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| Registros recuperados: 24 | |
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| Parcell, Joseph L.; Mintert, James R.; Plain, Ronald L.. |
| An inverse live-hog model was estimated to analyze whether there has been a recent increase in the magnitude of live-hog, own-quantity demand flexibility. Estimating the impact of processing capacity-utilization rate changes on live-hog prices was a second objective of this research. Results indicate that live hog prices have become more responsive to changes in hog slaughter, slaughter weight, cold storage stocks, and changes in the processing capacity-utilization rate. Finally, model results indicate that the sharp increase in processing capacity-utilization rates, the increase in average dressed weight, and the increase in hog slaughter all had a negative effect on the live-hog prices. |
| Tipo: Journal Article |
Palavras-chave: Capacity utilization; Live hog demand; Structural change; Q11; Q12; Q13; D40. |
| Ano: 2004 |
URL: http://purl.umn.edu/43476 |
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| Newell, Richard G.; Papps, Kerry L.; Sanchirico, James N.. |
| We investigate the applicability of the present-value asset pricing model to fishing quota markets by applying instrumental variable panel data estimation techniques to 15 years of market transactions from New Zealand's individual fishing quota market. In addition to the influence of current fishing rents (as measured by lease prices), we explore the effect of market interest rates, risk, and expected changes in future rents on quota asset prices. Controlling for these other factors, the results support a fairly simple relationship between quota asset and contemporaneous lease prices. Consistent with theoretical expectations, the results indicate that quota asset prices are positively related to declines in interest rates, lower levels of risk, expected... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Tradable permits; Individual transferable fishing quota; Asset pricing; Fisheries; Policy; Resource /Energy Economics and Policy; Q22; Q28; D40; L10. |
| Ano: 2005 |
URL: http://purl.umn.edu/10639 |
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| Ahearn, Mary Clare; Korb, Penelope J.; Banker, David E.. |
| This paper examines the industrialization process of U.S. agriculture by examining the trends in the number of farms, the concentration of production during the last decade, and the dynamics of farm survivability, entry, and exit underlying aggregate statistics. We next examine vertical coordination as part of the industrialization process and highlight contracting in the poultry industry. The analysis provides evidence that production is continuing to be concentrated on a smaller number of farms at a relatively rapid rate, in spite of the stability in the number of farms. Although contracting clearly dominates the broiler industry, it is less prevalent in egg and turkey production, where other forms of vertical coordination are likely established. |
| Tipo: Journal Article |
Palavras-chave: Broilers; Contracting; Eggs; Industrialization; Poultry; Structural change; Turkeys; Vertical integration; D23; D40; L11; L14 L22; L23; Q12. |
| Ano: 2005 |
URL: http://purl.umn.edu/43511 |
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| Madestam, Andreas. |
| I study the coexistence of formal and informal finance in underdeveloped credit markets. While weak institutions constrain formal banks, shallow pockets hamper informal lenders. In such economies, informal finance has two effects. By increasing the investment return it decreases borrowers’ relative payoff following default, inducing banks to lend more liberally (disciplinary effect). By channeling bank capital it reduces banks’ agency costs from lending directly to borrowers, limiting banks’ extension of borrower credit (rent-extraction effect). Among other things, the model shows that informal interest rates are higher, borrower welfare lower, and informal finance more prevalent when the rent-extraction effect prevails, consistent with stylized facts in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Credit Markets; Financial Development; Institutions; Market Structure; Financial Economics; O12; O16; O17; D40. |
| Ano: 2009 |
URL: http://purl.umn.edu/54288 |
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| Bonanno, Alessandro; Lopez, Rigoberto A.. |
| This paper investigates the effect of in-store services on retail food prices, supermarket competition, and demand using fluid milk as a case study. It is shown that higher-service supermarkets charge higher milk prices essentially because of an increase in market power due to differentiation of service offering. Results show that different types of services impact milk prices differently, that upscale food-retailers face stronger competition in newer services, and that service competition results in a trade-off for the consumer between the attractiveness of the enhanced retail configuration and the increase in prices. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Retailing; Pricing; Milk; Supermarkets; Agribusiness; L81; D40; L66. |
| Ano: 2007 |
URL: http://purl.umn.edu/9833 |
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| Hendrikse, George W.J.. |
| A model is presented in which spot and contract market exchange co-exist. A contract consists of a delivery requirement between an upstream and a downstream party. Contract formation determines to a certain extent the probability distribution of the spot market price. This contract formation externality entails the removal of high reservation price buyers and various sellers from the spot market. The first effect decreases the expected spot market price when the number of contracts is small, whereas the decrease in the number of sellers and additional residual contract demand increase the expected spot market price beyond a certain number of contracts. It implies an endogenous upper bound on the number of contracts. Contract prices are positively related... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Spot market; Contract externality; Co-existence; Delivery requirement; Marketing; D40; L10. |
| Ano: 2006 |
URL: http://purl.umn.edu/21041 |
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| Sanchirico, James N.; Holland, Daniel S.; Quigley, Kathryn; Fina, Mark. |
| Individual fishery quotas (IFQs) are an increasingly prevalent form of fishery management around the world, with more than 170 species currently managed with IFQs. Yet, because of the difficulties in matching quota holdings with catches, many argue that IFQs are not appropriate for multispecies fisheries. Using on-the-ground-experience with multispecies IFQ fisheries in Iceland, New Zealand, Australia, and Canada, we assess the design and use of catch-quota balancing mechanisms. Our methodology includes a mix of interviews with fishery managers, industry representatives, and brokers, literature review, and data analysis. We find that a combination of incentives and limits on use rates for the mechanisms provide sufficient flexibility to the quota owner... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Natural resources; Created markets; Tradable permits; Resource /Energy Economics and Policy; Q22; Q28; D40; L10. |
| Ano: 2005 |
URL: http://purl.umn.edu/10543 |
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| Rava, Catalina; Lanfranco, Bruno A.; Ferraro, Bruno. |
| Este trabajo analizó el desempeño de la cadena exportadora de manzana para consumo en fresco, en Uruguay, mediante el método de la matriz de análisis de políticas (MAP). Se trabajó con la variedad Royal Gala, una de las más exportadas localmente por su temprana maduración y su buena aceptación en mercados de valor, como el europeo. Se cuantificaron los efectos de las políticas públicas (impuestos, subsidios, cargas sociales) y las eventuales fallas de mercado que afectan los distintos eslabones, estimándose las potenciales transferencias de recursos, desde o hacia la cadena. Primero se computaron los ingresos y costos en los distintos eslabones considerados: producción, transporte, procesamiento y empaque. Se calcularon los beneficios privados y sociales... |
| Tipo: Book |
Palavras-chave: Policy analysis matrix; Production systems; Economic efficiency; Public policies; Export markets; Agribusiness; Crop Production/Industries; Political Economy; Public Economics; D40; D61; E62; H20. |
| Ano: 2011 |
URL: http://purl.umn.edu/121682 |
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| Eastwood, David B.; Brooker, John R.; Hall, Charles R.; Rhea, Alice J.; Estes, Edmund A.; Woods, Timothy A.. |
| Produce growers in Kentucky, North Carolina, and Tennessee were surveyed in 2002 to gather information about their decision making in the areas of planting, postharvest handling, marketing, and expected changes. North Carolina has proportionately more respondents with large operations, and Kentucky and Tennessee were more similar and concentrated in smaller farms. Tennessee and Kentucky respondents were less likely to have engaged in activities that were associated with the commercial distribution system. Greater reliance on the commercial distribution system on the part of North Carolina growers is consistent with more produce export activity. |
| Tipo: Journal Article |
Palavras-chave: Cooling; Direct markets; Postharvest handling; Produce marketing; Traceback; D30; D40; Q12; Q13; Q16; Q17. |
| Ano: 2003 |
URL: http://purl.umn.edu/43205 |
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| Levedahl, J. William; Reed, Albert J.. |
| Changes in both retail and wholesale infant formula prices can affect the ability of WIC to supply infant formula to participants. This paper constructs a joint relationship that links national wholesale and retail infant formula prices to economic and policy variables. This joint framework provides a richer interpretation of current issues and questions associated with these markets than frameworks intent on explaining either retail or wholesale prices alone. We show how this framework can be implemented empirically, and demonstrate how it can be used to obtain empirical estimates of retail and wholesale price flexibilities with respect to rebates, and with respect to changes in WIC participation. Both have implications for cost containment. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Women; Infant and Children Program; Infant formula rebates; Price analysis; Food Security and Poverty; I38; D40. |
| Ano: 2005 |
URL: http://purl.umn.edu/19274 |
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| Registros recuperados: 24 | |
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