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Polarized Preferences In Homegrown Value Auctions AgEcon
Hurley, Terrance M.; Yue, Chengyan; Anderson, Neil O..
Incentive compatible auction experiments, often referred to as homegrown value auctions, have become a popular tool for exploring how controversial product attributes and knowledge of these attributes affect consumer willingness to pay. A common observation in these experiments is a prevalence of zero bids and bimodal bid distributions. One possible explanation is that individuals have polarized preferences: find all products with a particular attribute desirable (positive polarization) or undesirable (negative polarization). The purpose of this paper is to explore three questions. Do polarized preferences exist? If they do exist, can they be identified? If they can be identified, does their identification provide useful information? To answer these...
Tipo: Conference Paper or Presentation Palavras-chave: Experiment; Auctions; Polarized Preferences; Invasive Plants; Homegrown Values; Demand and Price Analysis; Environmental Economics and Policy; Research Methods/ Statistical Methods; D01; C18; C19; Q13.
Ano: 2011 URL: http://purl.umn.edu/103596
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Do Native and Invasive Labels Affect Consumer Willingness to Pay for Plants? Evidence from Experimental Auctions AgEcon
Yue, Chengyan; Hurley, Terrance M.; Anderson, Neil O..
The ultimate objective of commercial horticultural activities is to satisfy the needs of the final consumer. Consumer demand for novel plants drives the ornamental plant industry. Therefore, dispersal of native and invasive horticultural plants can be understood by considering the decisions/choices of consumers who decide which plants to purchase from retailers. In contrast to previous studies on invasive and native plants, this study uses an experimental auction to elicit consumers’ willingness to pay (WTP) for labeled native and invasive attributes. Results from a censored random effect model show that consumers’ WTP for plants decreases when the plants are labeled as invasive and increases when plants are labeled as native. The study finds that...
Tipo: Conference Paper or Presentation Palavras-chave: Native plants; Invasive plants; Willingness to pay; Labeling; Auction; Marketing; Consumer/Household Economics; Demand and Price Analysis.
Ano: 2009 URL: http://purl.umn.edu/49212
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ADVERSE SELECTION, MORAL HAZARD, AND GROWER COMPLIANCE WITH BT CORN REFUGE AgEcon
Mitchell, Paul D.; Zhu, En (John); Hurley, Terrance M..
This paper develops a principal-agent model of farmer compliance with Bt corn refuge requirements intended to manage the evolution of resistance to the Bt toxin by insect pests. The model endogenizes the price of the technology, the audit rate, and the fine imposed on non-complying farmers when farmer willingness to pay for Bt corn and compliance effort is private information.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2004 URL: http://purl.umn.edu/20123
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BT CORN AND INSECT RESISTANCE: AN ECONOMIC ASSESSMENT OF REFUGES AgEcon
Hurley, Terrance M.; Babcock, Bruce A.; Hellmich, Richard L..
Genetically engineered crops offer farmers a new option for controlling pests. The high efficacy of these pesticidal crops, combined with the potential for widespread adoption, has raised concerns that pest resistance may prematurely diminish their value. In response to these concerns, the Environmental Protection Agency requires resistance management plans. Current resistance management plans rely on a high-dose refuge strategy. This analysis extends the current framework for evaluating high-dose refuge strategies to include a measure of agricultural productivity and conventional pesticide use. The economic tradeoff relative to agricultural productivity, conventional pesticide use, and pest resistance is assessed when Bt corn is planted to control...
Tipo: Journal Article Palavras-chave: Crop Production/Industries.
Ano: 2001 URL: http://purl.umn.edu/31156
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Firm Size, Technical Change and Wages: Evidence from the Pork Sector from 1990-2005 AgEcon
Yu, Li; Hurley, Terrance M.; Kliebenstein, James B.; Orazem, Peter F..
A long-standing puzzle in labor economics has been the positive relationship between wages and firm size. Even after controlling for worker's observed characteristics such as education, work experience, gender, and geographic location, a significant firm size wage effect averaging 15 percent remains. This paper investigates whether the size-wage premium on hog farms persists over time and whether the magnitude is growing or shrinking. The paper pays particular attention to the matching process by which workers are allocated to farms of different size and technology use, and whether the matching process may explain differences in wages across farms. The study relies on four surveys of employees on hog farms collected in 1990, 1995, 2000, and 2005. The...
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/9991
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VALUATION OF WATER QUALITY IN LIVESTOCK REGIONS: AN APPLICATION TO RURAL WATERSHEDS IN IOWA AgEcon
Hurley, Terrance M.; Otto, Daniel M.; Holtkamp, Janice.
This paper investigates rural residents' perceptions of the risk to water quality from large confinement facilities and their willingness to pay to delay nitrate contamination from these facilities. Rural residents are concerned about the environmental impact of confinement facilities and are willing to pay as much as $82 annually to delay nitrate contamination in their water for 20 years. These contingent valuation results are consistent with the result obtained in similar studies that used hedonic valuation methods.
Tipo: Journal Article Palavras-chave: Contingent valuation; Livestock production; Nitrate contamination; Rural development; Water quality; Environmental Economics and Policy; Livestock Production/Industries.
Ano: 1999 URL: http://purl.umn.edu/15134
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MANAGING EUROPEAN CORN BORER RESISTANCE TO BT CORN WITH DYNAMIC REFUGES AgEcon
Secchi, Silvia; Hurley, Terrance M.; Hellmich, Richard L..
We develop a dynamic bioeconomic model of temporally optimal dynamic refuge recommendations for resistance management when a backstop technology arrives at a known date. The impact of the characteristics of the backstop on the use of the current technology, and the difference between static and dynamic refuges are examined.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2001 URL: http://purl.umn.edu/20543
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Bt Corn Farmer Compliance with Insect Resistance Management Requirements: Results from the 2002 Minnesota and Wisconsin Farm Polls AgEcon
Buttel, Frederick H.; Merrill, Jeanne; Chen, Lucy; Goldberger, Jessica; Hurley, Terrance M..
The U.S. Environmental Protection Agency (EPA) reregistered Bt corn in 2001 with mandatory Insect Resistance Management (IRM) requirements in order to promote sustainable use by farmers. Since then studies report IRM compliance rates ranging from 80 to 90 percent. Using survey data from Minnesota and Wisconsin, we show that previous compliance rate estimates are likely too high because they do not use a comprehensive measure for compliance. With a more comprehensive measure, we find compliance rates ranging between 60 to 75 percent.
Tipo: Working or Discussion Paper Palavras-chave: Bt corn; Compliance; Insect Resistance Management; Refuge; Crop Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/13659
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THE VALUE OF INFORMATION FOR VARIABLE RATE NITROGEN APPLICATIONS: A COMPARISON OF SOIL TEST, TOPOGRAPHICAL, AND REMOTE SENSING INFORMATION AgEcon
Hurley, Terrance M.; Kilian, Bernard; Malzer, Gary L.; Dikici, Huseyin.
We explore the value of soil test, topographical, and remote sensing information for guiding variable rate fertilizer applications in corn. Results suggest combining topographical and remote sensing information is more valuable than conventional soil tests. Considered separately, topographical and remote sensing information is not always as valuable as soil tests.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2001 URL: http://purl.umn.edu/20726
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ESTIMATING SITE-SPECIFIC NITROGEN CROP RESPONSE FUNCTIONS: A CONCEPTUAL FRAMEWORK AND GEOSTATISTICAL MODEL AgEcon
Malzer, Gary L.; Hurley, Terrance M.; Kilian, Bernard.
Confirming the precision agriculture hypothesis for variable rate nitrogen applications (VRA) is challenging. To confront this challenge, researchers have used increasingly sophisticated statistical models to estimate and compare site-specific crop response functions (SSCRFs). While progress has been made, it has been hampered by the lack of a conceptual framework to guide the development of appropriate statistical models. This paper provides such a framework and demonstrates its utility by developing a heteroscedastic, fixed and random effects, geostatistical model to test if VRA can increase nitrogen returns. The novelty of the model is the inclusion of site, spatial, treatment, and treatment strip heteroscedasticity and correlation. Applied to data...
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2004 URL: http://purl.umn.edu/14111
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FIRM SIZE, TECHNICAL CHANGE AND WAGES IN THE PORK SECTOR, 1990 -2005 AgEcon
Yu, Li; Hurley, Terrance M.; Kliebenstein, James B.; Orazem, Peter F..
Economists have long puzzled over the fact that large firms pay higher wages than small firms, even after controlling for worker's observed productive characteristics. One possible explanation has been that firm size is correlated with unobserved productive attributes which confound firm size with other productive characteristics. This study investigates the size-wage premium in the context of firms competing within a single market for a relatively homogeneous product: hogs. We pay particular attention to the matching process by which workers are linked to farms of different size and technology use, and whether the matching process may explain differences in wages across farms. The study relies on four surveys of employees on hog farms collected in 1990,...
Tipo: Working or Discussion Paper Palavras-chave: Agribusiness; Labor and Human Capital; Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/6138
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Biotechnology and Pest Resistance: An Economic Assessment of Refuges AgEcon
Hurley, Terrance M.; Babcock, Bruce A.; Hellmich, Richard L..
Biologists now engineer transgenic crop varieties that express proteins that are toxic to a variety of common agricultural pests. These transgenic crops offer farmers a new tool for effectively managing pests that reduce yields and increase production costs. However, the concern over pest resistance to these toxins has prompted the EPA to require resistance management plans. Seed companies have focused on a high-does refuge plan where farmers are required to plant a constant proportion of cropland in refuge in order to maintain a susceptible pest population. Currently, entomologists recommend 20 to 40% refuge. This paper develops an economic model of pest management with pest resistance to estimate the constant proportion of refuge that maximizes farm...
Tipo: Working or Discussion Paper Palavras-chave: Research and Development/Tech Change/Emerging Technologies.
Ano: 1997 URL: http://purl.umn.edu/18632
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AN ANALYSIS OF OCCUPATIONAL HEALTH IN PORK PRODUCTION AgEcon
Hurley, Terrance M.; Kliebenstein, James B.; Orazem, Peter F..
The rapid expansion of large-scale pork production has been accompanied by increasing concerns regarding potential detrimental consequences of environmental hazards on the health of producers. This study makes use of health indicators obtained from attendees at the World Pork Expo between 1991 and 1995 to evaluate the impact of pork production generally and of confinement production, specifically, on producer health. The analysis expands existing studies because the larger number of participants allows for detailed analysis, both nonfarmers and non-pork farmers are used as controls, both objective as well as self-reported health measures are considered, and personal characteristics such as height, weight, age, gender, smoking habits, and years of exposure...
Tipo: Working or Discussion Paper Palavras-chave: Labor and Human Capital; Livestock Production/Industries.
Ano: 1996 URL: http://purl.umn.edu/18278
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RELATIVE EFFICIENCY OF SEQUESTERING CARBON IN AGRICULTURAL SOILS THROUGH SECOND BEST MARKET-BASED INSTRUMENTS AgEcon
Pautsch, Gregory R.; Babcock, Bruce A.; Hurley, Terrance M.; Campbell, Todd D..
The total expected cost of sequestering carbon in agricultural soils is estimated under a possible EQIP program offering a per-acre subsidy to adopt conservation tillage and a carbon credit program where producers can sell their carbon credit in an external market. Both programs are compared to the minimum cost solution.
Tipo: Conference Paper or Presentation Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/21669
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Minnesota Agricultural Economist 702 AgEcon
Hurley, Terrance M.; Elisabeth, Pascal.
Tipo: Working or Discussion Paper Palavras-chave: Labor and Human Capital; Livestock Production/Industries.
Ano: 2000 URL: http://purl.umn.edu/13179
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BIOTECHNOLOGY AND PEST RESISTANCE: AN ECONOMIC ASSESSMENT OF REFUGES AgEcon
Hurley, Terrance M.; Babcock, Bruce A.; Hellmich, Richard L..
Transgenic crops offer farmers a new and effective pest control option. However, the wide spread adoption of these crops could lead to a resistant pest population. This paper demonstrates how a pest refuge can be used to maximise the value of farm income in a dynamic model with genetic foundations.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies.
Ano: 1998 URL: http://purl.umn.edu/21000
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DISCUSSANT'S COMMENTS FOR AMERICAN AGRICULTURAL ECONOMICS ASSOCIATION ANNUAL MEETING, SELECTED PAPERS SESSION SP-8W, "PESTICIDES AND ENVIRONMENTAL QUALITY" AgEcon
Hurley, Terrance M..
Studies on the optimal use of pesticides, their disposal, and effects are presented. Papers include: Financing the Disposal of Unwanted Agricultural Pesticides, Lewell F. Gunter and Terence Centner, University of Georgia. Determinants of Pesticide Registration for Food Crops, Claude Courbois, North Carolina State University and International Food Policy Research Institute. A New Measure of Integrated Pest Management - Weed IPM by Corn Producers, Jorge Fernandez-Cornejo and Sharon Jans, USDA/ERS. The Environmental Effects of Adopting IPM Techniques: The Case of Peach Producers,Jennifer Ferraioli and Jorge Fernandez-Cornejo, USDA/ERS.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/21009
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Risk Preferences, Perceptions and Systematic Biases AgEcon
Langrock, Ines; Hurley, Terrance M..
Replaced with revised version of paper 07/21/06.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/21343
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Economic Evaluation of Bt Corn Refuge Insurance AgEcon
Mitchell, Paul D.; Hurley, Terrance M.; Hellmich, Richard L..
The EPA has imposed mandatory refuge requirements for Bt crops to prolong the efficacy of Bt. Growers have no economic incentive to plant the required refuge because refuge crops are on average less productive and more risky. This paper evaluates refuge insurance—insurance thatpays indemnities for yield losses on refuge due to insect damage—as a tool to increase grower compliance incentives. We determine actuarially fair insurance premiums, then evaluate the feasibility of private provision of refuge insurance and its impact on grower incentives to comply with refuge requirements. A private market for refuge insurance appears unlikely because our analysis suggests that even a 2 percent load on the actuarially fair premium makes growers unwilling to buy...
Tipo: Working or Discussion Paper Palavras-chave: Bt corn; Crop insurance; Refuge crops; Pest-resistant management; European corn borer; Yield loss; Crop Production/Industries; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/18565
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ESTIMATING SITE-SPECIFIC NITROGEN CROP RESPONSE FUNCTIONS: A CONCEPTUAL FRAMEWORK AND GEOSTATISTICAL MODEL AgEcon
Hurley, Terrance M.; Malzer, Gary L.; Kilian, Bernard.
Confirming the precision agriculture hypothesis for variable rate nitrogen applications (VRA) has proven challenging. To confront this challenge, researchers have begun to use increasingly sophisticated statistical models to estimate and compare site-specific crop response functions. While progress has been made, we believe it has been hampered by the lack of a clear conceptual framework to guide and motivate the development of appropriate models and methods. The purpose of this paper was to provide such a framework, while demonstrating its utility. The framework was used to develop a heteroscedastic, fixed and random effects, geostatistical model to test the potential for VRA to increase nitrogen returns. The model was implemented with data collected...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/21950
Registros recuperados: 42
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