|
|
|
| Registros recuperados: 47 | |
|
|
| Mullen, John D.; Wohlgenant, Michael K.. |
| A contingent valuation approach has been used to estimate the willingness to pay by consumers for changes in leanness and portion size in lamb loin chops. Over 800 consumers were interviewed at four major shopping centres in Sydney. Consumers were prepared to buy loin chops with more fat cover at a discounted price but were unwilling to offer a premium for chops with a larger area of red meat. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1991 |
URL: http://purl.umn.edu/22618 |
| |
|
|
| Piggott, Nicholas E.; Wohlgenant, Michael K.. |
| This paper extends the basic results of Houck’s insight for derived demand elasticities for the case of joint products by allowing for the possibility of the joint and raw products being traded. Theoretical relationships between individual demands for a set of jointly-produced commodities that are traded and composite demand for the raw product from which the joint products originate are derived. It is shown that while the derived price elasticity of domestic demand retains the same form as Houck’s original formula, the relevant price elasticities of demand to include in the formula are elasticities of total demand instead of domestic demand elasticities. Using the USA soybean industry as an example, this generalised formula that takes into account trade... |
| Tipo: Article |
Palavras-chave: Demand and Price Analysis; International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/118592 |
| |
|
|
| Wohlgenant, Michael K.. |
| Differences among firms in a competitive industry can affect the shape of the industry supply curve. It is necessary to know how both production costs and rents are affected by research. Industry response to research will be different depending upon whether entry occurs. If the effect of entry is ignored, then the price decline from research will be overstated. Industry marginal returns can be positive with purely yield‐increasing research, even when industry demand is inelastic. Standard formulas for calculating producer surplus based on linear industry supply and demand curves are strictly valid only if the analysis is restricted to short‐run equilibrium behaviour. |
| Tipo: Journal Article |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 1997 |
URL: http://purl.umn.edu/118054 |
| |
|
| |
|
|
| Koksal, Aycan; Wohlgenant, Michael K.. |
| In this study, we employ a rational addiction framework to analyze the effects of smoking bans on alcohol consumption in bars/restaurants. We use pseudo panel data approach which has many advantages compared to panel data. Although cigarettes and alcohol are complements in consumption, our findings suggest that smoking bans in restaurants do not have a significant effect on the restaurant alcohol consumption. It is possible that smoking bans at restaurants cause a decrease in the restaurant alcohol consumption of smokers, but lead to an increase in the restaurant alcohol consumption of nonsmokers. If this is the case, the net effect of smoking bans on overall restaurant alcohol consumption would be zero. These results are just preliminary, and further... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cigarette; Alcohol; Smoking ban; Rational addiction; Pseudo panel; Demand and Price Analysis. |
| Ano: 2011 |
URL: http://purl.umn.edu/103600 |
| |
|
|
| Alston, Julian M.; Carter, Colin A.; Wohlgenant, Michael K.. |
| Political-economic analyses of the causes and consequences of agricultural commodity policies typically emphasize farmer and consumer (taxpayer) interests and underplay the role of agribusiness. A more complete understanding of agricultural policy requires paying attention to the important role of agribusiness interests. Policies that benefit farmers (e.g., price supports, supply controls, deficiency payments) may either enhance or reduce agribusiness profits. The type of policy instrument preferred by agribusiness varies among commodities, depending on the technology of the marketing processes beyond the farm gate and the elasticity of final demand. This paper emphasizes the idea that instruments of farm policy are chosen in response to pressures from... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm programs; Farm policy; Agribusiness; Political economy; Agricultural and Food Policy. |
| Ano: 1989 |
URL: http://purl.umn.edu/51252 |
| |
|
|
| Carpio, Carlos E.; Wohlgenant, Michael K.. |
| This paper develops a fully structural econometric consumer demand model for goods which have time and monetary costs, and where time spent obtaining the goods also enters into the utility function. The model is used to analyze customers' decision to buy pick-your-own versus pre-harvested fruit at North Carolina pick-your-own fruit operations. The empirical application distinguishes the double effect of time as a resource constraint and also providing utility. Elasticity estimates show that strawberries sold at pick-your-own operations are price elastic, with pick-your-own fruit being less price elastic than pre-harvested fruit. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics. |
| Ano: 2006 |
URL: http://purl.umn.edu/21372 |
| |
|
| |
|
|
| Wohlgenant, Michael K.. |
| This paper examines the extent to which observed changes in per capita beef consumption can be accounted for by changes in relative prices and per capita real income. Particular attention was given to specifying the functional form by focusing on the nature of demand shifts over time. These considerations led to selection of the Fourier flexible form with a Fourier series expansion in relative meat prices. The results support the hypothesis that recent shifts in demand for beef can be attributed to changes in relative prices of competing meats, especially poultry. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 1985 |
URL: http://purl.umn.edu/32309 |
| |
|
| |
|
| |
|
| |
|
|
| Shui, Shangnan; Wohlgenant, Michael K.; Beghin, John C.. |
| This study investigates the effects on the U.S. cotton industry of textile trade liberalization using a multi-market equilibrium displacement model. The simulation results suggest that textile trade liberalization would induce small changes in the total demand for U.S. cotton but would affect considerable y U.S. cotton demand structure, making U. S, cotton growers more dependent on world markets. The welfare analyses reveal that textile trade liberalization would result in a small welfare loss for U, S. cotton producers. As expected, textile trade liberalization also would lead to considerable substitution of imports for domestic production and substantial declines in prices of all textile products. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1993 |
URL: http://purl.umn.edu/31634 |
| |
|
| |
|
|
| Brester, Gary W.; Wohlgenant, Michael K.. |
| The GATT/Uruguay Round trade negotiations have resulted in a multilateral relaxation of beef trade restrictions. A linear elasticity model of the U.S. beef industry is developed using log differentials equations. Beef consumption, production, and trade are disaggregated into appropriate ground and table cut components. The model predicts that GATT/Uruguay Round will cause asymmetric effects on ground and table cut beef consumers. In general, fed cattle and cow/calf producers will benefit from trade liberalization because of increases in fed and feeder cattle prices. However, nonfed cattle price will decrease. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1997 |
URL: http://purl.umn.edu/31006 |
| |
|
| |
|
|
| Koksal, Aycan; Wohlgenant, Michael K.. |
| It has long been recognized that cigarette and alcohol not only have adverse health effects, but also negative externalities imposed on third parties. If cigarette and alcohol are related in consumption, the information on the way in which they are related may allow a better coordination of the public policies concerning these goods. In this study, we use the expenditure data of a panel of US households to analyze the relation between cigarette and alcohol consumption in a rational addiction framework. We believe that individual level data would be a better tool to analyze addictive behavior as aggregate data might conceal much of micro behavior. We found that cigarettes and alcoholic beverages are substitutes. However, both cigarette and alcohol demand do... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Rational addiction; Panel data; Cigarette consumption; Alcohol consumption; Demand and Price Analysis. |
| Ano: 2010 |
URL: http://purl.umn.edu/61305 |
| |
|
|
| Muth, Mary K.; Karns, Shawn A.; Wohlgenant, Michael K.; Anderson, Donald W.. |
| Implementation of the Pathogen Reduction and Hazard Analysis and Critical Control Points (PR/HACCP) regulations has occurred across all U.S. meat and poultry plants. A probit model is estimated to determine which factors have affected the probability of red meat slaughter plant exit during implementation of the regulations. While controlling for plant-level, company-level, regional-level, and supply conditions that may affect the probability of plant exit, smaller plants are found to exhibit a much greater probability of exit than larger plants. Other factors affecting plant exit include plant age, market share relative to the degree of market concentration, regional entry rates, and state-level wage rates. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2002 |
URL: http://purl.umn.edu/31073 |
| |
|
|
| Koksal, Aycan; Wohlgenant, Michael K.. |
| In this paper, using pseudo panel data we analyze the relation between cigarette, alcohol, and coffee consumption within the rational addiction framework. Our purpose in this study is twofold. First, we want to get more insights about behavioral processes concerning cigarette, alcohol and coffee consumption. Second, we hope that our attempt to generalize rational addiction model to include three addictive goods will be useful to generate further research in the related literature. We found that cross price elasticity of cigarette with respect to alcohol price is negative, while cross price elasticity of alcohol with respect to cigarette price is positive. We believe that drinking works as a trigger for smoking especially in social settings like bars while... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cigarette; Alcohol; Coffee; Rational addiction; Pseudo panel; Demand and Price Analysis. |
| Ano: 2011 |
URL: http://purl.umn.edu/103602 |
| |
|
| |
| Registros recuperados: 47 | |
|
|
|
