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A Bayesian Examination of Anchoring Bias and Cheap Talks in Constructed Markets AgEcon
Aadland, David; Caplan, Arthur J..
We present a theoretical framework for understanding the relationship between anchoring bias, hypothetical bias, and cheap talk in constructed markets. In our theory, interviewers provide agents with signals such as cheap talk and bid values while eliciting the value for nonmarket goods. In response to these signals, agents revise their prior distributions over the value of the good. Previous empirical studies have failed to account for the interaction between cheap talk and anchoring during this updating process, leading researchers to incorrectly assess the effects of cheap talk in reducing hypothetical bias. In particular, we predict that cheap talk will appear to be more effective for relatively large bids. We test our theory in an experimental...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2005 URL: http://purl.umn.edu/19568
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Supply Chain Response to Institutional Markets’ Demand for Healthy and Sustainable Food Options AgEcon
Abate-Kassa, Getachew.
Institutional food buyers in the U.S. are increasingly demanding food products that are safe, traceable, healthier, local/regional, or sustainably produced and supplied. These markets consist of schools, universities, hospitals, charities, correction facilities, clubs and other similar organizations that buy goods and services to meet demands of their end-customers (students, patients, prisoners, etc.). These institutions comprise a large portion of the U.S. population. In 2008, the total number of children and adults enrolled in schools throughout the country - from nursery school to college - was estimated at 75.5 million (i.e., 18.7 million in colleges and 56.8 million in schools). This amounts to more than one-fourth of the U.S. population age three...
Tipo: Presentation Palavras-chave: Agribusiness; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Marketing; Production Economics.
Ano: 2011 URL: http://purl.umn.edu/122018
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E-COMMERCE AND INTERNET USE IN SMALL BUSINESSES: TRENDS AND ISSUES AgEcon
Abate-Kassa, Getachew; Moser, Colletta H..
This paper is part of a series of reports of the activities conducted under a grant from the Fund for Rural America, U.S. Department of Agriculture. Funds for the grant entitled "Enhancing Rural Economies Through Comprehensive Extension, Research & Partnering Approaches Using Multi-County Clusters in Michigan With Application to National Rural Settings" were received by Michigan State University's Department of Agricultural Economics in March, 1998. The major goal of the grant is to increase economic development activity in four clusters of rural counties in Michigan through the utilization of the resources of the Michigan State University Extension Service, Michigan Agricultural Experiment Station, and other resources of Michigan State University....
Tipo: Working or Discussion Paper Palavras-chave: Agribusiness; Marketing.
Ano: 2003 URL: http://purl.umn.edu/11722
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The Benefits of a Rules-Based Maize Marketing Policy: Results of an Experimental Study of Zambia AgEcon
Abbink, Klaus; Jayne, Thomas S.; Moller, Lars C..
• Strategic interaction between market players affects the performance of grain markets and the risk of food crises. Strategic dilemmas can arise if traders don’t trust government announcements on future maize purchases or if the government does not trust stock estimates provided by the private sector. • Government “pre-commitment” (announcing in advance how and when it will operate in the market and then behaving in a consistent manner) is found to produce superior welfare outcomes to “discretionary intervention” whereby the government operates in an unpredictable and ad hoc manner in markets. Situations of food shortage and over-supply were much more frequent under a discretionary policy environment because of the risk of poor coordination between the...
Tipo: Report Palavras-chave: Food security; Food policy; Zambia; Maize; Marketing; Crop Production/Industries; Q20.
Ano: 2007 URL: http://purl.umn.edu/54636
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THE MARKETING STRUCTURE AND PERFORMANCE OF THE OLIVE OIL INDUSTRY IN TUNISIA AgEcon
Abdelkafi, Belhassen.
In terms of value added, olive oil is one of the most important agricultural commodities in Tunisia. It is also the most important agricultural export commodity. Tunisia ranks second to Spain in world olive oil exports. Currently these exports account for about 20 percent of total export earnings of Tunisia. This is equivalent to about 40 percent of total agricultural export earnings. Tunisia is by far the largest olive oil producing country in North Africa and the Middle East and ranks sixth among the world's producers of olive oil. Considering the adaptability of the olive tree to the climate and soil conditions of Tunisia, olive culture is expected to maintain its importance in Tunisian agriculture. However, the economic benefits which could be...
Tipo: Thesis or Dissertation Palavras-chave: Crop Production/Industries; Marketing.
Ano: 1977 URL: http://purl.umn.edu/11216
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NEW TECHNOLOGIES, MARKETING STRATEGIES AND PUBLIC POLICY FOR TRADITIONAL FOOD CROPS: MILLET IN NIGER AgEcon
Abdoulaye, Tahirou; Sanders, John H..
New technology introduction in this semiarid region of the Sahel is hypothesized to be made more difficult by three price problems in the region. First, staple prices collapse annually at harvest. Secondly, there is a between year price collapse in good and very good years due to the inelastic demand for the principal staple, millet, and the large changes in supply from weather and other stochastic factors. Thirdly, government and NGOs intervene in adverse rainfall years to drive down the price increases. Marketing strategies were proposed for the first two price problems and a public policy change for the third. To analyze this question at the firm level a farm programming model was constructed. Based upon surveying in four countries, including Niger,...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural and Food Policy; Marketing.
Ano: 2005 URL: http://purl.umn.edu/28670
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IMPROVING MARKETING STRATEGIES TO ACCELERATE TECHNOLOGICAL CHANGE FOR THE BASIC CEREAL: THE NIGER CASE AgEcon
Abdoulaye, Tahirou; Sanders, John H..
In Niger as in most of semiarid Sub-Saharan Africa the fallow system has become a historic event as a result of increasing population pressure and has not yet been replaced with increased input use due to low product prices. As a result nutrient mining is becoming prevalent and cereals yields declining. So it is necessary to develop marketing and other strategies to increase farmers' incomes from the use of increased inputs for soil fertility especially inorganic fertilizers. In the farm model, two goals (subsistence food storage and harvest income) are first achieved, before maximizing income, in a linear programming framework with various states of nature. This is an alternative way of handling risk based on farmer's actual observed behavior. Hence this...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2003 URL: http://purl.umn.edu/22207
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AGRICULTURAL PRODUCE MARKETING AND GENDER EMPOWERMENT: A CASE OF WOMEN’S CROSS BORDER TRADE IN NORTHERN NIGERIA AgEcon
Abdulsalam-Saghir, P.B.; Akinola, M.O.; Abdulsalam, S.A..
The study examined agricultural produce marketing in relation to gender empowerment in cross border along Nigeria-Niger border with the aim of identifying the socio-economic characteristics of the respondents, identifying characteristics of respondents’ cross border trade and the constraints faced by the respondents. One hundred respondents were selected with the use of systematic random technique. Primary data were collected from the respondents with the aid of interview guide structured in form of questionnaire and focus group discussion with other stakeholders like custom officials, as well as agriculture quarantine officers was performed. Univariate analysis like percentages, tables and pie charts and 3 point Likert scale were used to achieve the...
Tipo: Report Palavras-chave: Produce marketing; Gender empowerment; Cross border trader; Northern Nigeria; Labor and Human Capital; Marketing.
Ano: 2006 URL: http://purl.umn.edu/54401
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WORLD MARKET CONDITIONS FOR GRAINS: PROSPECTS AND PROBLEMS WITH SPECIAL REFERENCE TO THE DEVELOPING COUNTRIES AgEcon
Abel, Martin E..
Tipo: Working or Discussion Paper Palavras-chave: Marketing.
Ano: 1976 URL: http://purl.umn.edu/13653
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Development and Dissemination of Improved Cassava Varieties in Uganda: Analysis of Adoption Rates, Variety Attributes and Speed of Adoption AgEcon
Abele, Steffen; Twine, Edgar; Ntawuruhunga, Pheneas; Baguma, Yonah; Kanobe, Charles; Bua, Anthony.
The transition out of extreme poverty and hunger in agrarian economies requires an understanding of how new agricultural technologies are adopted by poor farmers. In Uganda, improved germplasm from the cassava breeding program has generated new varieties that are increasingly being grown by farmers. Although considerable success has been achieved in adoption of these varieties in general, there is increasing pressure on breeding and technology dissemination programs to improve the targeting of their efforts. This paper identifies the specific cassava varieties adopted thus far and their desirable and undesirable attributes. In addition, it determines the adoption rates of these varieties and the factors that have influenced the speed of adoption of the...
Tipo: Conference Paper or Presentation Palavras-chave: Uganda; Cassava; Breeding; Adoption; Variety Attributes; Agricultural and Food Policy; Community/Rural/Urban Development; Crop Production/Industries; Demand and Price Analysis; Farm Management; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Land Economics/Use; Marketing; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies.
Ano: 2008 URL: http://purl.umn.edu/52198
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Relationship between Social Capital and Livelihood Enhancing Capitals among Smallholder Farmers in Uganda AgEcon
Abenakyo, Annet; Sanginga, Pascal; Njuki, Jemimah M.; Kaaria, Susan; Delve, Robert J..
Social capital is an important characteristic of a community and is one of the components of the asset pentagon of the sustainable livelihood framework. The study aimed at assessing the levels and dimensions of social capital and how social capital influences other livelihood capitals. A Cross-sectional survey of a random sample of 208 households was conducted in Masindi and Hoima Districts in Uganda to assess the current livelihood conditions and strategies for improving rural livelihoods. An Index of social capital was generated using density of group membership and three levels of social capital where generated i.e. high, medium and low. Two dimensions of social capital (bonding and bridging) were considered. Results showed that households with high...
Tipo: Conference Paper or Presentation Palavras-chave: Relationship; Social Capital; Livelihood Capitals; Smallholder Farmers; Agricultural Finance; Consumer/Household Economics; Environmental Economics and Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; Labor and Human Capital; Marketing; Production Economics; Research and Development/Tech Change/Emerging Technologies.
Ano: 2008 URL: http://purl.umn.edu/52191
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La necessite d'un systeme statistique integre pour l'evaluation des resultats economiques de la peche maritime. ArchiMer
Abgrall, J; Congar, R.
This study highlights the economic interrelations among all boats, focusing on two particular cases, on the one hand the French Channel trawler fleet (1978 to 1980), the Quebec trawler fleet (1974 to 1982) on the other. The present results show the extent of changes in vessel profit or loss productivity and the sacrifice owners and crew have to make in order to survive. Results also show the disparities of situations between the different sorts of vessels within a common bioeconomic environment.
Tipo: Text Palavras-chave: Quebec; Canada; ANW; Marketing; Fishery statistics; Economic analysis; Fishery economics.
Ano: 1984 URL: http://archimer.ifremer.fr/doc/1984/publication-1801.pdf
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U.S. Consumers’ Valuation of Quality Attributes in Beef Products AgEcon
Abidoye, Babatunde O.; Bulut, Harun; Lawrence, John D.; Mennecke, Brian; Townsend, Anthony M..
A sample of U.S. consumers were surveyed in a choice based experiment in the Fall of 2005 and Spring 2006 to elicit consumers’ preferences for quality attributes in beef products. Based on the resulting data, a random coefficients logit model is estimated, and consumers’ willingness to pay for these quality attributes in beef products is obtained. The results indicate that consumers have strong valuation for traceability, grass-fed, and U.S. origin attributes in a standard rib-eye steak and are willing to pay a premium for these attributes.
Tipo: Journal Article Palavras-chave: Choice experiment; Conjoint analysis; Quality attributes; Random parameters; Consumer/Household Economics; Marketing; Q10; Q1.
Ano: 2011 URL: http://purl.umn.edu/100645
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A Limited Information Bayesian Forecasting Model of the Cattle SubSector AgEcon
Abidoye, Babatunde O.; Lawrence, John D..
The first step towards forecasting the price and output of the cattle industry is understanding the dynamics of the livestock production process. This study follows up on the Weimar and Stillman (1990) paper by using data from 1970 to 2005 to estimate the parameters that characterizes the cattle output supply. The model is then used to estimate forecast values for the periods 2006 and 2007. Bayesian limited information likelihood method is used to estimate the parameters when endogeneity exists between these variables. The forecasting ability of the model for a two-step ahead forecast for majority of the variables are relatively good and test statistic of the forecast are reported.
Tipo: Conference Paper or Presentation Palavras-chave: Cattle; Bayesian; Forecasting; Inventory; Slaughter; Agribusiness; Agricultural Finance; Financial Economics; Livestock Production/Industries; Marketing; Production Economics; Research Methods/ Statistical Methods.
Ano: 2009 URL: http://purl.umn.edu/53051
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Distribution of economic benefits from the fisheries of Lake Victoria OceanDocs
Abila, R.O.; Odongkara, K.O.; Onyango, P.O..
The Lake Victoria fishery contributes immensely to the socio-economic development of the riparian states. The East African Community has designated the lake basin as an ‘economic growth zone’, with the potential to develop into a major economic region. The fisheries are vital in creating employment opportunities, mostly rural-based, thereby helping to reduce rural-urban migration. Fish is also a rich source of animal protein for human consumption and provides raw material (fishmeal) for processing animal feeds. The fish industry contributes to GDP and has continued to be an important source of foreign exchange earned from fish exports. Besides, the fish industry contributes to the national and local government revenues through levying of various taxes,...
Tipo: Proceedings Paper Palavras-chave: Fishery economics; Fishery management; Fishery policy; Marketing; Resource management; Socioeconomic aspects; Economic benefits; Trade; Riparian zone; Economic analysis; International policy; Exploitation; Resource development; Freshwater fish; Inland fisheries; Inland water environment; Lake fisheries; Lake fisheries; Fishery management; Marketing; Economic analysis; Resource development; Resource management; Trade; Inland fisheries; Inland water environment; Http://aims.fao.org/aos/agrovoc/c_4159; Http://aims.fao.org/aos/agrovoc/c_24026; Http://aims.fao.org/aos/agrovoc/c_4620; Http://aims.fao.org/aos/agrovoc/c_2469; Http://aims.fao.org/aos/agrovoc/c_28018; Http://aims.fao.org/aos/agrovoc/c_6524; Http://aims.fao.org/aos/agrovoc/c_7848; Http://aims.fao.org/aos/agrovoc/c_3873; Http://aims.fao.org/aos/agrovoc/c_3875.
Ano: 2006 URL: http://hdl.handle.net/1834/2128
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MARKET POWER AND ASYMMETRY IN FARM-RETAIL PRICE TRANSMISSION AgEcon
Acharya, Ram N..
A finite mixture model is used to examine whether price asymmetries exist in U.S. fresh strawberry markets. Two distinct pricing regimes are identified. Results show that price asymmetries exist only at 34 percent of the cases and market power has played an important role in generating such asymmetric price relationships.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2000 URL: http://purl.umn.edu/21768
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EXAMINING THE CRB INDEX AS AN INDICATOR FOR U.S. INFLATION AgEcon
Acharya, Ram N.; Gentle, Paul F.; Mishra, Ashok K.; Paudel, Krishna P..
This paper analyzes historical movements in the commodity futures market and the relationship to inflation. Specifically, the relationship between the Commodity Research Bureau (CRB) Index and United States inflation is investigated. It is said that the relationship between the CRB index and the U.S. inflation rate was greater in the some periods than in another period. Then in recent times the CRB Index has proven to be a reliable early indicator of inflation. As the composition of the United States economy changes, the Commodity Research Bureau must make adjustments in order to provide a viable service.
Tipo: Conference Paper or Presentation Palavras-chave: CRB index; Commodities Research Bureau; Inflation; Vector Autoregression; Marketing; Public Economics; E00; E30.
Ano: 2008 URL: http://purl.umn.edu/6760
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Estimating Threshold Effects of Generic Fluid Milk and Cheese Advertising AgEcon
Adachi, Kenji; Liu, Donald J..
Replaced with revised version of paper 08/01/06.
Tipo: Working or Discussion Paper Palavras-chave: Livestock Production/Industries; Marketing.
Ano: 2006 URL: http://purl.umn.edu/13754
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Estimating Threshold Effects of Generic Fluid Milk and Cheese Advertising AgEcon
Adachi, Kenji; Liu, Donald J..
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2006 URL: http://purl.umn.edu/21333
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Estimating Threshold Effects of Generic Fluid Milk and Cheese Advertising AgEcon
Adachi, Kenji; Liu, Donald J..
The purpose of this paper is to investigate the threshold effect of the U.S. generic fluid milk and cheese advertising programs. A threshold delineates the level of advertising intensity that has to be met to generate a specific level of sales effect. Given that promotional organizations face budget constraints, it is of particular interest to ascertain if there exists a minimum threshold that an advertising campaign has to overcome to yield a non-trivial sales effect. To the best of our knowledge, there is no study focusing on the threshold effects of generic advertising of agricultural products. The estimation results confirm that, for both fluid milk and cheese advertisings, there exist three thresholds which partition the quarterly observations between...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries; Marketing.
Ano: 2006 URL: http://purl.umn.edu/6628
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