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| Registros recuperados: 26 | |
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| Saak, Alexander E.. |
| This paper analyzes a game theoretic model of groundwater extraction in an asymmetric two-cell aquifer under incomplete information about the extent to which the local stock of groundwater depends on the extraction histories at nearby wells. A novel assumption is that the elevation of the bottom of the aquifer differs across, otherwise identical, cells. Asymmetry creates a strategic advantage (disadvantage) for the user in the deep (shallow) cell in “stealing” neighbor’s water. The user with a larger initial stock actually benefits from the commonality of groundwater provided that the asymmetry is not too small or too great. Assuming that the asymmetry between users is sufficiently large, better informed, non-cooperative users attain a higher joint... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Common property resource; Asymmetry; Groundwater; Information; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/6545 |
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| Saak, Alexander E.. |
| Marketing assistance loan (MAL) and loan deficiency payment (LDP) programs differ in their treatment of basis. This paper analyzes marketing decisions under these programs when producers are differentiated by location with respect to the terminal market. The developed model may help explain the observed lack of an association between the county loan rate and the share of a county's production enrolled in MAL programs. Under certain conditions, multiple equilibria are shown to emerge. The effects of MAL and LDP programs on welfare and policy implications are discussed. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 2002 |
URL: http://purl.umn.edu/18464 |
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| Saak, Alexander E.. |
| This paper addresses two issues pertaining to the market differentiation between non-genetically modified and genetically modified food varieties. First, a cost-efficiency explanation of the discrepancy between the observed shares of identity preserved non-genetically modified variety and the total supply of the variety is provided. Second, it is shown that when products can be falsely labeled as non-genetically modified, the share of false labeling depends on the level of identity preservation. Also in this context, it is demonstrated that the share of falsely labeled supply can increase in response to harsher fines. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/22182 |
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| Beghin, John C.; Dong, Fengxia; Elobeid, Amani E.; Fabiosa, Jacinto F.; Fuller, Frank H.; Hart, Chad E.; Kovacik, Karen; Matthey, Holger; Saak, Alexander E.; Tokgoz, Simla; Chavez, Eddie C.; Wailes, Eric J.; Womack, Abner W.; Meyers, William H.; Binfield, Julian C.R.; Brown, D. Scott; Kruse, John R.; Madison, Daniel; Meyer, Seth D.; Westhoff, Patrick C.. |
| Tipo: Report |
Palavras-chave: Crop Production/Industries; Livestock Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/32046 |
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| Saak, Alexander E.; Peterson, Jeffrey M.. |
| In this paper, we introduce a game theoretic model of groundwater extraction in a two-cell aquifer under incomplete information. A novel assumption is that individual users have incomplete knowledge of the speed of lateral flows in the aquifer: although a user is aware that his neighbor's water use has some influence on their future water stock, they are uncertain about the degree of this impact. We find that the lack of information may either increase or decrease the rate of water use and welfare. In a two-period framework, the relevant characteristic is the ratio of the periodic marginal benefits of water use. Depending on whether this ratio is convex or concave, the average speed with which the aquifer is depleted decreases or increases when users... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/21190 |
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| Hennessy, David A.; Saak, Alexander E.; Babcock, Bruce A.. |
| The U.S. market in subsidized commodity revenue insurance contracts has expanded rapidly since 1996. By far the most prevalent contract forms are crop-specific, rather than the whole-farm design which has a better claim to being optimal. For an arbitrary acre allocation vector, this paper inquires into absolute and relative determinants of the actuarial costs of these forms. The actuarial value of whole-farm insurance increases under a particular characterization of >more systematic= risk, whereas the actuarial value of insurance through crop-specific contracts need not change. Upon fixing stochastic revenue interactions, we identify conditions such that the expected cost of revenue insurance via crop-specific contracts is increasing under a more... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2003 |
URL: http://purl.umn.edu/21988 |
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| Registros recuperados: 26 | |
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