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Bargaining rationale for cooperative generic advertising AgEcon
Crespi, John M.; James, Jennifer S..
The beggar-thy-neighbour aspect of commodity advertising means that benefits to one commodity from advertising come at the expense of other commodities. The effect can be mitigated by cooperation among groups as shown by Alston, Freebairn and James (AFJ). A drawback to AFJ’s analysis is that some cooperative outcomes require side payments from one producer group to another. This paper offers a bargaining solution as an alternative to cooperation in the case where cooperative side payments would be needed. We show that while bargaining without side payments is not as effective as cooperation at reducing beggar-thy-neighbour effects, it is a welfare improving alternative to non-cooperation and is likely more practical in many situations.
Tipo: Article Palavras-chave: Marketing.
Ano: 2007 URL: http://purl.umn.edu/118524
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Quality and Competition: An Empirical Analysis across Industries AgEcon
Crespi, John M.; Marette, Stephan.
This paper empirically explores the link between quality and concentration in a cross-section of manufactured goods. Using concentration data and product quality indicators, an ordered probit estimation explores the impact of concentration on quality that is defined as an index of quality characteristics. The results demonstrate that market concentration and quality are positively correlated across different industries. When industry concentration increases, the likelihood of the product being higher quality increases and the likelihood of observing a lower quality decreases.
Tipo: Working or Discussion Paper Palavras-chave: Concentration; Market structure; Ordered probit; Product differentiation; Product quality; Industrial Organization.
Ano: 2006 URL: http://purl.umn.edu/18426
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Measuring the Benefits to Advertising under Monopolistic Competition AgEcon
Boland, Michael A.; Crespi, John M.; Silva, Jena; Xia, Tian.
This paper determines the benefits and costs of firm-level advertising in a monopolistically competitive industry. The model is useful in an environment in which firm-level costs may be absent or imprecise. The empirical example uses data on the advertising for a new line of prune snacks by Sunsweet Growers between 2008 and 2010, revealing average benefit-cost estimates from $1.26 to $4.35 for every dollar allocated to the new product line.
Tipo: Article Palavras-chave: Advertising; Benefit-cost analysis; Industrial organization; Monopolistic competition; Agricultural marketing; Agricultural Finance; Financial Economics; Marketing.
Ano: 2012 URL: http://purl.umn.edu/122308
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Competition, Bargaining Power, and the Cattle Cycle AgEcon
Crespi, John M.; Xia, Tian; Jones, Rodney D..
Cattle production follows a dynamic cycle that has often been analyzed, and cattle markets receive much scrutiny because of the potential for buyer market power. The relationship between the two has been little studied, however. This paper provides a simple conceptual framework to study how the cattle cycle and market concentration jointly affect the bargaining power of producers and packers yielding the following main results. Not surprisingly, a larger cattle stock reduces producers' bargaining position, which results in a lower fed cattle price. More importantly, however, the cattle stock's negative effect on price is magnified by the market concentration in beef packing. Thus, the cycle itself is very importantly related to a posited cycle of...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/6263
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From Farm Management to Agricultural and Applied Economics: The Expansion of a Professional Society as Seen through a Census of Its Dissertations from 1951 to 2005 – Supplemental Tables AgEcon
Boland, Michael A.; Crespi, John M..
This paper provides supplemental tables to accompany Boland, M.A. and J.M. Crespi. “From Farm Management to Agricultural and Applied Economics: The Expansion of a Professional Society as Seen through a Census of Its Dissertations from 1951 to 2005.” Applied Economics Perspectives and Policy 32, No. 3 (Autumn 2010): 456-471. The supplemental information contains departmental specific statistics with regard to dissertation topic and journal outlets for dissertation spawned articles.
Tipo: Journal Article Palavras-chave: Teaching/Communication/Extension/Profession; Q.
Ano: 2010 URL: http://purl.umn.edu/94778
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The Effects of the Spatial Distribution of Grocery Stores on Food Prices on Low Income Neighborhoods AgEcon
Jetter, Karen M.; Crespi, John M.; Cassady, Diana.
This study examines how the spatial distribution of grocery stores affects food prices charged in neighborhoods with different median incomes. Studies have shown that low-income neighborhoods often have fewer grocery stores, smaller grocery stores and have higher prices for a standard market basket of food than higher income neighborhoods. In addition, a greater concentration of firms has reduced the number of companies operating supermarkets, reducing competition. Smaller stores and greater concentration have both been shown to cause higher prices in food retail outlets. However, the impact of the number and distribution of stores throughout a neighborhood on food prices has not yet been studied.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2006 URL: http://purl.umn.edu/21245
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Import demand of Bananas in the European Union AgEcon
Marsh, Thomas L.; Chacon-Cascante, Adriana; Crespi, John M..
The EU banana market has been of enormous interest for researchers for a long time, especially after the import policy unification brought by the Common Market Organization for Bananas (CMOB) in 1993. Empirical evidence suggests that the CMOB and its subsequent modifications have been highly distorting. However, the quantifications made of those distortions by different authors vary a lot, not only in magnitude but also in direction. The reason is that for each evaluation, a different system of demand equations has been estimated. However, besides the different models used, there is one common denominator to all models. They do not incorporate the general restrictions (homogeneity, symmetry and adding up) necessary to make the demand estimations consistent...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2005 URL: http://purl.umn.edu/19157
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An Analysis of the 2002 Farm Bill’s Value-Added Producer Grants Program AgEcon
Boland, Michael A.; Crespi, John M.; Oswald, Dustin.
Our objective is to identify the determinants for success among USDA’s Value- Added Producer Grants (VAPG) program recipients. Business development has become an important program in departments of agricultural economics. Market share was found to be an important determinant of VAPG success. Size variables including greater sales and increased grant dollars, as well as a lower number of producers, were also determinants of business success. Departments of agricultural economics are likely best able to assist VAPG recipients by providing information on price discovery, explaining their relationship to potential plant location, and providing education on best management practices to help producers avoid costly mistakes.
Tipo: Journal Article Palavras-chave: Agribusiness; Business development; Value-added; Agribusiness; Financial Economics; Productivity Analysis.
Ano: 2009 URL: http://purl.umn.edu/90660
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ARE ASSESSMENTS FOR GENERIC ADVERTISING OPTIMAL IF PRODUCTS ARE DIFFERENTIATED? AgEcon
Crespi, John M.; Marette, Stephan.
An analytical framework where consumers display preferences for various qualities of an agricultural commodity is used to investigate the producer welfare effects of generic advertising assessments. Depending upon the degree of product differentiation present in the final goods, some producers are shown to benefit more than others from the use of an equivalent assessment on all producers. This paper delineates those cases where producer assessments should be equal and where assessments should be different to insure an equitable benefit.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2001 URL: http://purl.umn.edu/20762
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The Constitutionality of Generic Advertising Checkoff Programs AgEcon
Crespi, John M.; McEowen, Roger A..
Tipo: Journal Article Palavras-chave: Agricultural and Food Policy; Marketing; K10; Q18.
Ano: 2006 URL: http://purl.umn.edu/94410
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Could Packers Manipulate Cash Markets by Linking Contract and Futures Prices? AgEcon
Xia, Tian; Crespi, John M.; Dhuyvetter, Kevin C..
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2010 URL: http://purl.umn.edu/61634
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The California Prune Board's Promotion Program: An Evaluation AgEcon
Alston, Julian M.; Carman, Hoy F.; Chalfant, James A.; Crespi, John M.; Sexton, Richard J.; Venner, Raymond J..
Tipo: Working or Discussion Paper Palavras-chave: Marketing.
Ano: 1998 URL: http://purl.umn.edu/11926
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GENERIC COMMODITY PROMOTION AND PRODUCT DIFFERENTIATION AgEcon
Crespi, John M..
This paper considers whether generic promotion lowers the differentiation among competing brands as claimed in the 1997 Supreme Court case (Wileman et al. v. Glickman). Commodity promotion is modeled as a multi-stage game where products are vertically differentiated. Analytical results show that if the benefits of generic advertising from increased demand are outweighed by the costs from lower product differentiation then high-quality producers will not benefit from generic promotion but producers of lower-quality goods may.
Tipo: Conference Paper or Presentation Palavras-chave: Generic advertising; Product differentiation; Spatial model; Marketing.
Ano: 1999 URL: http://purl.umn.edu/21488
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SOME ECONOMIC IMPLICATIONS OF PUBLIC LABELING AgEcon
Crespi, John M.; Marette, Stephan.
This article discusses economic issues related to public labeling. The main contributions in both the empirical and theoretical literatures are presented in order to motivate responses to the questions, when should a regulator promote public labeling, and what are the limits to and the possible market distortions from public labeling? Although the issues are complicated, there is already much economic guidance that can be given to inform the policy debate over food labeling.
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 2003 URL: http://purl.umn.edu/27053
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The Impact of the CIMMYT Wheat Breeding Program on Mexican Wheat Producers and Consumers: An Economic Welfare Analysis AgEcon
Barkley, Andrew P.; Nalley, Lawton Lanier; Crespi, John M..
The increase in wheat production in Mexico’s Yaqui Valley from the breeding and development of semidwarf wheat varieties released by CIMMYT is quantified for the period 1990-2002, and the costs and benefits of the wheat research program are estimated and evaluated using a two-region model of the world wheat market.
Tipo: Conference Paper or Presentation Palavras-chave: Public wheat breeding; Benefit/cost analysis; Agricultural research; Wheat varieties; Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies.
Ano: 2008 URL: http://purl.umn.edu/6931
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Multivariate AIM Consumer Demand Model Applied to Dried Fruit, Raisins, and Dried Plums AgEcon
Brant, Molly; Marsh, Thomas L.; Featherstone, Allen M.; Crespi, John M..
Abstract: We estimate a semi-nonparametric demand system based on a multivariate version of the Muntz-Szatz series expansion which is called the Asymptotically Ideal Model (AIM). The model is applied to consumer demand for dried fruits, raisins, and dried plums. Results from the first and second order AIM expansions suggest that the second order expansion leads to a more economically consistent model, but the likelihood ratio test indicates the AIM(2) model was not a statistical improvement over the AIM(1) model.
Tipo: Conference Paper or Presentation Palavras-chave: Demand; Consumers; AIM; Demand and Price Analysis.
Ano: 2005 URL: http://purl.umn.edu/19291
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DO U.S. MARKETING ORDERS HAVE MUCH MARKET POWER? AN EXAMINATION OF THE ALMOND BOARD OF CALIFORNIA AgEcon
Crespi, John M.; Chacon-Cascante, Adriana.
This paper tests the conventional wisdom that U.S. marketing orders act as profit-maximizing cartels. The paper analyzes the marketing order for U.S. almonds in both the domestic and export markets. Such a case study is relevant to all U.S. marketing orders because the size and scope of the U.S. almond industry on the world market, and the legal authority of the almond marketing order makes it a likely prospect for exhibiting true cartel behavior. The authors find that the market power exerted by the Almond Board of California's reserve setting is significantly less than would be expected from a profit-maximizing cartel.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2002 URL: http://purl.umn.edu/19888
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Consumer Response to Controversial Food Technologies and Price: A Neuroeconomic Analysis AgEcon
McFadden, Brandon R.; Lusk, Jayson L.; Crespi, John M.; Cherry, J. Bradley C.; Martin, Laura E.; Bruce, Amanda S..
With new food technologies such as cloning or added artificial growth hormones, consumers face complex and conflicting information related to the quality, safety, nutrition, and ethical outcomes associated with food choices. Economics has partially addressed the challenge of predicting people’s choices and willingness-to-pay for new food technologies by using experimental methods, but thus far has offered little to explain why choices are made. The emerging field of neuroeconomics, which integrates the findings of economics, psychology, and neuroscience, can provide unique insights into consumer preferences. The purpose of this research is to enhance understanding of consumers’ preferences for new food technologies by capitalizing on recent developments...
Tipo: Presentation Palavras-chave: Controversial Food Technology; Animal Cloning; Artificial Growth Hormones; Neuroeconomics; Food Consumption/Nutrition/Food Safety; Institutional and Behavioral Economics; Research and Development/Tech Change/Emerging Technologies.
Ano: 2012 URL: http://purl.umn.edu/124071
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Geographical Indications and the Trade Related Property Rights Agreement: A Case Study of Basmati Rice Exports AgEcon
Mulik, Kranti; Crespi, John M..
The recent controversy over the granting of patenting rights to three new strains of Basmati rice by the US Patent and Trademark Office is used as a case study to analyze the impact of incomplete protection of intellectual property. Results suggest that there is evidence that the introduction of a competing product that may infringe on India's geographical indicator has harmed Indian producers in key export markets.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/20365
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Effect of Advocacy Information on Consumer Preferences for Cage Free Eggs: A Neuroeconomic Analysis AgEcon
McFadden, Brandon R.; Lusk, Jayson L.; Crespi, John M.; Cherry, J. Bradley C.; Martin, Laura E.; Bruce, Amanda S..
Understanding how consumers respond to information about animal production systems is important both for animal activist groups and for agricultural producers alike. This is particularly true as information conveyed over platforms such as YouTube both decrease the cost of communication and increase the speed at which interested parties can communicate with the public. The emerging field of neuroeconomics, which integrates the findings of economics, psychology, and neuroscience, can provide unique insights into consumer responses. The purpose of this research is to enhance understanding of consumers’ perceptions of farm animal welfare by capitalizing on recent developments in economics and neuroscience.
Tipo: Presentation Palavras-chave: Animal Welfare; Video Information; Neuroeconomics; Institutional and Behavioral Economics; Marketing.
Ano: 2012 URL: http://purl.umn.edu/124048
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