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ECONOMIC EFFECTS OF A BAN AGAINST ANTIMICROBIAL DRUGS USED IN U.S. BEEF PRODUCTION AgEcon
Mathews, Kenneth H., Jr..
Economic effects for three scenarios of antimicrobial drug use in livestock production -- a no-ban scenario and two levels of bans -- are examined through cost minimization and a partial equilibrium analysis. Results indicate that regulating antimicrobial drug use in livestock production would increase per-unit costs of producers previously using drugs and reduce beef supplies in the short run, reducing consumer surplus. Producers not previously using drugs would benefit from short-run price increases.
Tipo: Journal Article Palavras-chave: Antimicrobial drug; Ban; Beef production; Cost minimization; Feed efficiency; Growth function; Growth promotant; Livestock Production/Industries; C61; D21; D41; I118; Q11; Q12; Q18; R38.
Ano: 2002 URL: http://purl.umn.edu/15068
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The FDA Food Safety and Modernization Act and the Exemption for Small Firms AgEcon
Pouliot, Sebastien.
The FDA Food Safety Modernization Act of 2010 is new legislation that mandates, among other things, new food safety standards. The act includes a clause that exempts small firms from new regulatory requirements. This paper investigates the effects of a small firm exemption from more stringent food safety standards. The model compares food safety, total output and the number of market participants for different food safety regulation with and without an exemption for small firms. The numerical examples show that a more stringent food safety regulation increases food safety, increases the price of food, decreases the total output and decreases the number of firms. A new food safety standard with an exemption for small firms increases the average food safety...
Tipo: Conference Paper or Presentation Palavras-chave: Food safety; Heterogeneous firms; Regulation; Regulatory exemption; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; D21; M31; Q10; Q18.
Ano: 2011 URL: http://purl.umn.edu/103885
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The Effects of Relative Price and Health Information on Derived Demand for Sweeteners in the U.S. Food Processing Industry AgEcon
Hailu, Getu; Thangaraj, Rawlin; Cranfield, John A.L..
The purpose of the study is to examine the differential effects of relative prices and diet-health link information on the degree of substitution between corn and cane sugar in the U.S. food processing sector. Our results suggest that the nature of the relationship between cane and corn sugar is complementary and time-varying; and the elasticity of substitution is more responsive to changes in relative prices than to changes in health information.
Tipo: Report Palavras-chave: Derived Demand; Sweeteners; Relative Prices; Health Information; Trade offs; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; D21; I18; L66.
Ano: 2007 URL: http://purl.umn.edu/6835
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Cost Analysis of Alternative Harvest and Storage Methods for Switchgrass in the Southeastern U.S. AgEcon
Larson, James A.; Mooney, Daniel F.; English, Burton C.; Tyler, Donald D..
This study evaluated the potential impacts of dry matter losses from alternative harvest and storage methods on the costs of growing switchgrass for energy production. Data from a switchgrass bale harvest and storage experiment at Milan, TN, indicate that storage losses for covered rectangular bales were greater than for covered round bales. In addition, the cost of delivered feedstock increased with longer storage times because of larger dry matter losses. Even though storage losses were higher with uncovered large round bales, production costs were the lowest because costs of storage were minimal compared to other storage methods.
Tipo: Conference Paper or Presentation Palavras-chave: Bioenergy; Dry matter loss; Storage; Production Economics; D20; D21; D81; D86; Q13; Q42; P42.
Ano: 2010 URL: http://purl.umn.edu/56518
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Determinants of the Strength of Strategic Adjustments in Farm Capital Structure AgEcon
Escalante, Cesar L.; Barry, Peter J..
This study employs correlation relationships to measure the strength of trade-offs between business and financial risks as a representative of the strategic capital adjustment process. Under different business risk measures based on varying lengths of historical farm income data, results suggest that farmers tend to adopt a myopic perspective when contemplating risk-balancing plans. Cross-sectional regression results for two-time period models covering the decade of the 1980s and 1990s yielded important implications. The liquidity-constrained environment of the 1980s emphasizes the combination of risk-balancing plans, specialization, and market revenue-enhancing strategies. In the 1990s, risk balancing becomes compatible with risk-reducing crop...
Tipo: Journal Article Palavras-chave: Business risk; Correlation coefficient measure of risk balancing; Expected utility mean variance model; Financial risk; Risk management strategy; Stochastic interest rates; Strategic capital adjustment; D21; D81; G11; Q12; Q14.
Ano: 2003 URL: http://purl.umn.edu/37834
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Quality Signaling through Certification AgEcon
Auriol, Emmanuelle; Schilizzi, Steven.
This paper analyzes the problem raised by quality provision in globalizing economies. When quality is a credence attribute, there is a signaling problem and quality drops to its minimum level. A way out of this under-provision equilibrium consists to rely on certification. However certification of goods involves costs, most of which are fixed, because to credibly signal quality, the certification process has to be carry out by an independent authority above all suspicion. The certification costs, which might justify a centralized intervention, become a major force in deciding market structure. Then in a given population the rate of certification depends on the consumers' wealth and size. If the population is too poor the market for certification collapses...
Tipo: Presentation Palavras-chave: Agricultural and Food Policy; Crop Production/Industries; D11; D21; L11; L15..
Ano: 2000 URL: http://purl.umn.edu/123598
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A Cost Approach to Economic Analysis under Production Uncertainty AgEcon
Chavas, Jean-Paul.
This paper explores the economics of input decision by a firm facing production uncertainty. It relies on a state-contingent approach to production uncertainty. First, the paper develops a methodology to specify and estimate cost-minimizing input decisions under a state-contingent technology. Second, the analysis is applied to time series data on US agriculture. It finds strong empirical evidence that, in the analysis of input choices, expected output alone does not provide an appropriate representation of production uncertainty. The results provide empirical support for an output-cubical technology. This indicates that an ex post analysis of stochastic technology (as commonly found in previous research) appears appropriate. The analysis also provides...
Tipo: Conference Paper or Presentation Palavras-chave: Production uncertainty; State contingent; Cost; Cubical technology.; Research Methods/ Statistical Methods; C3; D21; D8.
Ano: 2006 URL: http://purl.umn.edu/21081
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Ethanol Plant Investment using Net Present Value and Real Options Analyses AgEcon
Schmit, Todd M.; Luo, Jianchuan; Tauer, Loren W..
A real option analysis of dry-grind corn ethanol plants compared to a standard net present value analysis (NPV) shows that the option values increase entry prices and lower exit prices of investment and disinvestment considerably. For a large plant, the gross margin of ethanol price over the corn price for a gallon of ethanol using NPV shows that entry will occur with a $0.45 margin and shutdown will occur at a $0.38. Under a real options framework, the margins for entry and exit become $1.33 and $0.13, respectively. Under baseline conditions, a large operating plant would become mothballed at $0.18 and reactivate if margins rebounded to $0.66. Growth in the variability of ethanol margins will delay new plant investments, as well as exits of currently...
Tipo: Working or Discussion Paper Palavras-chave: Ethanol; Net Present Value; Real Options Analyses; Environmental Economics and Policy; Financial Economics; Production Economics; Resource /Energy Economics and Policy; D21; D81; Q4.
Ano: 2008 URL: http://purl.umn.edu/51145
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Non-Farm Rural Activities (NFRA) in a Peasant Economy: The Case of the North Peruvian Sierra AgEcon
Velazco, Jackeline.
Is it feasible to increase income and generate employment in the context of a traditional labour intensive rural industry with strong linkages to an agriculturally backward economy? In order to address this issue, primary data from four villages of Peruvian North Sierra was used. The case of the hat making activity, employing exclusively family labour, purchasing the main input (straw, paja de palma) from Ecuador, and with consumers concentrated on villages and small towns, was investigated. The analysis was made at the market level. Considering the context of a self-employment activity, a theoretical framework was developed to explain the determinants of labour demand, input demand, hat output and labour return. Demand and supply constraints to the...
Tipo: Conference Paper or Presentation Palavras-chave: Non-farm rural activities; Self-employment activity; Peasant economy; Peru; Community/Rural/Urban Development; D12; D21; Q12..
Ano: 2003 URL: http://purl.umn.edu/25817
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An Economic Model for Bioprospecting Contracts AgEcon
Ding, Helen; Nunes, Paulo A.L.D.; Onofri, Laura.
This paper explores the use of a micro-economic model to analyse the provisions and parties of bioprospecting contracts. It focuses on the pharmaceutical industry as the representative biodiversity buyer, presenting an original theoretical framework that explains the main contract characteristics or stylised facts. Against this background, it considers the main contractors involved in these private contracts, i.e. biodiversity sellers and biodiversity buyers, analysing both the magnitude and distribution of the respective payoffs. Particular attention is devoted to the different, mixed impacts of bioprospecting contracts and patenting on social welfare. The positive welfare impacts delivered by bioprospecting contracts are associated with the potential...
Tipo: Working or Discussion Paper Palavras-chave: Bioprospecting Contract; Genetic Resource; Biodiversity Buyer; Biodiversity Seller; Patenting; Welfare Analysis; Benefit Sharing; Productivity Analysis; D21; D23; D61; L14; Q57.
Ano: 2007 URL: http://purl.umn.edu/7450
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Evaluating the Effects of Decoupled Payments under Output and Price Uncertainty AgEcon
Kotakou, Christina A.; Katranidis, Stelios D..
This paper examines the effects of decoupling policies on Greek cotton production under the hypothesis that producers face uncertainty about output price and quantity. Using our estimation results we simulate the effects on cotton production under four alternative policy scenarios: the ‘Old’ CAP regime (i.e. the policy practiced until 2005), the Mid-Term Review regime, a fully decoupled policy regime and a free trade-no policy scenario. Our results indicate the decoupled payment will have two contradictious effects on risk aversion. Producers become less risk averse through the wealth effect but more risk averse because of the increased output variance. The overall result of these two effects depends on the degree of risk aversion by farmers. We found that...
Tipo: Conference Paper or Presentation Palavras-chave: Common Agricultural Policy; Decoupling; Uncertainty; Agricultural and Food Policy; D21; Q18.
Ano: 2010 URL: http://purl.umn.edu/91753
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Innovation Behaviour At Farm Level – Selection And Identification AgEcon
Sauer, Johannes; Zilberman, David.
Using a squential logit model and a mixed-effects logistic regression approach this empirical study investigates factors for the adoption of automatic milking technology (AMS) at the farm level accounting for problems of sequential sample selection and behaviour identification. The results suggest the importance of the farmer’s risk perception, significant effects of peer-group behaviour, and a positive impact of previous innovation experiences.
Tipo: Conference Paper or Presentation Palavras-chave: Innovation; Dairy Farming; Sample Selection; Mixed-Effects Modelling.; Marketing; D21; Q12; C5.
Ano: 2009 URL: http://purl.umn.edu/51073
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Exports and Productivity: A Survey of the Evidence from Firm Level Data AgEcon
Wagner, Joachim.
While the role of exports in promoting growth in general, and productivity in particular, has been investigated empirically using aggregate data for countries and industries for a long time, only recently have comprehensive longitudinal data at the firm level been used to look at the extent and causes of productivity differentials between exporters and their counterparts which sell on the domestic market only. This paper surveys the empirical strategies applied, and the results produced, in 45 microeconometric studies with data from 33 countries that were published between 1995 and 2004. Details aside, exporters are found to be more productive than non-exporters, and the more productive firms self select into export markets, while exporting does not...
Tipo: Working or Discussion Paper Palavras-chave: Exports; Productivity; Literature survey; Micro data; International Relations/Trade; Productivity Analysis; F14; D21.
Ano: 2005 URL: http://purl.umn.edu/26308
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Factors Affecting Adoption of Cow-Calf Production Practices in Oklahoma AgEcon
Ward, Clement E.; Vestal, Mallory K.; Doye, Damona G.; Lalman, David L..
Most technology adoption research has focused on crops. Primary data were used to determine differences in management practices among two groups of Oklahoma cow-calf producers based on herd size and cattle income dependence. Significant differences were noted between two groups of producers (smaller operations with less dependence on cattle versus larger with more dependence on cattle) in 79% of the management practices examined. Logit models determined factors influencing the probability of adopting 17 recommended practices. Important factors included the firm goal to choose practices that reduce labor, income dependence on cattle, human capital, and size of operation.
Tipo: Journal Article Palavras-chave: Cattle; Cow-calf; Livestock; Management practices; Technology adoption; Agribusiness; Demand and Price Analysis; Livestock Production/Industries; Productivity Analysis; D21; Q12; Q16.
Ano: 2008 URL: http://purl.umn.edu/47263
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Globalization of innovation activity by transnational corporations: and its importance in the present economic crisis AgEcon
Zorska, Anna.
The research aims to investigate the process of globalizing innovation activity conducted by transnational corporations (TNCs), in a wider context of economic changes outside and inside companies. The process has been triggered by decentralization and internationalization of R&D, “creative transition” of foreign subsidiaries as well as implementing research networks and the open innovation model of TNCs’ innovation activity. Under the present economic crisis some slowdown and reorientation of innovation programs are implemented in order to reduce their costs and increase effectiveness. The globalization of corporate innovation activity can contribute to reaching some of TNCs’ goals both under the present crisis and the future revival of the world...
Tipo: Journal Article Palavras-chave: Globalization; Innovations; Economic crisis; TNC.; International Development; D21; F23; L22; O32.
Ano: 2010 URL: http://purl.umn.edu/94610
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EFFECTS OF QUALITY CONSIDERATIONS AND CLIMATE/WEATHER INFORMATION ON THE MANAGEMENT AND PROFITABILITY OF COTTON PRODUCTION IN THE TEXAS HIGH PLAINS AgEcon
Britt, Megan L.; Ramirez, Octavio A.; Carpio, Carlos E..
Production function models for cotton lint yields, seed yields, turnout, and lint quality characteristics are developed for the Texas High Plains. They are used to evaluate the impacts of quality considerations and of climate/weather information on the management decisions and on the profitability and risk of irrigated cotton production systems. It is concluded that both quality considerations and improved climatic/weather information could have substantial effects on expected profitability and risk. These effects mainly occur because of changes in optimal variety selection an irrigation water use levels. Quality considerations in particular result in significantly lower irrigation water use levels regardless of the climate/weather information...
Tipo: Journal Article Palavras-chave: Climatic/weather information; Cotton quality; Ground water resource use; Risk and uncertainty; Texas High Plains; Crop Production/Industries; D21; D24; D61; D81; D84.
Ano: 2002 URL: http://purl.umn.edu/15082
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An analysis of the challenges of the maize seed industry in eastern and southern Africa AgEcon
Langyintuo, Augustine S.; Mwangi, Wilfred; Diallo, Alpha O.; MacRobert, John F.; Dixon, John; Banziger, Marianne.
The liberalization and restructuring of the seed sector in eastern and southern Africa (ESA) during the past two decades have witnessed a proliferation of private seed companies in the maize seed industry (Hassan et al., 2001; Lemonius, 2005). Although the total number of registered maize seed companies increased from 8 and 11, respectively, in 1997 to 40 each, the quantities of seed marketed barely doubled, increasing from 23,000 and 27,000 tons to 53,000 and 51,000 tons, respectively; an indication that the reforms are insufficient in ensuring efficient functioning of the sector in the two regions. A study involving 117 seed providers, representing 92 percent of all registered maize seed companies in ESA in 2007 identified bottlenecks that have...
Tipo: Conference Paper or Presentation Palavras-chave: Keywords: Maize seed industry; Seed policies; Eastern and southern Africa; Institutional and Behavioral Economics; International Development; Marketing; D21; M31; O32.
Ano: 2009 URL: http://purl.umn.edu/51713
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Resistance to Change AgEcon
Dow, James; Perotti, Enrico.
Established firms often fail to maintain leadership following disruptive market shifts. We argue that such firms are more prone to internal resistance. A radical adjustment of assets affects the distribution of employee rents, creating winners and losers. Losers resist large changes when strong customer goodwill cushions the consequences. Partial adaptation may lead winners to depart to form new firms with no goodwill, but no internal resistance.
Tipo: Working or Discussion Paper Palavras-chave: Resistance to Change; Leadership; Adaptation; Risk and Uncertainty; D21.
Ano: 2010 URL: http://purl.umn.edu/60752
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Assessing the Technical and Allocative Efficiency of U.S. Organic Producers AgEcon
Park, Timothy A.; Lohr, Luanne.
We develop measures of technical and allocative efficiency of producers in marketing certified organic products. A stochastic output distance frontier and the associated revenue share equations are estimated using comprehensive U.S. data on certified organic producers. Farm-level measures of technical efficiency are calculated and factors that enhance performance are identified. Factors that systematically influence allocative efficiency are assessed. The revenue mix of organic producers is systematically inefficient as both male and female producers rely too heavily on revenue from organic markets relative to conventional outlets.
Tipo: Journal Article Palavras-chave: Organic farming; Stochastic frontier; Technical and allocative efficiency; Agribusiness; Farm Management; Marketing; Production Economics; Productivity Analysis; Public Economics; D21; C31; Q01.
Ano: 2010 URL: http://purl.umn.edu/90678
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What's Psychology Worth? A Field Experiment in the Consumer Credit Market AgEcon
Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil; Shafir, Eldar; Zinman, Jonathan.
Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to address this question. Incumbent clients of a lender in South Africa were sent letters offering them large, short-term loans at randomly chosen interest rates. Psychological “features” on the letter, which did not affect offer terms or economic content, were also independently randomized. Consistent with standard economics, the interest rate significantly affected loan take-up. Inconsistent with standard economics, the psychological features also significantly affected...
Tipo: Working or Discussion Paper Palavras-chave: Behavioral economics; Psychology; Microfinance; Marketing; Field experiment; Credit markets; Consumer/Household Economics; D01; C93; D12; D21; D81; D91; M37; O12.
Ano: 2005 URL: http://purl.umn.edu/28441
Registros recuperados: 76
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