|
|
|
|
|
| Winfree, Jason A.; McCluskey, Jill J.; Mittelhammer, Ronald C.. |
| There has been a recent trend towards purchasing land for farmland preservation, wildlife refuges, other conservation, and cultural and historical preservation. There is a great deal of unexplained variation in the dollars paid per acre for these properties. The theoretical basis for this analysis is an option value model with stochastic returns to development. The data used in our analysis is sales transactions data for natural resource conservation and farmland preservation purposes from throughout the United States. We find that land, when it would be best used for development, but is not developed, has a significantly higher price. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2002 |
URL: http://purl.umn.edu/36619 |
| |
|
|
| Winfree, Jason A.; McCluskey, Jill J.. |
| Firms who sell a regional or specialty product often share a common or collective reputation, which is based on the group's aggregate quality. The dynamic problem of collective reputation is similar to the natural resource extraction problems. Therefore, for the analysis of this particular problem, we use differential games. If there is unrestricted access to a common property resource (the reputation stock), agents perceive its shadow value to be zero and extract too rapidly; i.e, they all "cheat" on quality, "milking" the rents generated by the existence of the resource (reputation stock). We show that when there exists a collective product reputation without firm traceability, the firms will extract too much from the stock of reputation. A firm is... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/21927 |
| |
|
|
| Winfree, Jason A.; McCluskey, Jill J.; Mittelhammer, Ronald C.; Gutman, Paula. |
| We estimate seasonal oligopoly power at a disaggregated variety level in the D'Anjou pear market. Our data spans 1993 to 2000, during which time imported pears became more prevalent in the U.S. market. The range of monthly industry-conduct-parameter magnitudes is 0.034 to 0.195 and is most pronounced when the fresh D'Anjou pear crop first becomes available in the earliest months of the marketing year. Possible reasons for timing of oligopoly power relate to the growth of imported pears during the latter portion of marketing year. In addition, oligopoly power may diminish during the marketing year as pears in storage decline in quality. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/27238 |
| |
|
|
|
