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| Registros recuperados: 45 | |
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| Wocken, Meike; Kneib, Thomas. |
| This study examines the effect of European intervention politics in the European butter market in the context of market liberalization using the example of Germany. A heteroscedastic Tobit model is estimated using German butter market data from 1973-2010. There is evidence that price support has reduced price instability in the butter market. Simulation indicates that enhancing intervention price causes an increase in the expected butter price in the long-run, even though if market price is higher than intervention level. We find changing effects of stockpiling. If difference between market and intervention price is small and stock quantity is high, it significantly contributes to reducing price volatility. On the contrary if price difference is large and... |
| Tipo: Presentation |
Palavras-chave: Censored regression; Market liberalization; Butter market; Agricultural and Food Policy; Risk and Uncertainty; C5; D4; Q11.. |
| Ano: 2012 |
URL: http://purl.umn.edu/122528 |
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| Cramton, Peter; Kerr, Suzi. |
| An auction of carbon permits is the best way to achieve carbon caps set by international negotiation to limit global climate change. To minimize administrative costs, permits would be required at the level of oil refineries, natural gas pipe lines, liquid sellers, and coal processing plants. To maximize liquidity in secondary markets, permits would be fully tradable and bankable. The government would conduct quarterly auctions. A standard ascending-clock auction in which price is gradually raised until there is no excess demand would provide reliable price discovery. An auction is preferred to grandfathering (giving polluters permits in proportion to past pollution), because it allows reduced tax distortions, provides more flexibility in distribution of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Greenhouse; Climate change; Carbon trading; Auction; Ascending-clock; Tradable permits; Environmental Economics and Policy; Q3; D4. |
| Ano: 1998 |
URL: http://purl.umn.edu/10668 |
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| Brennan, Timothy J.; Palmer, Karen L.; Martinez, Salvador A.. |
| Electricity is one of the last U.S. industries in which competition is replacing regulation. We briefly review the technology for producing and delivering power, the history of electricity policy, and recent state and international experience. We then outline the major questions facing policymakers as they decide whether, when, and how to implement restructuring. We conclude with some thoughts on the California electricity crisis and other political controversies. Although the California experience has come to define what it means for electricity markets to fail, most of the problems it raised are among those we know how to solve or prevent. The still unresolved make-or-break issue remains whether the cooperation necessary to maintain reliability is... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Electricity restructuring; Regulation; Deregulation; Public Economics; L51; L94; D4. |
| Ano: 2001 |
URL: http://purl.umn.edu/10508 |
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| Miljkovic, Dragan. |
| This study addresses the issues of market integration in railroad industry analyzing the export-bound grain transportation. A spatial analysis involving four origin states (Illinois, Iowa, Minnesota and Nebraska) and two destinations (Mexican Gulf and Pacific Northwest) is conducted in order to determine if pricing practices by the same or different railroads in different regions are consistent. A system of structural equations is estimated and dynamic regression tests are conducted because of the dynamic nature of interregional trade and arbitrage activities. The results indicate that grain transportation market by rail is not perfectly integrated. This is primarily due to numerous mergers and combining of railroads that took place during the last twenty... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Grain transportation; Market integration; Railroad industry; International Relations/Trade; D4; L1; L9. |
| Ano: 1999 |
URL: http://purl.umn.edu/29236 |
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| Nzuma, Jonathan M.. |
| In the recent past, the concentration of seed maize processing and marketing in Kenya has raised serious public concerns. The inability of this industry to ensure affordable prices of certified seed maize for the farming community has led policy makers to question its market behaviour. In spite of these concerns, the performance of agricultural markets in Kenya has received little attention. This study evaluates the market conduct of the industry using the New Empirical Institutional Organization framework and tests the hypothesis of price taking behaviour. A system of five equations was used to estimate conjectural variations elasticity while a Lerner index was constructed to measure market power using data from Kenya's Central Bureau of Statistics. The... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Seed Maize; Market power; Lerner index; Oligopoly; Crop Production/Industries; Industrial Organization; D4; L66. |
| Ano: 2006 |
URL: http://purl.umn.edu/25591 |
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| Good, Darrel L.; Irwin, Scott H.; Jackson, Thomas E.. |
| The purpose of this research report is to identify the appropriate market benchmark price to use to evaluate the pricing performance of market advisory services that are included in the annual AgMAS pricing performance evaluations. Five desirable properties of market benchmark prices are identified. Three potential specifications of the market benchmark price are considered: the average price received by Illinois farmers, the harvest cash price, and the average cash price over a two-year crop marketing window. The average cash price meets all of the desired properties, except that it would not be easily implementable by producers. It can be shown, though, that the price realized via a more manageable strategy of "spreading" sales during the marketing... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Advisory services; Evaluating the pricing performance; Market benchmark price; C8; C0; D4; D8; L1; M3; Q0; Z0; Marketing. |
| Ano: 1998 |
URL: http://purl.umn.edu/14783 |
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| Registros recuperados: 45 | |
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