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| Registros recuperados: 23 | |
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| Wells, Gary J.; Miller, Stephen E.; Thompson, C. Stassen. |
| Previous studies have consistently indicated the anomalous result of a price inflexible demand for pecans. However, these efforts did not have an adequate measure of pecan stocks available and, as a result, stocks were either excluded from consideration or a proxy variable was introduced. A time series of pecan stocks is now available. Use of this time series in a price dependent demand function results in a flexible farm level demand for pecans. This points out the danger of excluding an appropriate variable or using a so-called "reasonable" proxy variable. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1986 |
URL: http://purl.umn.edu/29447 |
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| Miller, Stephen E.. |
| A stock-adjustment model is applied to monthly retail food store inventory data from 1968 through 1988. Estimates of the speed-of-adjustment coefficient (.34 to .75) are higher than estimates from previous research, indicating that periods of inventory disequilibrium in food retailing are short-lived. The results indicate that inventories are insensitive to financial carrying costs. The hypothesis that parameters of the model are constant over the sample period cannot be rejected, indicating that changes in food retailing (e.g., electronic scanning and diversification of product mixes) have not affected inventory behavior. |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 1990 |
URL: http://purl.umn.edu/32491 |
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| Dukes, F.R.; Miller, Stephen E.; Henry, Mark S.; Vander Mey, Brenda J.; Horton, Paul M.. |
| The red imported fire ant (Solenopsis invicta), abbreviated as RIFA, is believed to have been brought by accident to Mobile, Alabama in the 1930s via ship ballast from South America. The RIFA was first reported in Charleston and Orangeburg counties in South Carolina in 1952 and has since spread to all 46 counties in the state. The RIFA has had adverse impacts on the environments it has infested. In natural environments, the young of ground-nesting insects, reptiles, birds and mammals are subject to RIFA predation. In agriculture, the RIFA damages crops and livestock. The RIFA poses a health threat to humans, as it is aggressive and has a venomous sting. To learn more about the current impacts of the RIFA, a random sample of South Carolina households... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/18799 |
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| Bradford, Garnett L.; Miller, Stephen E.. |
| We have found that the disagreement between Returns-to-Assets (RTA) and Returns-to-Equity (RTE) proponents is not confined to agricultural economics. Depending on the course they are taking and the accompanying text, students are likely to learn that there is a "right" way to calculate Net Present Values (NPVs), either by the RTA method or the RTE method. In most cases, only one of the two methods is discussed and illustrated with numerical examples. Less common are texts that compare the two methods, discuss their underlying assumptions, or show how the NPVs from the two methods can be reconciled. The paper is organized as follows. The first section of the main body of the paper provides a comparative overview of the RTA and RTE methods; the second... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 1998 |
URL: http://purl.umn.edu/18804 |
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| Miller, Stephen E.. |
| Although apparently preferred by farmers to direct hedging as a forward pricing mechanism, forward contracting has received little attention in the literature dealing with optimal forward pricing levels. An often-cited reason for producer preference for forward contracting is the absence of basis risks under that forward pricing alternative. This paper presents models of optimal forward contracting and hedging under price and yield uncertainty within a mean-variance framework. The results indicate that basis certainty does not explain preferences for forward contracting. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1986 |
URL: http://purl.umn.edu/29790 |
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| Bradford, Garnett L.; Miller, Stephen E.. |
| Students in economics are taught that the optimal usage of a nundurable input occurs when the value of its marginal product (VMP) equals its marginal cost (MC). However, this fundamental condition has rarely been extended to durable inputs. Even advanced textbooks have done little to compare and contrast the optimality conditions for durables versus nondurables. This paper outlines and compares a common VMP-MC decision for (1) nondurables in a single-period time horizon, (2) durables in a finite planning horizon, and (3) durables in an infinite planning horizon. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance. |
| Ano: 1999 |
URL: http://purl.umn.edu/18802 |
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| Registros recuperados: 23 | |
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