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| Registros recuperados: 30 | |
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| Lusk, Jayson L.; Alexander, Corinne E.; Rousu, Matthew C.. |
| Accurately estimating consumer demand for new products is an arduous task made even more difficult by the fact that individuals tend to overstate the amount they are willing to pay for new goods when asked hypothetical questions. Despite their appeal in eliminating hypothetical bias, marketers have been slow to adopt experimental auctions as a standard tool in pre-test market research. One issue that has slowed adoption of the methodology is the proliferation of auction mechanisms and the lack of clear guidance in choosing between mechanisms. In this paper, we provide insight into the theoretical properties of two incentive compatible value elicitation mechanisms, the BDM and Vickrey 2nd price auction, such that practitioners can make more informed... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Institutional and Behavioral Economics. |
| Ano: 2004 |
URL: http://purl.umn.edu/20202 |
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| Alexander, Corinne E.; Goodhue, Rachael E.; Rausser, Gordon C.. |
| Agency theory explanations for agricultural contract designs are often observationally equivalent to perfect information explanations. Further in order to test properly the hypothesis that moral hazard is important one must first test and accept the hypothesis that agents respond to contract incentives. If agents do not respond to contract incentives then it is unlikely that moral hazard is significant. Accordingly we move beyond contract design and focus on whether or not we can reject the hypothesis that moral hazard is important by examining growers responses to price incentives for processing tomato quality. We utilize a natural experiment. In our data set growers deliver processing tomatoes under a price incentives contract and for a fixed price per... |
| Tipo: Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1999 |
URL: http://purl.umn.edu/123595 |
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| Lara-Chavez, Angel; Alexander, Corinne E.. |
| Hurricane Katrina caused considerable damage to transportation infrastructure, grain export facilities, and to some crop areas in 2005. Assuming that financial market participants considered the disruption of the grain transportation system by Katrina as having an important impact on fundamental supply and demand factors, futures and/or national basis would subsequently adjust. The objective of this research was to determine the reaction in corn, wheat, and soybean futures and basis due to Katrina using an event study methodology. One parametric (Constant mean return) and one nonparametric procedure (Corrado's rank test) were used to define whether there were statistically significant abnormal returns. During Katrina abnormal returns were larger on the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/18994 |
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| van Mellor, Thuy; Alexander, Corinne E.; Bledsoe, Larry; Krupke, Christian. |
| A variant of the western corn rootworm (CRW) has adapted to the widely used cultural practice of crop rotation. This study analyzed the economic value of control options controlling the western CRW variant across Indiana. The options analyzed are soil insecticides, seed-applied insecticides, the recently commercialized genetically modified corn to resist CRW (CRW corn), or not controlling the western CRW variant. The results suggest that the economic value of CRW corn may exceed that of the alternative options for corn producers with high western CRW variant pressure, irrespective of producers' risk aversion levels and have the highest economic value for risk-averse producers in the moderate western CRW variant pressure region of Indiana. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries. |
| Ano: 2006 |
URL: http://purl.umn.edu/21264 |
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| Registros recuperados: 30 | |
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