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| Gum, Russell L.; Martin, William E.. |
| A simulation model containing both economic (monetary) and socio-environmental (value index) components is developed in a case study of predator control alternatives. Particular emphasis is given to the description and justification of the socio-economic model. The economic model is estimated in terms of producers and consumers surpluses. The empirical tradeoff function developed suggests that alternatives to recent predator control programs exist that could be better for both general public and producer interests. The general approach can serve as a prototype for policy evaluations involving multiple objectives. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1979 |
URL: http://purl.umn.edu/32435 |
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| Martin, William E.; Tinney, J. Craig; Gum, Russell L.. |
| Comparable empirical estimates of the market and nonmarket values of range cattle production and hunting activity on the same land are developed in the welfare economic framework of consumers surplus, producers surplus, and the corresponding Hicksian consumer welfare measures. The values are compared to illustrate possible trade-offs that would occur under potential conflict among users of the land resource. The welfare distribution issue is examined both in terms of aggregate and individual compensation that could occur between the alternative users. |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 1978 |
URL: http://purl.umn.edu/32554 |
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| Faminow, Merle D.; Gum, Russell L.. |
| This paper presents the results of an empirical study of price differentials for feeder cattle in Arizona auction markets. Emphasis is placed upon the estimation of price/weight relationships for steers and heifers. Estimation of a short-run feeder cattle price differential model resulted in an equation with a good empirical fit. The model also is in agreement with theoretical expectations. It is concluded that the model presented in the paper could be maintained and updated periodically to provide a useful supplement to market price information services commonly used by cattle producers. |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 1986 |
URL: http://purl.umn.edu/32255 |
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