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| Registros recuperados: 42 | |
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| Giannakas, Konstantinos; Fulton, Murray E.. |
| This paper develops a sequential game theoretic model of heterogeneous producers to examine the effect of cooperative involvement on process innovation activity in the agricultural input-supplying sector. Analytical results show that the involvement of an open-membership cooperative in process innovation activity can be welfare enhancing and, thus, socially desirable. The presence of the co-op can increase the arrival rate of process innovations and productivity growth while reducing the price of agricultural inputs. The effectiveness of the co-op in innovation activity is determined by its initial market share and the size of the innovation costs. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness; Agricultural and Food Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/22193 |
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| Lamprinakis, Lampros; Fulton, Murray E.. |
| The purpose of this article is to examine the effect of cognitive dissonance in a mixed oligopoly where a local cooperative competes with an investor-owned firm (IOF) for the local market. The article explicitly incorporates individuals' beliefs regarding the quality of the two organizations as a choice variable in the utility function and individuals trade off utility from beliefs against utility resulting from their actions. The proposed model considers a case where managerial decisions or the introduction of new products forces consumers to modify their initial beliefs regarding the (superior) quality of their cooperative. Analytical results demonstrate the changes in equilibrium that result from cognitive dissonance. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics. |
| Ano: 2006 |
URL: http://purl.umn.edu/21228 |
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| Giannakas, Konstantinos; Fulton, Murray E.. |
| This paper develops a model of differentiated consumers to examine the consumption effects of genetic modification (GM) under alternative labeling regimes and segregation enforcement scenarios. Analytical results show that if consumers perceive GM products as being different than their traditional counterparts, genetic modification affects consumer welfare and, thus, consumption decisions. When the existence of market imperfections in one or more stages of the supply chain prevents the transmission of cost savings associated with the new technology to consumers, genetic modification results in welfare losses for consumers. The analysis shows that the relative welfare ranking of the “no labeling” and “mandatory labeling” regimes depends on: (i) the level of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Food Consumption/Nutrition/Food Safety; Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2000 |
URL: http://purl.umn.edu/16042 |
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| Fulton, Murray E.; Hueth, Brent. |
| The cases assembled in this special issue provide a rich setting for an examination of a number of cooperative conversion and restructurings that have occurred over the last 10 years. The cases also provide some lessons on the larger cooperative problems and questions in which cooperative researchers have been interested. The cases suggest that some of the conversions and restructurings are due to what can simply be called poor management, something that is not unique to co-ops, but is in fact common to all business enterprises regardless of their structure. At the same time, the cases also point out that common structural problems associated with cooperatives – such as lack of capital, property right problems and portfolio problems – do have an impact on... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2009 |
URL: http://purl.umn.edu/56894 |
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| Penson, John B., Jr.; Fulton, Murray E.. |
| This study examines the effects that a cutback in production by Texas agricultural producers would have on the economic well-being of all producers and consumers in the states economy. To do this, a quadratic input-output model incorporating econometric estimates of final demand was developed for the Texas economy. The output of the agricultural production sectors was constrained to reflect the cutback in production. The results show that agricultural producers would be economically worse off than before only if the producers of raw agricultural products in Texas imported their input needs from other geographical areas. |
| Tipo: Journal Article |
Palavras-chave: Community/Rural/Urban Development; Production Economics. |
| Ano: 1980 |
URL: http://purl.umn.edu/32392 |
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| Fulton, Murray E.; Giannakas, Konstantinos; Yunlai, Xiao. |
| A common occurrence in many countries is that policy outcomes differ from the official objectives of the policy directives. A good example can be found in China. In 1994, the fertilizer market in China underwent a significant change. In response to strong complaints from farmers in a number of regions about shortages and substantial price increases, the central government set the markup rate for fertilizer as it moved from fertilizer plants to farmers and granted the Agricultural Means of Production Corporations(AMPCs) a monopoly role as the supplier of fertilizer. The results of the 1994 policy reforms were not as expected. Controls on maximum retail prices failed to produce the desired effect and prices for agricultural inputs continued to increase by... |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/45701 |
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| Yiannaka, Amalia; Fulton, Murray E.. |
| Innovating firms choose to patent their innovations when patenting allows the appropriation of more rents than do other forms of intellectual property protection (e.g., trade secrecy). The level of innovation rents that can be captured by the patent is mainly determined by the breadth of patent protection. Thus, once the decision to patent has been made, the innovator needs to make another important decision, namely, how broad of a patent protection to claim. While the innovator's decision to patent the innovation or to keep it a secret has been examined in the literature (Horstmann et al. 1985, Waterson 1990), there is no formal framework of analysis of the innovator's patent breadth choice. Instead, the traditional assumption in the economic literature... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2003 |
URL: http://purl.umn.edu/22114 |
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| Registros recuperados: 42 | |
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