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| Lusk, Jayson L.; Daniel, M. Scott; Mark, Darrell R.; Lusk, Christine L.. |
| This study explores two important issues in experimental economics: calibration and auction institution. Consumer willingness-to-pay bids for corn chips made with non-genetically modified ingredients are elicited from a 1st price and 2nd price auction. Results suggest that responses to scale differential questions, in a survey, accurately predict consumer willingness-to-pay bids. The 2 nd price auction induces a greater percentage of marginal bidders to offer a positive bid than a 1st price auction. However, average bid levels in the 1st and 2nd price auctions were not statistically different from one other. In a small and unrepresentative sample, 70 percent of student participants were unwilling to pay to exchange a bag of genetically modified corn chips... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics; Demand and Price Analysis. |
| Ano: 2000 |
URL: http://purl.umn.edu/36424 |
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| Mark, Darrell R.. |
| The objective of this paper is to contribute to an increasingly important dialogue about the differences between agricultural economics and agribusiness and how graduate degrees in agricultural economics prepare faculty for agribusiness positions. The paper focuses on the need for applied agribusiness management training in agricultural economics graduate programs, the challenges that new faculty with agribusiness extension appointments face, and balancing extension, research, and teaching responsibilities. Suggestions are offered for providing formal training in extension/outreach functions during graduate school through coursework or apprenticeships. The opportunities and difficulties associated with building a new agribusiness extension program are... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Teaching/Communication/Extension/Profession; Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/16597 |
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| Bhattacharya, Suparna; Azzam, Azzeddine M.; Mark, Darrell R.. |
| Since corn is the primary feedstock used for producing ethanol in the U.S., and ethanol production yields byproducts that can be fed to livestock in combination with corn, addressing the effect of ethanol production on meat markets should consider not only demand and supply interdependence between corn, ethanol, and ethanol byproducts; but also demand and supply interdependence between different types of meats. This paper develops a multi-market equilibrium displacement model to account for the interdependence. Six markets are considered: beef, pork, poultry, corn, ethanol, and ethanol byproducts. Results show that poultry is the most sensitive to ethanol production, followed by beef and pork. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and price analysis; Ethanol; U.S. livestock sectors; Demand and Price Analysis. |
| Ano: 2009 |
URL: http://purl.umn.edu/49371 |
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| Lusk, Jayson L.; Daniel, M. Scott; Mark, Darrell R.; Lusk, Christine L.. |
| This study explores two important issues in experimental economics: calibration and auction institution. Consumer willingness-to-pay bids for corn chips made with non-genetically modified ingredients are elicited in first- and second-price auctions. Results suggest that responses to scale-differential questions, elicited in a survey, accurately predicted consumer willingness-to-pay bids. While the second-price auction induced a greater percentage of marginal bidders to offer a positive bid compared to the first-price auction, average bid levels in the first- and second-price auctions were not statistically different from one other. In a small and unrepresentative sample, 70% of student participants were unwilling to pay to exchange a bag of chips made... |
| Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics. |
| Ano: 2001 |
URL: http://purl.umn.edu/31160 |
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