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Registros recuperados: 28 | |
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Nalley, Lawton Lanier; Hudson, Darren. |
Uniform auctions are commonly used to elicit willingness to pay for new or novel products, product attributes, or non-market goods. However, most auctions or other contingent-valuation techniques do not allow for negative values, despite the fact that many consumers hold negative values for these products or product attributes. We conducted a WTP auction for a new product along with a within-sample WTA second auction allowing for negative responses. We find that failing to allow for negative values significantly inflates willingness to pay estimates and estimates of expected market share. This paper provides a method of incorporating negative values into auctions and willingness to pay elicitation. |
Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics; Food Consumption/Nutrition/Food Safety. |
Ano: 2009 |
URL: http://purl.umn.edu/99790 |
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Nalley, Lawton Lanier; Hudson, Darren; Parkhurst, Gregory M.. |
We used a controlled, uniform 5th-price auction to elicit values for sweet potatoes—both when location is known and unknown, and before and after tasting and providing health information. Significant differences were found between pre- and post-consumption valuations and also found that there were significant effects for location of origin and health information. Interestingly, we also find that location of origin not only affects the level of bids, but also the marginal differences in bids between different potatoes. Overall, however, these results suggest little consistency in bid values across information sets, suggesting that attempting to elicit values of attributes in isolation may lead to erroneous results. |
Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics; Demand and Price Analysis. |
Ano: 2006 |
URL: http://purl.umn.edu/7063 |
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Popp, Michael P.; Nalley, Lawton Lanier; Vickery, Gina B.. |
This study examines how the introduction of dedicated energy crops—switchgrass and forage sorghum—may affect Arkansas’ crop allocation decisions. The study captures crop production practices at the county or crop reporting district level. Results are in a static equilibrium framework and limited to a one-year ahead forecast. The model’s predictive success was evaluated by comparing 2007 model results with no energy crop production to actual acreages harvested. Switchgrass entered land use at approximately $25 and $35/dry ton in 2007 and 2008, respectively. Higher 2008 commodity prices for traditional crops caused lower switchgrass acreage peaks compared to 2007. Further, at higher biomass price levels—$45 to $55/dry ton depending on year and whether or not... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy. |
Ano: 2008 |
URL: http://purl.umn.edu/53501 |
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Mahrizal; Nalley, Lawton Lanier; Dixon, Bruce L.; Popp, Jennie S. Hughes. |
This study sets out to empirically estimate the optimum annual replacement rate and age of cocoa trees in order to maximize the net present value of four common cocoa production systems. The study examines the costs and returns of four common cocoa production systems in Ghana associated with changes in cocoa prices, fertilizer prices, inflation rates, and labor prices. While this study focuses on cocoa, the methodology is applicable to any perennial crop. This study uses empirical yield curves and cost of production data from Ghana to determine when and what percentage of a cocoa orchard should be replaced annually to maximize net present value of revenues over time. Successive versions of the model are solved to determine how input and output price... |
Tipo: Presentation |
Palavras-chave: Cocoa; Replacement Rate; Net Present Value (NPV); Production Economics; Q01; Q15; Q32. |
Ano: 2012 |
URL: http://purl.umn.edu/119777 |
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Popp, Michael P.; Nalley, Lawton Lanier. |
Arkansas cropping pattern changes at the county level were estimated under various scenarios involving a likely decline in water availability, the development of a biomass market for renewable energy production, and the potential of a widely used carbon offset market. These scenarios are analyzed separately and jointly to determine which of the three scenarios is expected to have the largest impact on net (emissions – sequestration) greenhouse gas (GHG) emissions, renewable fuels feedstock supply, and producer net returns. Land use choices included conventional crops of rice, cotton, soybean, corn, grain sorghum, pasture, and hay. Specialty crops of loblolly pine and switchgrass were modeled for their respective potential to sequester carbon and provide... |
Tipo: Journal Article |
Palavras-chave: Carbon offsets; Irrigation restriction; Pine; Switchgrass; Farm Management; Resource /Energy Economics and Policy; Q11; Q15; Q16; Q18; Q54. |
Ano: 2011 |
URL: http://purl.umn.edu/113533 |
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Nalley, Lawton Lanier. |
This paper uses the Almost Ideal Demand System (AIDS) model to analyze two issues 1) The effect of the implementation of mandatory country of origin labeling and 2) the effect of the tariff on Vietnamese basa. The data would suggest that the first effort (COOL), in 2002, of the CFA to help protect domestic production may have actually had adverse effects. That is, by mandating that Vietnamese catfish be labeled as basa, a new market was created. This new market seems to have favorably differentiated the Vietnamese product from the American product. The second attempt to protect the domestic industry was to implement a tariff on all imports in February 2003. Since the market had been segmented by the mandatory COOL (2002) before the tariff implementation... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
Ano: 2007 |
URL: http://purl.umn.edu/34993 |
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Registros recuperados: 28 | |
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