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| Registros recuperados: 52 | |
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| Schamel, Guenter. |
| We present a first analysis of auction markets for specialty food products. We identify auction prices, trade volume and value for domestic and foreign origin specialty ham with geographical indications (GIs) which were actually sold in online auctions in Germany within a one-month period. Applying hedonic modeling, we examine potential factors that may influence online bidding behavior and final auction prices. We estimate positive auction price effects for weight, bidding activity, and auction length, that the domestic product is sold at a discount, that higher shipping cost have a negative impact on final prices, and that auctions ending on Fridays and Saturdays yield lower prices. The model may be used to estimate the value of GIs. In our example, we... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer economics; Geographical indications; Auctions; Information; Marketing; D12; D44; D83. |
| Ano: 2006 |
URL: http://purl.umn.edu/25606 |
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| Hellman, Thomas; Enrico, Perotti. |
| Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may share them without contractual protection. Idea density is enhanced by firms ensuring rewards to inventors, while their legal boundaries limit idea leakage. As firms limit idea circulation, the innovative environment involves a symbiotic interaction: firms incubate ideas and allow employees to leave if they cannot find an internal fit; markets allow for wide circulation of ideas until matched and completed; under certain circumstances ideas may be even developed in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Ideas; Innovation; Entrepreneurship; Firm Organization; Start-Ups; Industrial Organization; D83; L22; M13; O31. |
| Ano: 2010 |
URL: http://purl.umn.edu/60751 |
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| Zhao, Jinhua; Kling, Catherine L.. |
| We present a real options model of an agent's decision to purchase or sell a good under conditions of uncertainty, irreversibility, and learning over time. Her WTP and WTA contain both the intrinsic value of the good and an option value associated with delaying the decision until more information is available. Consequently, the standard Hicksian equivalence between WTP/WTA and compen-sating and equivalent variation no longer holds. This helps to explain the WTP/WTA disparity often observed in laboratory experiments and surveys because subjects may have limited learning time and opportunities, thus generating option values. In contrast, the disparity may decrease or disappear entirely in real markets since agents are free to choose when to stop gathering... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Research Methods/ Statistical Methods; D60; D83; C90. |
| Ano: 1998 |
URL: http://purl.umn.edu/18416 |
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| Hübner, Rico; Kantelhardt, Jochen. |
| Agriculture is required to fulfil the needs and wants of society in a variety of fields: food supply, environmental services, landscape preservation and finally: climate mitigation. Using the example of land-use change in peatland in order to create possibilities for greenhouse-gas reduction, a survey about the intentions and future expectations of stakeholders was undertaken. The underlying network structure of these stakeholders in three representative peatland areas of Germany was determined and compared. The results show that considerable differences exist in the degree of knowledge about climate change and in the willingness to cooperate. Depending on the area studied, the most influential political entities are different and thus require different... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land-use in peatland areas; Network analysis; Climate change mitigation.; Land Economics/Use; D83; D85; L31; Q54.. |
| Ano: 2009 |
URL: http://purl.umn.edu/51059 |
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| Gabszewicz, Jean; Ginsburgh, Victor; Weber, Shlomo. |
| We examine patterns of acquiring non-native languages in a model with two languages and two populations with heterogeneous learning skills, where every individual faces a binary choice of learning the foreign language or refraining from doing so. We show that both interior and corner linguistic equilibria can emerge in our framework, and that the fraction of learners of the foreign language is higher in the country with a higher gross cost adjusted communicative benefit. It turns out that this observation is consistent with the data on language proficiency in bilingual countries such as Belgium and Canada. We also point out that linguistic equilibria can exhibit insufficient learning which opens the door for government policies that are beneficial for both... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Communicative Benefits; Linguistic Equilibrium; Learning Costs; Labor and Human Capital; C72; D83; O52; Z13. |
| Ano: 2008 |
URL: http://purl.umn.edu/6380 |
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| Richardson, James W.; Outlaw, Joe L.. |
| The provision for producers to update base acres and payment yields in the 2002 farm bill afforded an opportunity to test whether it was feasible to deliver a complex simulation model directly to producers. A Monte Carlo simulation model for assessing the economic impacts of the alternative base and yield options on individual farms was developed and made available to producers via the World Wide Web. The experiences and challenges from this collaborative extension and research effort are described, as well as the issues educators might consider before delivering complex software to a national audience via the Web. |
| Tipo: Journal Article |
Palavras-chave: Base and yield update; 2002 farm bill; Monte Carlo simulation; C15; D83; Q12; Q16. |
| Ano: 2005 |
URL: http://purl.umn.edu/43517 |
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| Cortes, Darwin; Friebel, Guido; Maldonado, Dario. |
| We model the decisions of young individuals to stay in school or drop-out and engage in criminal activities. We build on the literature on human capital and crime engagement and use the framework of Banerjee (1993) that assumes that the information needed to engage in crime arrives in the form of a rumor and that individuals update their beliefs about the profitability of crime relative to education. These assumptions allow us to study the effect of social interactions on crime. We first show that a society with fully rational students is less vulnerable to crime than an otherwise identical society with boundedly rational students. We also investigate the spillovers from the actions of talented students to less talented students and show that policies that... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Human Capital; The Economics of Rumors; Social Interactions; Urban Economics; Labor and Human Capital; D82; D83; I28. |
| Ano: 2010 |
URL: http://purl.umn.edu/96845 |
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| Zhao, Jinhua; Kling, Catherine L.. |
| We present a dynamic model of an agent's decision to purchase or sell a good under conditions of uncertainty, irreversibility, and learning over time. Her WTP contains both the intrinsic value of the good and a commitment cost associated with delaying the decision until more information is available. Consequently, the standard Hicksian equivalence between WTP/WTA and compensating and equivalent variation no longer holds. This finding has important practical implications as it implies that observed WTP values are not always appropriate for welfare analysis. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis; D60; D83. |
| Ano: 2000 |
URL: http://purl.umn.edu/18357 |
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| Registros recuperados: 52 | |
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