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Chapter 03: MITIGATION, PRODUCT SUBSTITUTION, AND CONSUMER VALUATION OF UNDESIRABLE FOODBORNE EFFECTS AgEcon
Weaver, Robert D..
This book was originally published by Westview Press, Boulder CO, 1995.
Tipo: Book Chapter Palavras-chave: Foodborne illness; Mitigation; Consumer valuation; Product substitution; Food Consumption/Nutrition/Food Safety.
Ano: 1995 URL: http://purl.umn.edu/25980
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CONTRACTING, CAPTIVE SUPPLIES, AND PRICE BEHAVIOR AgEcon
Chin, Ming-Chin; Weaver, Robert D..
Theoretical and simulation results clarify the role of procurement contracting in determining spot price levels and volatility. A generic model determines market share across quality. Actual supply is specified as price dependent and stochastic. Simulation examines the sensitivity of price level and volatility to extent of forward contracting, risk aversion, and ability to adjust spot market demand (recontracting). The results show that as forward contracting increases mean spot price decreases and variance increases. This effect increases as risk aversion decreases and as extent of recontracting adjustment in spot demand decreases.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2002 URL: http://purl.umn.edu/19052
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Contracting, Signaling of Uncertain Quality, and Price Volatility? AgEcon
Chin, Ming-Chin; Weaver, Robert D..
Theoretical and simulation results clarify the role of forward procurement contracting as a determinant of spot price levels and volatility. A stylized model determines market share across quality when procurers forward contract to manage quality risk. Actual supply is specified as price dependent and stochastic. Simulation examines sensitivity of spot price level and volatility to extent of forward contracting, risk aversion, and ability to adjust spot market demand (recontracting). The results show that as forward contracting increases mean spot price decreases and variance increases. This effect increases as risk aversion decreases and as the extent of recontracting adjustment in spot demand decreases.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2002 URL: http://purl.umn.edu/24790
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CROP INSURANCE CONTRACTING: MORAL HAZARD COSTS THROUGH SIMULATION AgEcon
Weaver, Robert D.; Kim, Taeho.
Moral hazard costs are estimated using a new crop insurance design approach. The simulation results show that incorporation of incentive compatibility constraints into insurance design can substantially reduce moral hazard costs.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2001 URL: http://purl.umn.edu/20729
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Designing Crop Insurance to Manage Moral Hazard Costs AgEcon
Weaver, Robert D.; Kim, Taeho.
A new crop insurance model based on just random risk (natural states) is presented instead of traditional model based on random risk, guaranteed price, and guaranteed yield. The simulation approach shows how the incentive compatibility constraints resolve the moral hazard problem by the insured under the insurer-agency crop insurance contracting.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2002 URL: http://purl.umn.edu/24784
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DOES GENERIC ADVERTISING WRAP DEMAND CURVATURE? AgEcon
Weaver, Robert D.; Chin, Ming-Chin.
This paper reconsiders the impacts of generic advertising on commodity prices that may be induced through demand effects. Rather than considering a simple demand shift, we consider the possibility that advertising leads to a change in the curvature of the demand curve. In this case, generic advertising is shown to affect both the level of market prices as well as their volatility. Based on parametric tests, we find that the demand elasticity appears to be affected by the intensity of generic advertising. In addition, we find evidence that generic advertising affects the curvature of the demand curve. We examine the implications of these findings for the price of beef. Our results are consistent with the hypothesis that generic advertising enhances...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2002 URL: http://purl.umn.edu/19822
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FOOD RETAIL SALES (PRICING): THEORY AND EMPIRICAL EVIDENCE FOR GERMAN GROCERY STORES AgEcon
Loy, Jens-Peter; Weaver, Robert D..
Retail pricing indicates many phenomena, such as sales or rigidities. A number of models have been proposed in particular to explain the occurrence of sales. Focussing on the market for fresh foods the model by Varian and the loss leader argument seem to be intuitively best fitting to the conditions in the fresh food market. From these models we derive several hypotheses that are tested for a unique data set of the German fresh food retail market The data set consists of weekly prices for ten food items in 131 grocery shops over the period from 1995 to 2000. The results support to some extent the Varian model and also indicate some dynamic loss leader pricing. However, rejections of some hypothesis provide some hints for successive models adjustments....
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2002 URL: http://purl.umn.edu/19787
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FORWARD CONTRACTING SPECIFICATION THROUGH COLLECTIVE BARGAINING AgEcon
Chin, Ming-Chin; Weaver, Robert D..
Game-based bargaining theory is presented to evaluate the potential of and stability of cooperative coalition among producers for enhancing producer returns and managing market price and income risk. Results clarify that collective bargaining can increase and stabilize producer profits when they face a single processor.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2004 URL: http://purl.umn.edu/20006
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MARKET STRUCTURE AND THE DYNAMICS OF RETAIL FOOD PRICES AgEcon
Weaver, Robert D.; Chattin, Peter; Banerjee, Aniruddha.
The effect of retail grocery market structure on the speed of adjustment of retail food prices to changes in producer prices, real wages, and the cost of energy was examined for SMSAs. Evidence failed to support the implication of the Mason-Bain paradigm that increased concentration reduces market efficiency as reflected in speed of retail price adjustment. Evidence of strong intertemporal relationships between change in producer prices and retail prices found for the categories meat, poultry, fish, eggs and cereal and baker products provide support to the hypothesis of cost-push inflation.
Tipo: Journal Article Palavras-chave: Marketing.
Ano: 1989 URL: http://purl.umn.edu/28856
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MEASUREMENT OF ALLOCATIVE BIASES OF PRODUCTION CONTROL POLICIES AgEcon
Weaver, Robert D..
Tipo: Journal Article Palavras-chave: Production Economics.
Ano: 1978 URL: http://purl.umn.edu/30487
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Network connections and innovation capacity in traditional agrifood chains AgEcon
Kuhne, Bianka; Gellynck, Xavier; Weaver, Robert D..
In the New Economy, the network is considered as more important than the firm itself. In this paper the focus is on chain networks which include vertical networks among chain members, horizontal networks with peers, and networking with third parties. Networks have an important role in the diffusion and adoption of innovations, thus they are the locus of innovation. While previous research focused on the firm, we contribute to the understanding of innovations in chain networks, i.e. we investigate the innovation capacity in vertical networks and how networking with peers and third parties is influencing the innovation capacity of the vertical network. We propose that there is a positive relationship between the network connections the direct chain partners...
Tipo: Conference Paper or Presentation Palavras-chave: SMEs; Chain networks; Traditional food products; Agribusiness; Agricultural and Food Policy; Community/Rural/Urban Development; Food Consumption/Nutrition/Food Safety; Labor and Human Capital.
Ano: 2010 URL: http://purl.umn.edu/95050
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Outsourcing and Offshoring: Sector Implications for Dynamics, Growth, and Sustainability AgEcon
Weaver, Robert D.; Chung, Sung Hoon.
As national economies have integrated through removal of trade barriers, the potential for offshoring production was quickly recognized as a strategy to enhance firm performance. At the same time, labor market reforms opened the door for outsourcing of labor services to specialist firms that supply labor force teams. The implications of these trends for industries that rely on specialized workforces have drawn considerable attention. Both manufacturing and food processing have seen substantial movement toward oursourced labor, yet little research has considered the implications of these trends. In both manufacturing and food processing, specific labor skills are needed that require training and consistency of supply to ensure efficiency in raw material and...
Tipo: Conference Paper or Presentation Palavras-chave: Labor force; Offshoring; Outsourcing; Food System; Sustainability; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/59201
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PRICE VOLATILITY IN THE U.S. DAIRY SECTOR: DUE TO WEEK-OF-MONTHS EFFECTS? AgEcon
Natcher, William C.; Weaver, Robert D..
Under recent dairy policy reforms, farm-level milk prices are determined by a multiple component pricing scheme that derives monthly dairy product class prices from weekly NASS survey prices for only the first two weeks of each month. This pricing rule may provide incentives for strategic behavior by dairy sector participants that could induce dairy product price volatility. This paper employs a series of nonparametric approaches to examine evidence of such price manipulation in CME weekly average dairy product prices. Empirical evidence suggests that no such week-of-month effects exist in levels of prices, and only very weak evidence of week-of-month effects in price volatility was found. Together, results suggest dairy product markets are...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2001 URL: http://purl.umn.edu/20551
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Pricing Perishables AgEcon
Weaver, Robert D.; Moon, Yongma.
A key feature of food products is their perishability. Within the short marketing window that characterizes most food and ag products, demand is typically highly stochastic and difficult to predict. This combination of features poses substantial challenges to retailers when pricing products and has implications for performance that ripples through vertical food chains. For many food products, processing to forms that can be preserved and held in inventory has traditionally been used as a means of coping with these conditions, despite its high costs and ancillary risks introduced such as change in product attributes and deterioration. This paper presents an alternative ERM strategy that focuses on dynamic pricing to control the rate of sale for perishable...
Tipo: Presentation Palavras-chave: Dynamic pricing; Demand substitution; Consumer choice model; Robust optimization; Price assurance.; Agribusiness; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; Productivity Analysis; Research Methods/ Statistical Methods.
Ano: 2011 URL: http://purl.umn.edu/122007
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PRIVATE LABELS: A MECHANISM FOR FULFILLING CONSUMER DEMAND FOR HEALTHY FOOD? AgEcon
Weaver, Robert D.; Moon, Yongma.
As consumer preferences rapidly evolve with respect to health-related attributes of food, many have questioned the performance of the conventional food industry to fulfill new demand. As the structure of the industry has shifted toward conditions where retailers have access to and incentive to respond to rapidly changing information concerning consumer preferences, it is relevant to consider the conditions under which retailers will offer private labeled healthy food products not available from national brand manufacturers. This paper presents a theory of the dynamic, stochastic decision of retailers to offer private label products that are close substitutes to national brands. Within the context of salient features of healthy foods, we examine the role of...
Tipo: Conference Paper or Presentation Palavras-chave: Private labels; Store brands; Health claims; Functional food; Real options; Product cannibalization; Food choice; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/116397
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Private Labels: A Sign of Changing Times AgEcon
Haas, Rainer; Weaver, Robert D..
A widely held view is that a dramatic shift is well underway in the structure of food system. First noticed at the farm level, contracting between retailers and fruit and vegetable growers for specific quality attributes signaled a shift from commodity style markets to relational transactions managed by retail grocers operating on massive spatial scales. By contracting directly with suppliers, retailers found they could more efficiently procure and manage characteristics of products and transactions that affect their performance. Similar contracting between meat processors and growers emerged in animal production. As a result of this shift, retailers define product specifications and contract their production. This new organizational form constitutes a...
Tipo: Conference Paper or Presentation Palavras-chave: Private labels; Store brands; Pull innovation; Consumer‐orientation; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/100586
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RATIONAL ROOTS OF "IRRATIONAL" BEHAVIOR: DISCUSSION AgEcon
Weaver, Robert D..
Tipo: Journal Article Palavras-chave: Institutional and Behavioral Economics.
Ano: 1989 URL: http://purl.umn.edu/28861
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Relationship Quality and Innovation Capacity of Chains: The Case of the Traditional Food Sector in the EU AgEcon
Gellynck, Xavier; Kuhne, Bianka; Weaver, Robert D..
The purpose of the paper is to explore how the perceived relationship quality is related to the innovation capacity in chains of the traditional food sector. Based on suggestions from theory and previous studies, empirical evidence is drawn from a survey of 90 traditional food chains including 270 chain partners from three European countries in four traditional food product categories. Heterogeneity across these chains is first examined based on cluster analysis that identifies three distinct clusters interpreted as reflecting three levels of intensity in innovation capacity: high, medium, and low. Next, we define measures of the chain relationship quality through characteristics such as trust, conflict and reputation. Results suggest that various aspects...
Tipo: Article Palavras-chave: Innovation capacity; Chain relationship quality; Traditional food products; SMEs; Different chain relationship directions; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Production Economics.
Ano: 2011 URL: http://purl.umn.edu/121841
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Relationship Quality and Innovation Capacity of Chains: The Case of the Traditional Food Sector in the EU AgEcon
Gellynck, Xavier; Kuhne, Bianka; Weaver, Robert D..
The purpose of the paper is to explore how the perceived relationship quality is related to the innovation capacity in chains of the traditional food sector. Based on suggestions from theory and previous studies, empirical evidence is drawn from a survey of 90 traditional food chains including 270 companies from 3 European countries in 6 traditional food product categories. Heterogeneity across these chains is first examined based on cluster analysis that identifies three distinct clusters interpreted as reflecting three levels of intensity in innovation capacity: high, medium, and low. Next, we define measures of the chain relationship quality through characteristics such as trust, conflict and reputation. The quality of the chain relationship is then...
Tipo: Conference Paper or Presentation Palavras-chave: Innovation capacity; Chain relationship quality; Traditional food products; SMEs; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/100498
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RETAIL SALES: DO THEY MEAN REDUCED EXPENDITURES? GERMAN GROCERY EVIDENCE AgEcon
Loy, Jens-Peter; Weaver, Robert D..
Retail pricing strategies incorporate promotions, sales, and rigidities. A number of models have been proposed in particular to explain the occurrence of sales. Focussing on the market for fresh foods the model by Varian and the loss leader argument seem to be intuitively best fitting to the conditions in the fresh food market. From these models we derive several hypotheses that are tested for a unique data set of the German fresh food retail market. The data set consists of weekly prices for ten food items in 131 grocery shops over the period from 1995 to 2000. Following Varian sales should lead to reduced expenditures, while the loss leader argument assumes that consumers are lured into the shop by promotional sales which are covered by higher prices for...
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety; Marketing.
Ano: 2003 URL: http://purl.umn.edu/25914
Registros recuperados: 29
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