn sectors in Pakistan are examined. Pakistan utilized an export tax on raw cotton fiber from 1988-1995 in order to lower input cost to domestic yarn spinners. The growth effects are simulated based on the results of a structural econometric model. Simulation results show that the export tax had a significant adverse impact on growth in the raw fiber sector. The lower input cost as a result of the tax, however, did not appear to stimulate growth in the yarn sector over what would have occurred without the policy.
Tipo: Report Palavras-chave: Agricultural and Food Policy.
Ano: 1998 URL: http://purl.umn.edu/53164
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