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| Registros recuperados: 21 | |
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| Franken, Jason R.V.; Pennings, Joost M.E.; Garcia, Philip. |
| Researchers employ various measures of risk attitudes to investigate their relation to market behavior with mixed results. We find that a higher-order global risk attitude construct, developed using survey scales and experiments based on expected utility theory, is related to several marketing alternatives, but does not exhibit substantially greater explanatory power than underlying measures. With few exceptions, scales yield greater significance of risk attitudes for these choices, but experimental measures reveal other insights, e.g., differential attitudes in gain and loss domains. Given recent concerns with experimental measures in the literature, we suggest studies include scales as a low cost supplemental measure. |
| Tipo: Presentation |
Palavras-chave: Risk behavior; Risk attitude; Futures and options; Forward contracts; Marketing contracts; Marketing; Risk and Uncertainty. |
| Ano: 2012 |
URL: http://purl.umn.edu/124471 |
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| Parcell, Joseph L.; Franken, Jason R.V.; Schafer, Daniel; Patterson, David J.; John, Mike; Kerley, Monty S.; Haden, Kent. |
| Synchronized artificial insemination was used to inseminate cows using different types of sire genetics, including low-accuracy, calving-ease, and high-accuracy. These three sire groups were compared to calves born to cows bred using natural service. We found substantial production efficiency gains, carcass merit improvement, and economic value for calves of cows bred using a synchronized artificial insemination program with highaccuracy semen. The economic advantage of the high-accuracy sire group of calves was computed to be in the neighborhood of $40 to $80/head, relative to the natural service sire group of calves. |
| Tipo: Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 2011 |
URL: http://purl.umn.edu/118961 |
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| Franken, Jason R.V.; Parcell, Joseph L.. |
| Increased use of alternative fuels and low commodity prices have contributed to the recent expansion of the ethanol industry. As with any competitive industry, there exists some level of output price risk in the form of volatility. Yet, no actively traded ethanol futures market exists to transfer output price risk to. This study reports estimated minimum variance cross-hedge ratios between Michigan spot cash ethanol and the New York Mercantile Exchange (NYMEX) unleaded gasoline futures for 1-, 4-, 8-, 16-, and 24-week hedging periods. The research yields two results. First, the appropriate quantity of ethanol to hedge with one 42,000 NYMEX unleaded gasoline futures contract for each respective hedging period is realized. Second, the magnitude of the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing; Resource /Energy Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/26035 |
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| Franken, Jason R.V.; Pennings, Joost M.E.. |
| We propose a conceptual model that integrates transaction cost and risk behavior theories in an interdependence framework. Hypotheses are offered that relate the concepts that are central to the proposed model to the three dimensions of channel structures: the allocations of uncertainty, decision rights, and gains. An empirical research design is proposed to test the validity of the conceptual model within the context of the broiler and grain industries. The conceptual model will be validated in a structural equation modeling framework. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/19414 |
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| Franken, Jason R.V.; Pennings, Joost M.E.. |
| Crop producers have numerous marketing and risk management tools available. Research relating producers’ risk attitudes to their use of these tools has produced mixed results, and most studies focus on individual tools to the neglect of complementarities among them. Hence, little is known about the proportion in which these tools are used, e.g., the percentage of the crop that is forward sold as opposed to hedged. This study identifies some factors, including risk attitude, that impact the proportion of corn producers’ sales through spot markets, futures and options, and forward and production contracts using complementary survey and accounting data. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk behavior; Risk attitude; Futures and options; Forward contracts; Production contracts; Marketing; Risk and Uncertainty; Q13. |
| Ano: 2009 |
URL: http://purl.umn.edu/49237 |
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| Franken, Jason R.V.; Parcell, Joseph L.; Tonsor, Glynn T.. |
| With a declining share of the domestic meat market, some beef producers are becoming more attentive to opportunities for value-added products tailored to the desires of certain consumer segments. Using a survey of St. Louis and Kansas City, Missouri meat consumers, this study investigates perceptions of and willingness-to-pay for various value-added attributes that could be supplied as retail branded beef products. Factor analysis identifies two alternative attribute bundles as branding strategies based on perceived importance and complementarity of attributes. Nonparametric procedures provide conservative estimates of willingness-to-pay. Parametric methods identify types of consumers willing to pay significantly higher premiums. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Beef; Branding; Marketing; Value-added; Willingness-to-pay; Agribusiness; Marketing; Q13; Q15. |
| Ano: 2011 |
URL: http://purl.umn.edu/103609 |
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| Franken, Jason R.V.; Garcia, Philip; Irwin, Scott H.. |
| The storage at a loss paradox of positive inventories despite inadequate spot-futures price spread coverage of storage costs is an unresolved issue of long-standing interest to economists. Alternative explanations include risk premiums for futures market speculators, convenience yields from having inventories on hand, and the mismeasurement/aggregation of data. T-test analyses of disaggregated data suggest soybean price behavior consistent with intertemporal arbitrage conditions and corn price behavior that may imply convenience yields. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/19005 |
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| Franken, Jason R.V.; Garcia, Philip; Irwin, Scott H.. |
| The storage at a loss paradox - inventories despite an inadequate spot-futures price spread to cover storage costs - is an unresolved issue of long-standing interest to economists. Alternative explanations include risk premiums for futures market speculators, convenience yields from holding inventories, and mismeasurement/aggregation of data. Statistical analyses of regional- and elevator-level data suggest that aggregation can impact results, and that soybean price behavior is generally consistent with inter-temporal arbitrage conditions, while corn price behavior points to convenience yields at longer horizons. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2006 |
URL: http://purl.umn.edu/21319 |
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| Franken, Jason R.V.; Parcell, Joseph L.. |
| Increased use of alternative fuels and low commodity prices have contributed to the recent expansion of the U.S. ethanol industry. As with any competitive industry, some level of output price risk exists in the form of volatility; yet, no actively traded ethanol futures market exists to mitigate output price risk. This study reports estimated minimum variance cross-hedge ratios between Detroit spot cash ethanol and the New York Mercantile Exchange unleaded gasoline futures for 1-, 4-, 8-, 12-, 16-, 20-, 24-, and 28-week hedge horizons. The research suggests that a one-to-one cross-hedge ratio is not appropriate for some horizons. |
| Tipo: Journal Article |
Palavras-chave: Cross-hedging; Ethanol; Gas; G13; Q13; Q42. |
| Ano: 2003 |
URL: http://purl.umn.edu/43152 |
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| Registros recuperados: 21 | |
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