|
|
|
| Registros recuperados: 35 | |
|
|
| Bastian, Christopher T.; Nagler, Amy M.; Menkhaus, Dale J.; Ehmke, Mariah D.; Whitaker, James B.; Young, C. Edwin. |
| We use laboratory market experiments to assess the impact of asymmetric knowledge of a per-unit subsidy and the effect of a decoupled annual income subsidy on factor market outcomes. Results indicate that when the subsidy is tied to the factor as a per-unit subsidy, regardless of full or asymmetric knowledge for market participants, subsidized factor buyers distribute nearly 22 percent of the subsidy to factor sellers. When the subsidy is fully decoupled from the factor, as is the case with the annual payment, payment incidence is mitigated and prices are not statistically different from the no-policy treatment. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Laboratory market experiments; Agricultural subsidies; Subsidy incidence; Land market; Ex ante policy analysis; Agricultural and Food Policy; Institutional and Behavioral Economics; Q18; D03; C92. |
| Ano: 2011 |
URL: http://purl.umn.edu/104108 |
| |
|
|
| Bastian, Christopher T.; Koontz, Stephen R.; Menkhaus, Dale J.. |
| Mandatory price reporting legislation will make available to the public on a weekly basis information on terms of trade for forward contracts. The new information will provide marketing intentions details that were previously unavailable to agents in the fed cattle market. An experiment was designed to assess the potential impacts of this new information on price discovery and production efficiency. Results suggest that the proposed new information will reduce price level, reduce price dispersion, and improve production efficiency. Prices may be reduced as information risks are reduced for both buyers and sellers in the fed cattle market. This result may not be popular among sellers in the market. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 2001 |
URL: http://purl.umn.edu/18969 |
| |
|
| |
|
|
| Adams, Richard M.; Menkhaus, Dale J.; Woolery, Bruce A.. |
| This study compares the structure of E, V frontiers under several specifications of expected income and variance parameters with emphasis on fundamental differences in efficient crop mixes. The results are generated using data from a specific production region and a selected set of cropping activities for Wyoming. The risk-efficient frontiers and underlying crop mixes display sensitivity to alternative parameter definitions and suggest that if researchers intend to use the E, V approach in providing decision information to producers, care should be exercised in the choice of income and risk measures. |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1980 |
URL: http://purl.umn.edu/32530 |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
| Menkhaus, Dale J.; Yakunina, Alla V.; Phillips, Owen R.. |
| This research investigates the impact of reporting different kinds of trade information to buyers and sellers in laboratory markets, for which exchange is made through bilateral bargaining. Results suggest that public information may improve the bargaining position of buyers relative to sellers when there is spot delivery. In some cases sellers earn less than in a no information baseline. There is evidence of a curse of knowledge for sellers in our information experiments when quantity traded for the entire market is known. The mandatory price reporting of all trades does not improve the income of sellers. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2001 |
URL: http://purl.umn.edu/36127 |
| |
|
| |
|
|
| Menkhaus, Dale J.; Phillips, Owen R.; Bastian, Christopher T.; Gittings, Lance B.. |
| This laboratory study investigates the extent to which matching and inventory loss risks contribute to market power in private negotiation trading. Asymmetry in the number of buyers and sellers increases matching risk when exchange is bilateral. The risk of inventory loss can occur from advance production and is common in markets for perishable products. In a buyer concentrated market with bilateral trading, prices are about 23% below the predicted competitive level and close to the monopsony price. These lower prices are the result of tacit coordination enjoyed by buyers resulting from matching and inventory loss risks faced by sellers. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2004 |
URL: http://purl.umn.edu/20212 |
| |
|
|
| Yakunina, Alla V.; Esipov, Victor E.; Menkhaus, Dale J.; Bastian, Christopher T.. |
| The evolution of vertical coordination systems and pricing mechanisms in the Russian food system are summarized. The activities in the stages of the food vertical chain during the command economy period were coordinated administratively similar to an integrated firm. Coordination in the food chain has evolved from mostly vertical expansion through quasi integration to mostly vertical mergers, as the Russian economy has started to move toward a more market oriented system. The unique characteristics of the exchange system and the structural nature of agriculture in the potential importing country are important considerations to take into account by exporting agribusiness firms. |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization. |
| Ano: 1998 |
URL: http://purl.umn.edu/34505 |
| |
|
|
| McLeod, Donald M.; Woirhaye, Jody; Menkhaus, Dale J.. |
| The comment indicated that landed wealth (acres owned) should be included as an explanatory variable in the zoning referendum estimation. Land can be constructed as an indicator of wealth that may be impacted by land use controls. The reply focuses on study site issues as well as theoretic, empirical, and institutional/social considerations. Responses to land use control referenda depend on the land considered, attitudes toward land use planning and socio-demographic factors, including income. The amount of acres owned was not statistically significant in explaining preferences for land use controls in the case investigated by McLeod, Woirhaye and Menkhaus. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/31429 |
| |
|
|
| Ehmke, Mariah D.; Nagler, Amy M.; Menkhaus, Dale J.; Bastian, Christopher T.; Young, C. Edwin. |
| The objective of this research is to measure individuals’ fairness expectations and relate them to their market behavior in a private-negotiation institution. By doing this, we may inform model parameterization of field data and increase understanding of payment incidence causation. We hypothesize agents will change both their market and UG behavior when the tenant/proposer receives a subsidy following a successful negotiation. We also hypothesize that agents’ market behavior does relate to their fairness expectations in the UG. Two economic experiments were developed to test our hypotheses, a market and an ultimatum bargaining game experiment. We recruited 106 undergraduate students and conducted the experiments in an experimental laboratory using a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/61645 |
| |
|
|
| McLeod, Donald M.; Woirhaye, Jody; Menkhaus, Dale J.. |
| Agricultural land is being converted into rural residences at an unprecedented rate in the Inter-mountain West. Survey data have been collected for Sublette County, Wyoming concerning preferences for private land use and land use control. Selected land use controls include zoning, purchase of development rights and cluster development. Local in-migration appears to be driven by the pursuit of open space and environment amenities. Logit models are estimated for public and private choice co-variates. Private concerns about land use are the chief determinants of land use control approval. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 1999 |
URL: http://purl.umn.edu/31497 |
| |
|
|
| Menkhaus, Dale J.; Bastian, Christopher T.; Phillips, Owen R.; O'Neill, Patrick D.. |
| Laboratory methods are used to investigate the impacts of supply and demand risks in a forward market on prices, quantities traded, and earnings when the choice of transacting in a forward or spot market is endogenous. Forward market activity dominates spot trading, with 80-90% of the trades taking place in the forward market regardless of how risk arises. Buyer earnings tend to be higher than earnings for sellers when there is risk. A correspondence exists between risk type and the relative increase in buyer earnings. Buyer earnings increase significantly when demand is random, and also when both supply and demand are random. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1999 |
URL: http://purl.umn.edu/30793 |
| |
| Registros recuperados: 35 | |
|
|
|
