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| Registros recuperados: 30 | |
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| Bastian, Christopher T.; Nagler, Amy M.; Menkhaus, Dale J.; Ehmke, Mariah D.; Whitaker, James B.; Young, C. Edwin. |
| We use laboratory market experiments to assess the impact of asymmetric knowledge of a per-unit subsidy and the effect of a decoupled annual income subsidy on factor market outcomes. Results indicate that when the subsidy is tied to the factor as a per-unit subsidy, regardless of full or asymmetric knowledge for market participants, subsidized factor buyers distribute nearly 22 percent of the subsidy to factor sellers. When the subsidy is fully decoupled from the factor, as is the case with the annual payment, payment incidence is mitigated and prices are not statistically different from the no-policy treatment. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Laboratory market experiments; Agricultural subsidies; Subsidy incidence; Land market; Ex ante policy analysis; Agricultural and Food Policy; Institutional and Behavioral Economics; Q18; D03; C92. |
| Ano: 2011 |
URL: http://purl.umn.edu/104108 |
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| Miller, Ashley D.; Bastian, Christopher T.; McLeod, Donald M.; Keske, Catherine M.; Hoag, Dana L.. |
| Open space provides a range of benefits to many people of a community, beyond the benefits that accrue to private landowners. Parks and natural areas can be used for recreation; wetlands and forests supply storm-water drainage and wildlife habitat; farms and forests provide aesthetic benefits to surrounding residents. Moreover, undeveloped land can give relief from congestion. Agricultural lands are an important source of open space, but many of these lands are under great development pressure. One tool that is currently being used to aid in the preservation of open space by landowners is conservation easements. The rate of land protection by state and local land trusts has tripled since the beginning of the decade, and the West is the fastest growing... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2008 |
URL: http://purl.umn.edu/6724 |
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| Menkhaus, Dale J.; Bastian, Christopher T.; Phillips, Owen R.; O'Neill, Patrick D.. |
| Laboratory methods are used to investigate the impacts of supply and demand risks in a forward market on prices, quantities traded, and earnings when the choice of transacting in a forward or spot market is endogenous. Forward market activity dominates spot trading, with 80-90% of the trades taking place in the forward market regardless of how risk arises. Buyer earnings tend to be higher than earnings for sellers when there is risk. A correspondence exists between risk type and the relative increase in buyer earnings. Buyer earnings increase significantly when demand is random, and also when both supply and demand are random. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1999 |
URL: http://purl.umn.edu/30793 |
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| Ehmke, Mariah D.; Nagler, Amy M.; Menkhaus, Dale J.; Bastian, Christopher T.; Young, C. Edwin. |
| The objective of this research is to measure individuals’ fairness expectations and relate them to their market behavior in a private-negotiation institution. By doing this, we may inform model parameterization of field data and increase understanding of payment incidence causation. We hypothesize agents will change both their market and UG behavior when the tenant/proposer receives a subsidy following a successful negotiation. We also hypothesize that agents’ market behavior does relate to their fairness expectations in the UG. Two economic experiments were developed to test our hypotheses, a market and an ultimatum bargaining game experiment. We recruited 106 undergraduate students and conducted the experiments in an experimental laboratory using a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/61645 |
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| Ritten, John P.; Bastian, Christopher T.; Paisley, Steven I.; Smith, Michael A.. |
| Variable precipitation, more importantly drought, impacts profitability for livestock management. Financial outcomes from management decisions related to forage shortages can be exacerbated by price variability. This research examines alternative management strategies to determine the potential profitability and riskiness over a long-term horizon and across various drought event scenarios. Results indicate that late calving can be a promising strategy, but it also can result in higher variability in profits as compared to some of the other strategies analyzed. Retaining ownership of steer calves over the winter, with the option to sell if forage supplies become scarce, outperforms both partial liquidation and summer feeding, and it results in less profit... |
| Tipo: Journal Article |
Palavras-chave: Production Economics; Productivity Analysis. |
| Ano: 2010 |
URL: http://purl.umn.edu/96421 |
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| Menkhaus, Dale J.; Phillips, Owen R.; Bastian, Christopher T.; Gittings, Lance B.. |
| This laboratory study investigates the extent to which matching and inventory loss risks contribute to market power in private negotiation trading. Asymmetry in the number of buyers and sellers increases matching risk when exchange is bilateral. The risk of inventory loss can occur from advance production and is common in markets for perishable products. In a buyer concentrated market with bilateral trading, prices are about 23% below the predicted competitive level and close to the monopsony price. These lower prices are the result of tacit coordination enjoyed by buyers resulting from matching and inventory loss risks faced by sellers. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2004 |
URL: http://purl.umn.edu/20212 |
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| Yakunina, Alla V.; Esipov, Victor E.; Menkhaus, Dale J.; Bastian, Christopher T.. |
| The evolution of vertical coordination systems and pricing mechanisms in the Russian food system are summarized. The activities in the stages of the food vertical chain during the command economy period were coordinated administratively similar to an integrated firm. Coordination in the food chain has evolved from mostly vertical expansion through quasi integration to mostly vertical mergers, as the Russian economy has started to move toward a more market oriented system. The unique characteristics of the exchange system and the structural nature of agriculture in the potential importing country are important considerations to take into account by exporting agribusiness firms. |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization. |
| Ano: 1998 |
URL: http://purl.umn.edu/34505 |
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| Registros recuperados: 30 | |
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