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Registros recuperados: 63
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Information on sellers and buyers characteristics: added value to explain price formation at primary fish markets in managed French scallop fisheries ArchiMer
Lesur-irichabeau, Gabrielle; Guyader, Olivier; Fresard, Marjolaine; Leroy, C.; Latouche, K.; Le Grel, L..
The aim of this article is to explore, through a hedonic approach, the factors that might explain the price variability for the French-managed fishery of scallop at primary fish markets. In addition to factors classically identified in the current literature like intrinsic product characteristics or markets situation, the characteristics of operators are tested. The relationships of loyalty between sellers and buyers, and market assiduity are notably considered.
Tipo: Text Palavras-chave: Buyer and seller characteristics; Fisheries management; Hedonic price; Market behaviour; Market structure; Scallop; Q21; Q22; Q28; C10; L11.
Ano: 2016 URL: http://archimer.ifremer.fr/doc/00301/41252/40442.pdf
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DIFFERENTIATION AND SYNERGIES IN RURAL TOURISM: EVIDENCE FROM ISRAEL AgEcon
Tchetchik, Anat; Fleischer, Aliza; Finkelshtain, Israel.
This paper applies a discrete-choice framework with product differentiation to model the rural tourism industry in Israel and to jointly estimate the effect of lodging and farm characteristics on consumer preferences and firms' costs. The model accounts for heterogeneity in tastes and technologies and allows for unobservable product characteristics. We find evidence for technological synergy in joint production of farming and rural hospitality, but none in the demand. The differentiation in the industry is vast and is the major contributor to the price-cost margin, which averages 62%. An additional minor cause are government regulations, which restrict supply. Simulation results demonstrate the growth potential of the industry and show that the government...
Tipo: Working or Discussion Paper Palavras-chave: Rural tourism; Differentiated goods; Oligopoly markup; Community/Rural/Urban Development; Q10; L11; L83.
Ano: 2006 URL: http://purl.umn.edu/7178
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A Network Model of Price Dispersion AgEcon
Pasini, Giacomo; Pin, Paolo; Weidenholzer, Simon.
We analyze a model of price competition a la Bertrand in a network environment. Firms only have a limited information on the structure of network: they know the number of potential customers they can attract and the degree distribution of customers. This incomplete information framework stimulates the use of Bayesian-Nash equilibrium. We find that, if there are customers only linked to one firm, but not all of them are, then an equilibrium in randomized strategies fails to exist. Instead, we find a symmetric equilibrium in randomized strategies. Finally, we test our results on US gasoline data. We find empirical evidence consistent with firms playing random strategies.
Tipo: Working or Discussion Paper Palavras-chave: Bertrand Competition; Bayesian- Nash Equilibrium; Mobility Index; Demand and Price Analysis; D43; D85; L11.
Ano: 2008 URL: http://purl.umn.edu/6230
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DER TÜRKISCHE TOMATENSEKTOR – REGIONALE GESICHTSPUNKTE UND RÄUMLICHE MARKTINTEGRATION AgEcon
Weitzel, Enno-Burghard; Keskin, Gulsen; Brosig, Stephan.
Tomatoes have the largest share among fruits and vegetables, which add substantially to the gross agricultural product in Turkey. We describe the structure and development of this sector from the year 1990 onwards, covering farms in primal production, trade facilities, processing firms, and marketing channels. An analysis of retail prices for table tomatoes in 22 provinces and their dynamics follows. Finally we employ a threshold vector error-correction model to analyse integration among the markets for table tomatoes in the presence of transaction costs. The results show a ring of integrated provinces along the coasts of Turkey, while the interior provinces are rather separated. In some cases price transmission only occurs when deviations from an...
Tipo: Working or Discussion Paper Palavras-chave: Gemüse; Tomaten; Türkei; Marktintegration; Fehlerkorrekturmodell; Tomatoes; Turkey; Spatial market integration.; Agribusiness; Community/Rural/Urban Development; Farm Management; Land Economics/Use; Marketing; Production Economics; Productivity Analysis; Q11; Q13; C22; L11.
Ano: 2008 URL: http://purl.umn.edu/91910
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Location of Production and Consolidation in the Processing Industry: The Case of Poultry AgEcon
Goodwin, Harold L., Jr..
The poultry industry is the most vertically integrated of U.S. agriculture and food production and is rapidly progressing toward being one of the most concentrated. In 2002, the top 15 broiler states accounted for 94.4% of U.S. production. From 1982-2002, the top four broiler firms had a fivefold increase in Ready-to-Cook (R-T-C) pounds, a tripling of plants and four-and eight-firm concentration ratio increases of 27.9% to 48.2% and 44.1% to 66.6%. In a broad sense, chicken became more affordable, appealing, and available; total R-T-C pounds increased from 234 to 663 million pounds between 1982 and 2002.
Tipo: Journal Article Palavras-chave: Broilers; Concentration; Poultry pricing; Poultry production; Vertical integration; L11; L22; M11; Q13; R30.
Ano: 2005 URL: http://purl.umn.edu/43510
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Collective Reputation, Entry and Minimum Quality Standard AgEcon
Rouviere, Elodie; Soubeyran, Raphael.
This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality standard. Second, we argue that a minimum quality standard can induce firms to enter the market. Contrary to conventional wisdom, a minimum quality standard should not always be considered as a barrier to entry.
Tipo: Working or Discussion Paper Palavras-chave: Collective Reputation; Entry; Minimum Quality Standard; Industrial Organization; L11; H41; I18; Q18.
Ano: 2008 URL: http://purl.umn.edu/6325
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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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Informality, Size, and Regulation: Theory and an Application to Egypt AgEcon
Giugale, Marcelo M.; El-Diwany, Sherif.
The paper shows how, when the enforceability of regulations is size-sensitive, price competition can lock firms into informality and, thus, smallness, depending on the form of the production function. In that context, exogenours "help"packages targeted to informal firms "promote" micro and small enterprises (i.e., increase their numbers) but do not "develop" them (i.e., foster their growth). The "help" only generates a short-term span of abnormal profits for existing informal firms, and a long-term income transfer toward informal-market consumers. The model is tested in the context of Egypt's micro and small enterprise sector.
Tipo: Working or Discussion Paper Palavras-chave: Informality; Size Regulation; Egypt; Hide-Outs; Agricultural and Food Policy; O17; L11; L51.
Ano: 1997 URL: http://purl.umn.edu/18542
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Positional Advantage within Small Farms: Evidence from Illinois AgEcon
Micheels, Eric T.; Gow, Hamish R..
As the economic viability of small farms continues to be an issue facing policy makers and economists alike, a market orientation may be a valuable resource producers can develop as they compete in a marketplace dominated by larger firms. Marketing and strategy scholars have long established the importance of a market orientation in determining firm performance. More recently, scholars have studied the effect of these concepts in agriculture. Extending the literature of market orientation in agriculture, this study examines the concept of a positional advantage and its effect on performance using a sample of small farms in Illinois. Using a sample of 347 Illinois beef producers, we empirically measure and test the construct of positional advantage and test...
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Innovation; Market orientation; Positional advantage; Farm Management; Production Economics; L11; L25; L26.
Ano: 2009 URL: http://purl.umn.edu/52810
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Trade Costs and International Strategy of Firms: the Role of Endogenous Product Differentiation AgEcon
Blanchard, Pierre; Gaigne, Carl; Mathieu, Claude.
We study the impact of trade liberalization on the international strategy of firms (to export and/or invest abroad as well as the number of varieties to be produced) when product differentiation is endogenous. By considering product differentiation as a strategic variable, our analysis sheds new light on the impact of trade barriers on the decision to produce abroad and on the choice of product range, in accordance with recent empirical evidence. We show, even though technology exhibits the same productivity for each variety, firms drop some of varieties with trade integration. In addition, our results reveal that, contrary to the standard theoretical literature, the relationship between the decision to export and trade costs is non-linear. When trade...
Tipo: Working Paper Palavras-chave: Foreign direct investment; Exports; Multi-product competition; Endogenuos differentiation product; Trade integration; International Relations/Trade; F12; F23; L11; L25.
Ano: 2012 URL: http://purl.umn.edu/121117
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Combined Effects of Load Factors and Booking Time on Fares: Insights from the Yield Management of a Low-Cost Airline AgEcon
Alderighi, Marco; Nicolini, Marcella; Piga, Claudio A..
Based on two strands of theoretical research, this paper provides new evidence on how fares are jointly affected by in-flight seat availability and purchasing date. As capacity-driven theories predict, it emerges that fares monotonically and substantially increase with the flights occupancy rate. Moreover, as suggested in the literature on intertemporal price discrimination, the adoption of advance purchase discounts is widespread as the departure date nears, but it may be part of a U-shaped temporal profile, where discounts are preceded by periods of relatively higher fares. Finally, the intervention of yield management analysts appears to play a substantial role.
Tipo: Working Paper Palavras-chave: Pricing policy; Panel Data; Ryanair; Yield Management; Demand and Price Analysis; D22; L11; L93.
Ano: 2012 URL: http://purl.umn.edu/122020
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China’s Electricity Market Reform and Power Plants Efficiency AgEcon
Ma, Chunbo; Zhao, Xiaoli; Ma, Qian; Zhao, Yue.
In the past three decades, Chinese electricity industry has experienced a series of regulatory reforms serving different purposes at different stages. In 2002, the former vertically integrated electricity utility - the State Power Corporation (SPC) – was divested and the generation sector was separated from the transmission and distribution networks in an effort to improve production efficiency. In this paper we study the impact of the reform on efficiency of fossil-fired power plants using plant-level data during 2000-2008. Our results from the data envelopment analysis (DEA) and panel regressions show that: 1) the total factor productivity (TFP) growth mainly comes from technological change; 2) the technical efficiency of previously SPC-managed power...
Tipo: Working or Discussion Paper Palavras-chave: Efficiency; DEA; Malmquist Index; China; Electricity; Industrial Organization; Productivity Analysis; Resource /Energy Economics and Policy; D24; L11; L51; L94; L98.
Ano: 2011 URL: http://purl.umn.edu/117811
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Producer's choice of certification AgEcon
Langinier, Corinne; Babcock, Bruce A..
Consumers are in general less informed than producers about the quality of agricultural goods. To reduce the information gap, consumers can rely on standards (labels, certifications, geographic indications) that insure quality and origin of the goods. However, these standards do not always fully reveal information. Some of them may just signal that the good is more likely to be of high quality. We investigate what kind of standards are most desirable for producers, and for society in general knowing that any system is costly to implement. One of our findings is that for intermediate values of certification costs, certification that fully reveals information makes high quality producers better off, but make the entire industry worse off. In this case, the...
Tipo: Conference Paper or Presentation Palavras-chave: Asymmetric information; Certification; Clubs; Quality.; Consumer/Household Economics; L11; L15; D82; D71.
Ano: 2005 URL: http://purl.umn.edu/19510
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Sind die Pachten im Osten zu niedrig oder im Westen zu hoch? AgEcon
Margarian, Anne.
Zusammenfassung: Die Pachtpreise für Land in den neuen Bundesländern Deutschlands liegen deutlich unter denen im früheren Bundesgebiet. Im vorliegenden Bericht wird diskutiert, in wie weit das durch Skaleneffekte, die Marktmacht großer Betriebe, staatliche Regulationen der Pachtmärkte im Osten und/oder einen verzögerten Agrarstrukturwandel im Westen erklärt werden kann. Das Schätzmodell auf Landkreisebene zeigt einen nicht-linearen Zusammenhang zwischen den Erklärungsgrößen und den Pachtpreisen. Darüber hinaus spielt im Osten die Betriebsstruktur in der Erklärung der Pachtpreise eine untergeordnete Rolle, während die relative Immobilität der Betriebe im Westen zumindest teilweise die "zu hohen" Pachtpreise dort erklärt....
Tipo: Report Palavras-chave: Bodenmarkt; Agrarstrukturwandel; Marktmacht; Land market; Structural change; Market power; Demand and Price Analysis; Farm Management; Land Economics/Use; Q15; Q31; L11; D43; D51.
Ano: 2008 URL: http://purl.umn.edu/104609
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Export, Assembly-line FDI or FDI with the Possibility of Technology Diffusion: Optimal Entry Mode for Multinationals AgEcon
Banerjee (Chatterjee), Tanmoyee; Mitra, Nilanjana.
The paper tries to evaluate the optimal entry mode of a Multinational Company that is choosing among export, fragmented production structure with assembly-line FDI in LDC or complete production in LDC with FDI. The results show that if the plant installation cost is sufficiently high then the firm will find it profitable to export the finished product to the LDC market and the Government will not exercise any IPR restriction. If plant installation cost is below a certain critical level the MNC chooses complete LDC production with FDI over assembly-line FDI if the IPR restriction is strong, where the model assumes that a fake producer can copy the product if complete production takes place in LDC. In such a situation government will choose to protect IPR if...
Tipo: Working or Discussion Paper Palavras-chave: Export; Assembly-line FDI; FDI with Complete Production; IPR Protection; L11; O34.
Ano: 2008 URL: http://purl.umn.edu/42145
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DER SLOWAKISCHE MARKT FUR MILCH UND MILCHPRODUKTE -- VOM BEGINN DER TRANSFORMATION BIS ZUM EU-BEITRITT AgEcon
Glitsch, Kristina; Eerits, Alena.
Like in other CEEC, transition in the beginning of the 1990s had significant consequences for the agricultural and food sectors in Slovakia. For example, Slovakian consumers reacted to the abolition of consumer subsidies by drastically reducing their consumption of milk and milk products. Concurrently, milk production declined and now stands at fifty percent of its 1989 level. Dairies were closed down while those remaining carried on producing under constantly increasing overcapacities. In the years prior to EU accession, activities in the milk sector were primarily aimed at the adoption of EU standards. Meanwhile, the Slovakian milk processing industry is predominantly in the possession of foreign investors. Present per capita consumption of milk and milk...
Tipo: Working or Discussion Paper Palavras-chave: Slovakia; Dairy industry; Milk consumption; Milk production; Milk processing; Structural change; Livestock Production/Industries; L11; L66; Q13.
Ano: 2004 URL: http://purl.umn.edu/14873
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Mixed Markets in the Food Processing Industry AgEcon
Sorensen, Ann-Christin.
The food processing industry in Western countries operates in markets that usually are highly concentrated, consisting of a few cooperatives and investor-owned firms. However, in the literature some studies questioned whether the mixed market structure is a stable equilibrium, and suggestions are made that the cooperatives eventually will crowd out all investor-owned firms. To analyse the problem, the family of models of mixed markets is generalized and analysed. It is shown that a mixed market equilibrium may occur under quite general conditions. Also, it is shown that the investor-owned firm may serve as a yardstick of production to the cooperative, helping farmers achieve an increased payoff relative to a situation with a single coop in the market.
Tipo: Conference Paper or Presentation Palavras-chave: Cooperative; Endogenous membership; Investor-owned-firm; Mixed market; Yardstick of production; Agribusiness; L11; L13; P12; P13; Q13.
Ano: 2005 URL: http://purl.umn.edu/24741
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Impeded Industrial Restructuring: The Growth Penalty AgEcon
Audretsch, David B.; Carree, M.A.; van Stel, A.J.; Thurik, A.R..
This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing the same shift in their industrial structures. Very little is known about the cost of resisting this restructuring process. The goal of this paper is to identify whether there is a cost, measured in terms of forgone growth, of an impeded restructuring process. The cost is measured by linking growth rates of OECD countries to deviations from the optimal industrial structure. The empirical evidence suggests that countries impeding the restructuring process pay a...
Tipo: Working or Discussion Paper Palavras-chave: Industry structure; Firm size distribution; Entrepreneurship; Economic growth; Industrial Organization; O11; L11.
Ano: 2000 URL: http://purl.umn.edu/26254
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Industrialization and Contracting in U.S. Agriculture AgEcon
Ahearn, Mary Clare; Korb, Penelope J.; Banker, David E..
This paper examines the industrialization process of U.S. agriculture by examining the trends in the number of farms, the concentration of production during the last decade, and the dynamics of farm survivability, entry, and exit underlying aggregate statistics. We next examine vertical coordination as part of the industrialization process and highlight contracting in the poultry industry. The analysis provides evidence that production is continuing to be concentrated on a smaller number of farms at a relatively rapid rate, in spite of the stability in the number of farms. Although contracting clearly dominates the broiler industry, it is less prevalent in egg and turkey production, where other forms of vertical coordination are likely established.
Tipo: Journal Article Palavras-chave: Broilers; Contracting; Eggs; Industrialization; Poultry; Structural change; Turkeys; Vertical integration; D23; D40; L11; L14 L22; L23; Q12.
Ano: 2005 URL: http://purl.umn.edu/43511
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Consolidation and Concentration in the U.S. Dairy Industry AgEcon
Gould, Brian W..
Tipo: Journal Article Palavras-chave: Agribusiness; Livestock Production/Industries; L11; Q13; Q18.
Ano: 2010 URL: http://purl.umn.edu/94760
Registros recuperados: 63
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