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Registros recuperados: 44
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A Game Theoretic Approach to Organic Foods: An Analysis of Asymmetric Information and Policy AgEcon
McCluskey, Jill J..
Demand for healthy, safe, and environmentally friendly food products has been increasing. In response, producers are marketing organic and other quality-differentiated foods, sometimes claiming to have followed sound environmental and animal welfare practices. These products frequently have unobservable quality attributes. If the profitmaximizing producer is able to deceive the consumer with a false claim, then he or she will enjoy a higher price with lower production costs (compared to the full disclosure outcome). The analysis described in this paper shows that repeat-purchase relationships and third-party monitoring are required for high-quality credence goods to be available. Policy implications of this analysis for national organic food standards are...
Tipo: Presentation Palavras-chave: Credence goods; Organic foods.; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; L15; Q13.
Ano: 1999 URL: http://purl.umn.edu/123706
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Variabilidad de corto plazo en la formación de precios en mercados de haciendas en el Uruguay. AgEcon
Lanfranco, Bruno A.; Ois, Cecilia; Bedat, Alina.
El mercado de haciendas es un mercado diferenciado, donde la calidad del producto está determinada por un conjunto de atributos que lo define completamente. Existe un diferencial de precios (premios y descuentos) que depende de las características del ganado. A través de un modelo de precios hedónicos se estimó el valor monetario que el mercado otorga a dichas características, medidas sobre más de 8.000 lotes (454 mil vacunos) comercializados por pantalla. La mayoría de las variables incluidas en los catálogos incidieron en la formación de los precios. Peso, sexo, raza, clase, estado, procedencia, uniformidad, tratamiento nutricional y conocimiento del mío-mío, son características que afectaron significativamente el precio. Varias de estas variables...
Tipo: Book Palavras-chave: Hedonic prices; Product differentiation; Demand for characteristics; Agribusiness; Demand and Price Analysis; Livestock Production/Industries; Marketing; D44; L15; Q13.
Ano: 2006 URL: http://purl.umn.edu/121686
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COMPETITION VS. QUALITY IN AN INDUSTRY WITH IMPERFECT TRACEABILITY AgEcon
Rouviere, Elodie; Soubeyran, Raphael.
Tipo: Conference Paper or Presentation Palavras-chave: Entry; Externality; Minimum Quality Standard; Quality; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; L15; L5.
Ano: 2010 URL: http://purl.umn.edu/116407
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Quality Warranties and Food Products in Argentina. What Do Consumers Believe In? AgEcon
Berges, Miriam E.; Casellas, Karina S..
Consumers increasingly demand multiple-quality attributes in food products and value reliable means to identify them. For producers, the effective communication of their products quality is a marketing strategy. Therefore, another market of information associated with the new food markets emerges. This market is closely linked to the institutional environment and the level of trust in different information sources. In this article the emphasis will be put on how the different quality signals provided by the firms in their products affect the consumers´ behaviour. The objective is to investigate domestic consumers' perceptions and beliefs about food quality information in Argentina to identify the mechanisms that fully guarantee this quality. The results...
Tipo: Conference Paper or Presentation Palavras-chave: Food quality; Quality warranties; Consumers; Argentina; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; D12; L15.
Ano: 2006 URL: http://purl.umn.edu/25526
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Fed Cattle Profit Determinants Under Grid Pricing AgEcon
McDonald, R. Allen; Schroeder, Ted C..
This study determines the relative effects of price, cattle quality, and feeding performance factors on profit per head for fed cattle marketed via a grid structure. Two different data sets of cattle that were marketed in two different grid pricing systems are used in the analysis with comparisons of results made between grids. Grid base price and feeder cattle price are the most important determinants of profit over time in both grids. However, considering only nonprice variables, the cumulative quality of cattle in a pen is also an important profit determinant.
Tipo: Journal Article Palavras-chave: Cattle feeding profit; Grid pricing; Robust regression; L15; Q12; Q13.
Ano: 2003 URL: http://purl.umn.edu/37836
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Designing U.S. Corn Grades to Reflect End Use Value AgEcon
Reimer, Jeffrey J.; Hill, Lowell D..
The 1986 U.S. Grain Quality Improvement Act introduced an explicit, economic purpose for grades-that they transmit information about end use value-but provided little guidance about what factors to include in grades. We determined which quality characteristics best reflect the processed value of U.S. corn in the case of a Japanese wet miller. Foreign material is the only grade factor closely related to processed value, but a large number of nongrade attributes, many of which reflect the intrinsic properties of corn, are found to vary substantially across shipments and to provide extensive information about value. Recommendations for U.S. grades are made.
Tipo: Journal Article Palavras-chave: Commodity marketing; Corn; Grades; Maize; Quality information; L15; Q13.
Ano: 2003 URL: http://purl.umn.edu/37311
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Does traceability play a role in retailer’s strategies for private labels? AgEcon
Banterle, Alessandro; Souza Monteiro, Diogo M.; Stranieri, Stefanella.
Traceability is helping retailers manage food safety risks and support product differentiation. This paper aims to investigate how traceability may be used to screen supplier for private labels dedicated provider pools. Retailers in the UK and Italy have several private label product lines and increasingly select dedicated suppliers. The choice of providers is a typical agency problem as retailers contract the production for their private labels, having incomplete information on types and effort of their suppliers. Different contracts must be designed for suppliers of private labels depending on position of the product line and its food safety risk. A case study, based on the second largest Italian retailer reveals that traceability and quality assurance...
Tipo: Conference Paper or Presentation Palavras-chave: Traceability; Dedicated providers; Food products; Retailing; Vertical coordination; Marketing; Q13; Q18; L81; L66; L15.
Ano: 2009 URL: http://purl.umn.edu/50933
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COMMODITY R&D AND PROMOTION AgEcon
Richards, Timothy J.; Padilla, Luis.
Considerable evidence exists of high returns to public and private investment in commodity research and development programs. This study investigates the potential returns to product research, development, and marketing in a dynamic commodity-market model. Theoretical hypotheses derived from the solution to this model are tested in an empirical example of Washington apples. Estimation results show that, despite significant spillovers to research and promotion expenditure in this industry, there is nonetheless considerable latitude to increase annual sales.
Tipo: Journal Article Palavras-chave: Advertising; Commodity; Innovation; Optimal control; Poisson model; Research and development; Marketing; Research and Development/Tech Change/Emerging Technologies; L15; M37; Q13; Q16.
Ano: 2002 URL: http://purl.umn.edu/15083
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Il quadro normativo sulle denominazioni commerciali dei prodotti ittici nella gestione delle frodi: strumento di gestione o problema irrisolto? AgEcon
Gaviglio, Anna; Pirani, Alberto; Demartini, Eugenio.
Authors suppose the amounts of fraudulent seafood sales reported in recent years to be somehow correlated to the problems of Italian commercial fish-naming policy. However, given the lack of data and studies, the work has an exploratory nature focusing on three main issues: the seafood labeling policy framework, the evolution of lists of fish species’ trade names and the spread and type of fraudulent sales. According data authors believe that the fish-naming system is improving, however that lack of studies estimating the right amount of diversification in trade names for marine species seems so to be a weakness for a winning policy. Furthermore, seafood retailers seems to assume an important role on fraud management and government should support research...
Tipo: Presentation Palavras-chave: Fish products; Labeling; Consumer protection; Research perspectives; Agribusiness; Agricultural and Food Policy; International Relations/Trade; L15; Q18; Q22.
Ano: 2012 URL: http://purl.umn.edu/130451
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Productivity and Environmental Performance in Marketing Cooperatives: Incentive Schemes on the Horticultural Sector AgEcon
Galdeano-Gomez, Emilio; Cespedes-Lorente, Jose; Rodriguez-Rodriguez, Manuel.
The object of the present paper is to analyze the productivity of marketing cooperatives incorporating environmental inputs/outputs. In the European agricultural policy, expectations for attaining sustainable and competitive agriculture lie to a great extent on the cooperative sector's ability to adapt to the new market conditions. These challenges have led marketing cooperatives in the fruit and vegetables sector to consider improvement in productivity and sound environmental performance. In this sector environmental management was intensified by the Common Agrarian Policy (CAP) through incentives on the so-called Operative Programs (OP). The present study analyses the total factor productivity (TFP) related to environmental variables in this sector using...
Tipo: Conference Paper or Presentation Palavras-chave: Productivity; Environmental performance; Parametric approach; Efficiency; Marketing cooperative; Horticultural sector; Agribusiness; Environmental Economics and Policy; Productivity Analysis; D24; Q13; Q21; L15.
Ano: 2006 URL: http://purl.umn.edu/25738
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The Trade-Off Between Liquidity and Precision of Position in Option Contracts AgEcon
Koch, Alexander K.; Lazarov, Zdravetz.
More liquid financial contracts are claimed to draw trading volume from contracts for which they are close substitutes. We provide the first analysis of how trading volume across existing financial contracts is affected by changes in the factors that govern the degree to which they are substitutes. Using data on DAX options with different strike prices, we identify these factors and their impact on the distribution of trades across contracts. The results are relevant for exchange design since they help gauge when options with different strike prices are good (bad) substitutes and the strike price grid should be coarse (fine).
Tipo: Journal Article Palavras-chave: Clustering; Exchange Design; Options; Risk and Uncertainty; G10; G20; L15.
Ano: 2007 URL: http://purl.umn.edu/50155
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Small is Beautiful? Firm's Size, Prevention & Food Safety. AgEcon
Rouviere, Elodie; Soubeyran, Raphael.
The European General Food Law of 2005 and the newly promulgated FDA Food Safety Modernization Act (FFSMA) of 2010 ask all food operators to implement preventive efforts. In this article, we explore the link between firm’s size and preventive efforts. We show two main results. First, when there is no cross-contamination, small firms will provide higher preventive efforts than large firms. When there is crosscontamination, the effort-size curve may have a "inverted-U" shape. From our results we can argue that when implementing or enforcing food safety regulations, public authorities should consider both firms size and food safety hazard.
Tipo: Presentation Palavras-chave: Prevention effort; Firm size; Food safety; Agribusiness; Food Consumption/Nutrition/Food Safety; Industrial Organization; Risk and Uncertainty; Q18; L15; L5.
Ano: 2012 URL: http://purl.umn.edu/123410
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FUNCTIONAL FOODS AS DIFFERENTIATED PRODUCTS AgEcon
Bonanno, Alessandro.
Food products providing health benefits beyond nutrition, or functional foods, draw consumers’ attention and promise growth opportunities for innovator food manufacturers. European functional food manufacturers may be facing future challenges, mainly due to the European Union Regulation (EC) No.1924/2006 regulating food products’ health-claims. However, in spite of the interest shown by academics to understand the acceptance of these products no study exists that analyzes the profitability of functional foods. Using a relatively novel methodology – an adaptation of the LA/AIDS model by means of Pinkse Slade and Brett’s (2002) distance metric (DM) method – this article treats functional foods as differentiated products and provides estimates of demand and...
Tipo: Conference Paper or Presentation Palavras-chave: Functional Foods; Differentiated Products; Distance Metric; Yogurt; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; L15; L25; L66.
Ano: 2010 URL: http://purl.umn.edu/116420
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The broken broker system? Transacting on horticulture wholesale markets in India (Uttarakhand) AgEcon
Minten, Bart; Vandeplas, Anneleen; Swinnen, Johan F.M..
Relying on data from a unique survey, we study the wholesale market activities of agricultural brokers in India. Three main findings emerge. First, most transactions on these wholesale markets are small cash-and-carry transactions with physical handling, quality and quantity assessment, and financial settlements all combined in a single transaction. Second, marketing regulations are ineffective as most brokers charge rates that significantly exceed the prescribed ones. Third, a majority of farmers self-select in long-term relationships with brokers, most often based on their perceived market performance. These relationships allow some of the farmers to interlink credit and insurance markets to the agricultural output market. We find that this inter-linkage...
Tipo: Conference Paper or Presentation Palavras-chave: India; Agricultural marketing; Brokers; Agricultural and Food Policy; Marketing; Q12; Q13; L15.
Ano: 2009 URL: http://purl.umn.edu/51730
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Consumer Demand for Quality: Major Determinant for Agricultural and Food Trade in the Future? AgEcon
Caswell, Julie A.; Joseph, Siny.
The impact of consumer demand for quality on the agricultural and food system is an increased emphasis on quality differentiation but not all in the direction of upgrading quality. The more elite market segments are thriving and reaching growing numbers of consumers but the basic price/quality markets remain strong. Most recent economic studies find that consumers are willing to pay for food safety and other quality attributes, and for information about them. The magnitude of the valuations varies by food product, attribute, country, and study design. This literature and a case study of genetically modified foods suggest that consumer demand has a strong effect on agricultural and food trade.
Tipo: Working or Discussion Paper Palavras-chave: Food quality; Food safety; Consumer demand; Willingness to pay; International trade; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; D12; L15; Q18.
Ano: 2007 URL: http://purl.umn.edu/7390
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Governance of the Agri-food Chains as a Vector of Credibility for Quality Signalization in Europe AgEcon
Raynaud, Emmanuel; Sauvee, Loic; Valceschini, Egizio.
For many agricultural products, the quality of the final products strongly depends on different stages of the productive chain. This stresses the importance of relationships between quality signal owners and suppliers in the vertical chain. Based on a New Institutional Economics analysis, the goal of this paper is twofold: (i) to design a framework to study the links between quality signaling, coordination in the supply chains and the institutional environment, (ii) to conduct a comparative analysis to identify, compare and explain the modes of organization implemented for the governance of different quality signs. The general hypothesis is that, in order to assure the credibility of a quality signal, there must be an efficient alignment between quality...
Tipo: Conference Paper or Presentation Palavras-chave: Alignment; Credibility; Governance structures; Quality signals; Agribusiness; L14; L15; L22.
Ano: 2002 URL: http://purl.umn.edu/24917
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A Theory of Strategic Diffusion AgEcon
Goyal, Sanjeev; Galeotti, Andrea.
The important role of friends, neighbors and colleagues in shaping individual choices has been brought out in a number of studies over the years. The presence of significant ‘local’ influence in shaping individual behavior suggests that firms, governments and developmental agencies should explicitly incorporate it in the design of their marketing and developmental strategies. This paper develops a framework for the study of optimal strategies in the presence of social interaction. We focus on the case of a single player who exerts costly effort to get a set of individuals – engaged in social interaction – to choose a certain action. Our formulation allows for different types of social interaction (ranging from sharing of information to direct adoption...
Tipo: Working or Discussion Paper Palavras-chave: Social Interaction; Seeding the Network; Word of Mouth Communication; Diffusion Strategy; Institutional and Behavioral Economics; D8; L15.
Ano: 2007 URL: http://purl.umn.edu/9096
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Buyer and Seller Response to an Adverse Food Safety Event: The Case of Frozen Salmon in Alberta AgEcon
Maynard, Leigh J.; Saghaian, Sayed H.; Nickoloff, Megan.
Fish is a low-fat protein source high in omega-3 fatty acids, but in 2004 consumers also heard that farmed salmon had high levels of polychlorinated biphenyl (PCBs). This research evaluated how Canadian consumers and processors reacted to the conflicting health messages. Demand estimates and time-series analysis of 2001-2006 frozen meat scanner data in Alberta, Canada show a significant drop in salmon expenditure share following the PCB finding. The industry responded by launching low-priced wild salmon products, which contributed to significant demand expansion. The analysis illustrates how a food safety threat was averted and even served as a catalyst for growth.
Tipo: Report Palavras-chave: Salmon; Scanner data; Food Safety; Demand; Directed acyclic graphs; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; D12; L15; Q11.
Ano: 2007 URL: http://purl.umn.edu/6832
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Improving the Quality of Women’s Gold in Mali, West Africa: The Case of Shea AgEcon
Perakis, Sonja Melissa.
The collection, primary processing, and subsequent sale of shea-based products make an important contribution to rural women’s cash income in many of Mali’s shea producing areas. Internationally, shea has recently become popular in high-valued cosmetics thanks to its therapeutic properties— a deviation away from its historic use as a cheap cocoa-butter substitute. For these reasons, international development actors have targeted the Malian shea value chain as part of their private-sector-development and rural-poverty-alleviation programs and strategies. Information asymmetry in the production and marketing of shea has led to a “Market for Lemons” scenario much like that described by Akerlof (1970), thereby compromising the subsector’s potential to serve as...
Tipo: Thesis or Dissertation Palavras-chave: Information asymmetry; Karité; Mali; Rural development; Shea; Women’s income; Agribusiness; Institutional and Behavioral Economics; International Development; Marketing; Q13; Q23; L15; L24; 013; O17.
Ano: 2009 URL: http://purl.umn.edu/51703
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The Role of Trust and Risk Aversion in Farmers' Used Machinery Transactions AgEcon
Roe, Brian E.; Batte, Marvin T.; Diekmann, Florian.
Results of a nationally representative survey of US farmers link previously validated survey measures of risk aversion and interpersonal trust to farmers’ intended use of online venues for transacting used equipment. Other factors affecting online purchase propensity includes the quality of farmers’ relationships with local equipment dealerships. Understanding the factors that impact farmers’ use of internet market venues is crucial as rural internet penetration deepens, farm equipment needs grow more specialized and local offline markets thin. These results may also help explain past observations of severe discounting of used farm equipment sold in online venues.
Tipo: Conference Paper or Presentation Palavras-chave: Internet; Agricultural marketing; Durable inputs; Survey; Risk aversion; Trust; Agribusiness; Industrial Organization; Marketing; Research and Development/Tech Change/Emerging Technologies; Risk and Uncertainty; D8; L15; L64; Q12.
Ano: 2010 URL: http://purl.umn.edu/60972
Registros recuperados: 44
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