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| Poray, Michael C.; Ginder, Roger G.. |
| Returns from establishing closed (defined membership) cooperatives owned by grain producers to produce hogs in Iowa are evaluated. Using a computer-simulated production model incorporating biological and price factors and statistical techniques, uncertainty of production and the market environment are modeled. The returns to each farmer-member are analyzed, and the distributions of value added and total payments for each operation are ranked using a stochastic dominance criteria. Additionally, the net present value of each cooperative is computed and these are compared against each other. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Livestock Production/Industries. |
| Ano: 1999 |
URL: http://purl.umn.edu/46372 |
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| Poray, Michael C.; Foster, Kenneth A.; Dorfman, Jeffrey H.. |
| Structural change in meat consumption has been the focus of many researchers during the last two decades. In this paper we develop a dynamic linear Almost Ideal Demand System (AIDS) model from a cost function that allows for time varying parameters. This model is consistent with inertia in the parameters of the cost and indirect utility functions. It allows for persistent preferences which may arise from cultural biases, lifestyles, peer pressure, etc. An empirical application is conducted with US meat consumption and price data using a generalized system of flexible least squares, Generalized Flexible Least Squares (GFLS). GFLS allows parameters to evolve slowly over time through incorporating of penalties in fluctuations. Estimated quarterly... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2001 |
URL: http://purl.umn.edu/28672 |
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| Poray, Michael C.; Ginder, Roger G.. |
| We evaluate returns from establishing closed (defined membership) cooperatives owned by grain producers to produce hogs in Iowa. Using a computer simulated production model incorporating biological factors and statistical techniques we model uncertainty of production and market environment. Using a MOTAD model, an efficient Expected Income-Mean Absolute Income Deviation (E-A) frontier is developed for the proposed closed swine production cooperatives. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Livestock Production/Industries. |
| Ano: 1997 |
URL: http://purl.umn.edu/18233 |
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| Poray, Michael C.; Foster, Kenneth A.; Dorfman, Jeffrey H.. |
| Structural change in meat consumption has been the focus of many researchers during the last two decades. In this paper we develop a dynamic linear Almost Ideal Demand System (AIDS) model from a cost function that allows for time varying parameters. This model is consistent with inertia in the parameters of the cost and indirect utility functions. It allows for persistent preferences which may arise from cultural biases, lifestyles, peer pressure, etc. An empirical application is conducted with US meat consumption and price data using a generalized system of flexible least squares, Generalized Flexible Least Squares (GFLS). GFLS allows parameters to evolve slowly over time through incorporating of penalties in fluctuations. Estimated quarterly... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis; Institutional and Behavioral Economics. |
| Ano: 2000 |
URL: http://purl.umn.edu/21796 |
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