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| Registros recuperados: 42 | |
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| Fulton, Murray E.; Mihal, Daniela. |
| Carbon offset markets have been suggested as a cost effective means of reducing GHG emissions. This paper develops a model of heterogeneous emitters and producers to examine the consequences of non-compliance on the performance of the carbon-offset market. The analysis begins with the derivation of demand and supply curves for carbon offsets based on perfect compliance. The paper then considers the impact of non-compliance by producers on the supply of carbon offsets. Results show that the extent of producers' non-compliance decreases with an increase in the audit probability and/or an increase in the penalty per unit of non-compliance. In addition, the number of producers participating in the carbon offsets market is shown to increase with an increase in... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19179 |
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| Fulton, Murray E.. |
| Over the summer and early autumn of 2006, the Government of Canada has indicated its desire to remove the single-desk selling powers of the Canadian Wheat Board (CWB). The purpose of this paper is to explore the impacts of this proposal. The main conclusion of the paper is that it will be very difficult, if not impossible, for the CWB to survive as an organization. Thus, contrary to what the recent task force report by the federal government indicates, the most likely impact of removing the single-desk selling powers is that the CWB will cease to exist. The elimination of the CWB would transform the Canadian grains industry, with the impact of this change felt in virtually every part of the system. The changes that would accompany the loss of... |
| Tipo: Report |
Palavras-chave: Canadian Wheat Board; CWB; Grain; CWB removal; Task Force Report; Crop Production/Industries; Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/31787 |
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| Fulton, Murray E.; Ketilson, Lou Hammond. |
| This paper examines the role of cooperatives in the economic and social development of communities in Saskatchewan, a prairie province of Canada. Based on a comprehensive study of cooperatives in that province, it provides statistical evidence of the economic importance of cooperatives and anecdotal evidence from interview that demonstrates the value of cooperatives in contributing to the social well-being of residents and in maintaining a sense of community. It also posits a number of theoretical models that can be used to explain the role of cooperatives in communities. A major finding is that cooperatives play a critical role in ensuing the continued social and economic existence of many communities, particularly smaller communities facing rural decline. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1992 |
URL: http://purl.umn.edu/46281 |
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| Lang, K.A.; Fulton, Murray E.. |
| Since 2001 several of the largest agricultural co-operatives in Western Canada and the United States have battled impending bankruptcy or ceased operations. In February 2001 Dairyworld Foods was bought out by Montreal dairy processor and cheese producer Saputo Inc. (Saputo; Toronto Stock Exchange). In November 2001, Agricore, formed through a 1998 merger of Alberta Wheat Pool Ltd. and Manitoba Pool Elevators, merged with United Grain Growers to form Agricore United (Agricore United). In the United States, AgWay and Farmland Industries filed for Chapter 11 bankruptcy protection in 2002 (Reuters, 2000), while the Saskatchewan Wheat Pool (hereinafter referred to as SWP or the Pool) underwent a massive debt restructuring in 2003 after four years of consecutive... |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 2004 |
URL: http://purl.umn.edu/46018 |
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| Yiannaka, Amalia; Fulton, Murray E.. |
| The paper models the patenting behavior of the innovator/patent applicant who having invented a drastic product innovation decides on the optimal breadth of protection claimed. The patenting process is modeled as a sequential game of complete information. The patentee acts strategically and with foresight. He chooses the breadth of protection that induces the desired behavior by his opponents and he incorporates transaction costs that may have to be incurred to enforce his patent rights. Our results suggest that contrary to what is traditionally assumed it is not generally optimal for the patentee to claim the broadest protection possible. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2001 |
URL: http://purl.umn.edu/20500 |
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| Fulton, Murray E.; Vercammen, James. |
| The traditional pricing mechanism examined in the economic literature on cooperatives is uniform (or linear) pricing. The conclusion of the literature is that uniform pricing mechanisms will often give rise to economic inefficiencies. These inefficiencies emerge when the cooperative is operating in a region of either increasing average cost or decreasing average cost. The reason for these inefficiencies is that uniform pricing schemes cannot allocate the profits or losses of a cooperative among its members without distorting the decisions members make. The purpose of this paper is to explore the role of non-uniform pricing in generating efficient outcomes and to examine the distributional effects of simple non-uniform pricing schemes. Although the focus of... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Demand and Price Analysis. |
| Ano: 1995 |
URL: http://purl.umn.edu/46182 |
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| Penson, John B., Jr.; Fulton, Murray E.. |
| This study examines the effects that a cutback in production by Texas agricultural producers would have on the economic well-being of all producers and consumers in the states economy. To do this, a quadratic input-output model incorporating econometric estimates of final demand was developed for the Texas economy. The output of the agricultural production sectors was constrained to reflect the cutback in production. The results show that agricultural producers would be economically worse off than before only if the producers of raw agricultural products in Texas imported their input needs from other geographical areas. |
| Tipo: Journal Article |
Palavras-chave: Community/Rural/Urban Development; Production Economics. |
| Ano: 1980 |
URL: http://purl.umn.edu/32392 |
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| Fulton, Murray E.; Larson, Kathy A.. |
| This paper examines how agency problems combined with overconfidence and hubris by coop management lead to financial failure in the Saskatchewan Wheat Pool. As a consequence of both of these problems, the Pool made poor investment decisions and ended up in severe financial difficulties. These problems were exacerbated by three additional factors: (1) ownership and control were separated via an A-B share structure, leading to a situation where neither farmer members nor investors had an incentive to monitor management activities; (2) the sheer volume of investment activity undertaken made it virtually impossible for the board to stay on top of what was happening; and (3) as a result of the change financial structure, senior management had available a large... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Crop Production/Industries. |
| Ano: 2009 |
URL: http://purl.umn.edu/56886 |
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| Lamprinakis, Lampros; Fulton, Murray E.. |
| The purpose of this article is to examine the effect of cognitive dissonance in a mixed oligopoly where a local cooperative competes with an investor-owned firm (IOF) for the local market. The article explicitly incorporates individuals' beliefs regarding the quality of the two organizations as a choice variable in the utility function and individuals trade off utility from beliefs against utility resulting from their actions. The proposed model considers a case where managerial decisions or the introduction of new products forces consumers to modify their initial beliefs regarding the (superior) quality of their cooperative. Analytical results demonstrate the changes in equilibrium that result from cognitive dissonance. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics. |
| Ano: 2006 |
URL: http://purl.umn.edu/21228 |
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| Bontems, Philippe; Fulton, Murray E.. |
| In this paper, we show formally that cooperatives can possess an informational - and hence cost - advantage compared to For Profit Firms. This advantage is directly linked to the goal alignment between the cooperative and its members, and is influenced by the extent of income redistribution between members. Hence the standard practice of modeling the cooperative and the FPF as having identical cost structures appears to be theoretically unsound. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2004 |
URL: http://purl.umn.edu/20073 |
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| Fulton, Murray E.; Hueth, Brent. |
| The cases assembled in this special issue provide a rich setting for an examination of a number of cooperative conversion and restructurings that have occurred over the last 10 years. The cases also provide some lessons on the larger cooperative problems and questions in which cooperative researchers have been interested. The cases suggest that some of the conversions and restructurings are due to what can simply be called poor management, something that is not unique to co-ops, but is in fact common to all business enterprises regardless of their structure. At the same time, the cases also point out that common structural problems associated with cooperatives – such as lack of capital, property right problems and portfolio problems – do have an impact on... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2009 |
URL: http://purl.umn.edu/56894 |
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| Yiannaka, Amalia; Fulton, Murray E.. |
| Patents provide very important incentives for innovative activity by enabling innovators to appropriate innovation rents through the granting of exclusive rights on their innovations. The limit of these exclusive rights is defined by two elements - patent length and patent breadth. Patent length is the time period during which the innovator has exclusive rights on the innovation and is predetermined by law. Patent breadth defines the technological territory claimed and protected by the patent - the area in the technological space within which competitors cannot offer rival innovations without infringing the patent - and is explicitly chosen by the innovator. A standard assumption in the economics literature is that an innovator should always choose to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2002 |
URL: http://purl.umn.edu/19624 |
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| Registros recuperados: 42 | |
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