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| Yao, Richard T.; Shively, Gerald E.; Masters, William J.. |
| We investigate the Philippine government's price stabilization policy for rice. Seemingly Unrelated Regressions are used to examine the effectiveness of the program at regional and national levels over a 21-year period (January 1983 to December 2003). Results of the regional analysis indicate some NFA-induced spatial and temporal differences in terms of producer prices. The NFA successfully increased producer prices in 5 of 13 regions through stock accumulation and paddy rice purchase at floor prices. NFA stock releases do not correlate strongly with retail prices at the national level, although results from the regional model indicate that NFA stock releases reduced retail prices in five regions, leading to perceptible spatial and temporal differences... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/19263 |
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| Balagtas, Joseph Valdes; Masters, William J.; Zimmer, Timothy. |
| This paper documents the remarkable experience of the Far West mint producers in the operation of their marketing order. From 1993 to 2002, the marketing order witnessed a dramatic reduction its share of the Scotch spearmint market, as well as a reduction in both its price. We apply a model of a cartel facing a competitive fringe to describe the fall in the marketing order price as a logical consequence of increased world production of spearmint oil. We estimate an econometric model of the marketing order price and find that a 1-percent change in the marketing order's market share corresponds to a 0.8 percent change in the marketing order price. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/19328 |
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| Masters, William J.. |
| This paper identifies market failures that limit agricultural R&D for Africa and other resource-poor environments, and proposes a mechanism to help circumvent them with cash prizes for the dissemination of successful innovations. The proposed prize institution would use ex-post experiments and farm surveys to document the value of innovations after their initial diffusion, to avoid pre-specification of technologies. Prizes would be offered in proportion to estimated social benefits, and would buy innovations into the public domain so that innovators with marketable technologies would choose not to apply for prizes. A governance structure to ensure credibility and financial sustainability is proposed. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2003 |
URL: http://purl.umn.edu/22162 |
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