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| Registros recuperados: 13 | |
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| Miller, Douglas J.; Paarlberg, Philip L.. |
| The United States embarked on a policy assuming excess demands for commodities are elastic. Some analysts question the success of that policy and argue that excess demands for farm commodities are inelastic. The controversy is deepened because the two traditional techniques for determining excess demand elasticities yield opposing estimates. We use an alternative technique based on observed variation in commodity prices, production, and use. The point estimates show excess demands for wheat, coarse grains, soybeans, rice, and cotton are elastic. However, a one-sided bootstrap test cannot reject the null hypothesis that the excess demands for wheat, coarse grains, and soybeans are inelastic. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2001 |
URL: http://purl.umn.edu/20587 |
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| Brinkman, Blondel A.; Miller, Douglas J.; Nickerson, Cynthia J.. |
| Due to high losses of agricultural land in urbanizing areas over the past several years, state and local governments have adopted zoning regulations, right-to-farm ordinances, preferential property tax programs, and other means to protect agricultural land resources. Critics of the farmland preservation efforts note that these programs may only delay the ultimate conversion of farmland to urban uses and may simply shift urban development to neighboring areas (positive spillover effects). An alternative means of permanently protecting farmland is provided by purchase of development rights (PDR) programs, which enroll acreage from landowners who voluntarily sell the development rights to their farmland. Although ownership and all other property rights are... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2005 |
URL: http://purl.umn.edu/19384 |
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| Bolotova, Yuliya; Connor, John M.; Miller, Douglas J.. |
| We used extensions of traditional ARCH and GARCH models to examine the difference in the behavior of the first two moments of the price distribution during collusion and the absence of it using prices from two recently discovered conspiracies, citric acid and lysine. According to our results, the citric acid conspiracy increased prices by 9 cents per pound relative to pre-cartel and post-cartel periods. The lysine conspiracy managed to raise prices by 25 cents per pound. In addition, the variance of prices during the lysine conspiracy was lower than the variance of prices during pre-cartel and post-cartel periods as we expected. In contrast, the variance of prices during the citric acid conspiracy was higher relative to more competitive periods. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/19164 |
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| Registros recuperados: 13 | |
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