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Registros recuperados: 84
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Optimisation of policy interventions in environmental quota AgEcon
Buysse, Jeroen; Van der Straeten, Bart; Nolte, Stephan; Claeys, Dakerlia; Lauwers, Ludwig H.; Van Huylenbroeck, Guido.
The paper analyses the governance choices in production quota with the Flemish nutrient production rights as a case. A static model of quota trade in the short run shows the inefficiency of discrete non-auctioned trade with fixed transaction costs. This model also shows that an obligation to quota sellers to stop their production stimulates structural change. A dynamic model of trade indicates that the measures taken to prevent speculative behaviour causes inefficiencies and stimulates overuse of quota if the penalties are too low. Finally, the dynamic model indicates that a flat rate reduction on traded quota combined with too low penalties for overuse stimulate the total production.
Tipo: Conference Paper or Presentation Palavras-chave: Production rights; Quota; Dynamic programming; Transaction costs; Agricultural and Food Policy; Farm Management; Land Economics/Use.
Ano: 2010 URL: http://purl.umn.edu/61084
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Agri-environmental schemes in the European Union: the role of ex ante costs AgEcon
Peerlings, Jack H.M.; Polman, Nico B.P..
The purpose of this paper is to analyse land allocation between competing agri-environmental contracts taking into account institutional issues and farm household and farm characteristics. We consider a Biodiversity Protection Contract, Landscape Management Contract and a Restriction on Intensive Practises Contract. The paper shows that it is important to study the choice for an agrienvironmental contract in combination with the choice for other agri-environmental contracts. The reasons being that a unit of land can only be allocated to one contract (although a farm can select more than one contract) and perceived relative marginal costs of contracts can change if institutional settings and farm household and farm characteristics alter. The model uses a...
Tipo: Conference Paper or Presentation Palavras-chave: Agri-environmental contracts; Transaction costs; Contract choice; Agricultural and Food Policy; Environmental Economics and Policy; Land Economics/Use.
Ano: 2008 URL: http://purl.umn.edu/6698
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The Effects of Transaction Costs on Labor Market Participation and Earnings: Evidence from Rural Philippines Markets AgEcon
Lanzona, Leonardo; Evenson, Robert E..
The paper aims to measure transaction costs and its effects on labor market participation and on wage earnings. The observed differences between buying and selling prices of rice across households are used to calculate transaction costs indices for villages which are incorporated into the standard labor market participation and Mincer wage equations. The estimates indicate that transaction costs may be a source of the income differentials between (a) the landed and the landless, (b) the rural and the urban areas, and (c) the males and the females. Furthermore, biases can be noted in the regression coefficients of estimates that do not control for transaction costs.
Tipo: Working or Discussion Paper Palavras-chave: Transaction costs; Labor market participation; Philippines; Labor and Human Capital.
Ano: 1997 URL: http://purl.umn.edu/28465
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Preliminary principles to guide best practice water quality regulation from an economic perspective AgEcon
Coggan, Anthea; Whitten, Stuart M.; Greyling, Tertius.
Regulatory regimes intended to enforce changes to land use or management impose costs on landholders and governments. Landholder costs comprise changes to capital equipment, changes to crop or enterprise management including direct compliance costs, opportunity costs of lost production, and transaction costs from informing themselves about regulatory requirements, potential compliance strategies and administration associated with implementation of these strategies. Governments must design and implement the regulatory framework along with an appropriate compliance structure and other associated costs. In this paper we apply economic theory, in particular relating to institutional economics and transaction costs, and the degree of heterogeneity landholder...
Tipo: Conference Paper or Presentation Palavras-chave: Diffuse source pollutants; Regulations; Economic efficiency; Transaction costs; Water quality; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/58890
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Access to Dynamic Markets for Small Commercial Farmers: The Case of Potato Production in the Peruvian Andes AgEcon
Escobal D'Angelo, Javier; Torero, Maximo.
The purpose of this study is twofold. On one hand, the objective is to assess the impact of new and more complex contracting schemes, as opposed to traditional marketing channels, on small farmers’ welfare. On the other hand, the study explores which may be the critical factors that determine the small farmers’ participation in these institutional arrangements. In this context, two critical factors are stressed. The first one has to do with access to credit and the second one is the size of the agricultural plot. In order to examine the decision of farmers to access the dynamic markets, the paper follows the study of Lapar et al (2003). The paper also follows impact evaluation techniques to identify the differences in the performance of farmers with access...
Tipo: Working or Discussion Paper Palavras-chave: Potato production; Market access; Small farmers; Contract farming; Access to credit; Dynamic markets; Impact evaluation; Income growth; Transaction costs; Marketing.
Ano: 2006 URL: http://purl.umn.edu/58570
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Transmissão de preços entre mercados regionais de carne de frango no Brasil AgEcon
Mattos, Leonardo Bornacki de; Lirio, Viviani Silva; Lima, Joao Eustaquio de; Campos, Antonio Carvalho.
Non-negligible transaction costs restrict the transmission of price shock between markets. The aim of this work was to analyze the effects of transaction costs on the spatial integration of the internal market for chicken meat, from 1998 to 2007. The applied methodology was based on the Threshold Cointegration Analysis. The results indicate the presence of significant barriers to the price transmission between the markets, existing probably due to the transaction costs. Prices are not very sensitive to eventual deviations of the long run equilibrium. It could also be noted that a relatively long period is necessary to eliminate price shocks, and the price transmission process is asymmetric.
Tipo: Journal Article Palavras-chave: Market integration; Transaction costs; Chicken meat; Cointegration; Threshold; Demand and Price Analysis.
Ano: 2010 URL: http://purl.umn.edu/94798
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Transaction costs and transaction benefits associated with the process of PGI/PDO registration in Austria AgEcon
Penker, M.; Klemen, F..
Since 1992, the European Union protects names of regional foods as Protected Designation of Origin (PDO) or Protected Geographical Indication (PGI). Besides direct benefits such as higher prices or the protection from unfair competition, researchers and rural development agents emphasize the indirect benefits resulting from an intensified interaction of producers, processers and retailers during the registration process. Based on a comparative case study in Austria, this paper analyses the relation of transaction costs and transaction benefits associated with the registration process of two PGIs. Whereas one case was based on extensive outsourcing to a private consultancy (for just under 50,000 Euro + 160 working hours invested by the producers over 3.5...
Tipo: Conference Paper or Presentation Palavras-chave: Transaction costs; Registration process; Protected Geographical Indication; 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/95213
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Secure land rental contracts and agricultural investment in two communal areas of KwaZulu-Natal AgEcon
Dengu, T.; Lyne, Michael C..
This study tests the hypothesis that an efficient rental market for cropland is a significant determinant of agricultural investment in the communal areas of KwaZulu-Natal. An efficient rental market creates an opportunity cost for under-utilisation, which tends to transfer resources to more effective users. The efficiency of a rental market is compromised by the presence of transaction costs that reduce returns for both lessees and lessors. Transaction costs include risk arising from a possible breach of the rental contract. Potential losses caused by a breach of contract can be reduced by introducing a credible third-party to witness the contract. Likewise, moral hazard can be reduced by contracting with trusted persons. Data from household surveys...
Tipo: Journal Article Palavras-chave: Customary institutions; Insecure land tenure; Rental market; Transaction costs; Moral hazard; Crop production; Land Economics/Use.
Ano: 2007 URL: http://purl.umn.edu/8012
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Response to Out of Stock Produce and its Underlying Economic Considerations AgEcon
Penn, Jerrod; Matopoulos, Aristides; House, Lisa.
The goal of this research is to investigate consumer response to out-of-stock product in the produce category. We do this by comparing results from a survey conducted in Greece and the United States to previous research on consumer response to out-of-stock situations for other perishable and non-perishable products. We further examined the underlying economic reasoning as well as the cultural and physical differences between the United States and Greece as explanations of different reactions. Out of Stock produce response proved different in produce than in other perishables and non-perishables. There is some evidence that produce does follow previous the suggested economic reasoning from the previous research, especially within transaction costs. Finally,...
Tipo: Conference Paper or Presentation Palavras-chave: Out-of-stock; Grocery; Perishables; Opportunity cost; Transaction costs; Agribusiness.
Ano: 2010 URL: http://purl.umn.edu/56487
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Securing Food Quality in the Danish Broiler Supply Chain - an Economic and Organizational Study AgEcon
Graversen, Jesper T.; Bramsen, Jens-Martin; Lund, Mogens; Sondergaard, Janus.
Using the Danish broiler sector and an ongoing food quality project as a case study, the paper provides a dicussion of how new food safety and food quality standards might be implemented. In the paper the design of new payment schemes is seen as an important part of the realignment of the poultry supply chain. The basic principles of such a new scheme is outlined and suggestions for a redesign of the incentive structures are discussed. Furthermore economic and organizational issues, related to the structural realignment of the supply chain raised by the development and implementation of a chain-wide HACCP system, are discussed. It is concluded that successfully implementation of HACCP principles in a sector as a whole, not only is a matter of describing...
Tipo: Conference Paper or Presentation Palavras-chave: HACCP; Broilers; Chain perspective; Incentive structures; Payment schemes; Vertical coordination; Transaction costs; Food Consumption/Nutrition/Food Safety.
Ano: 2004 URL: http://purl.umn.edu/24997
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Factors enhancing market participation by small-scale cotton farmers AgEcon
Randela, Rendani; Alemu, Zerihun Gudeta; Groenewald, Jan A..
This paper uses data collected from 177 small-scale farming households in Mpumalanga in an effort to identify factors that significantly influence the degree of commercialisation or market participation. A logistic regression model was applied within the transaction costs framework. Results support the hypothesis that transactions costs rank among the main determinants of commercialisation. The following variables were statistically significant: age, ability to speak/understand English, region, ownership of transport, access to market information, distance to market, dependency ratio, trust, land size and ownership of livestock. Increases in the latter four have negative effects on commercialisation. The negative relationship between land size and...
Tipo: Journal Article Palavras-chave: Market participation; Household commercialisation; Logistic regression; Transaction costs.
Ano: 2008 URL: http://purl.umn.edu/47656
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Leveraging institutions for collective action to improve markets for smallholder producers in less-favored areas AgEcon
Shiferaw, Bekele A.; Obare, Gideon A.; Geoffrey, Muricho; Silim, Said.
Using survey data from the community, producer marketing groups (PMGs) and farm households in Kenya, this paper investigates the potential of rural institutions (farmer organizations, their rules and enforcement mechanisms) for remedying pervasive market imperfections and facilitate access to new technology in rural areas. Qualitative and quantitative analyses show that while the functioning of markets is constrained by high transaction costs and coordination failures, PMGs present new opportunities for small producers through vertical and horizontal coordination of production and grain marketing. They pay 20 to 25% higher prices than other buyers and facilitate the adoption of improved varieties that help increase marketable surplus. Their accumulated...
Tipo: Journal Article Palavras-chave: Market imperfections; Transaction costs; Institutions; Collective action; Producer marketing groups; Kenya; Institutional and Behavioral Economics; Marketing.
Ano: 2009 URL: http://purl.umn.edu/56941
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Trading efficiency in water quality markets AgEcon
McDonald, Hugh J.; Kennedy, Marianna; Ngawhika, Simon; Kerr, Suzi.
A crucial factor in the success of any water quality trading market is its ability to cost-effectively reallocate nutrient allowances from initial holders to those users who find them most valuable; the market's trading efficiency. We explore causes of and solutions to trading inefficiency by assessing the impact on participant transaction costs and the tradeoffs that occur as a result of policy design decisions. Differing impacts of baseline-credit and cap-and-trade markets, the impact of trading rules and monitoring regimes are discussed in this endeavour. Possible solutions of increased information flows and regulatory certainty are also discussed. We then apply this framework to three existing water quality trading schemes; two from the US, and one...
Tipo: Conference Paper or Presentation Palavras-chave: Nutrient trading; Trading efficiency; Water quality markets; Transaction costs; Community/Rural/Urban Development; Environmental Economics and Policy; Health Economics and Policy; International Relations/Trade.
Ano: 2010 URL: http://purl.umn.edu/96949
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Decision Support Model for the Optimization of Quality Systems in the Agri-Food Industry AgEcon
Krieger, Stephanie; Schiefer, Gerhard.
Quality management is of paramount importance in all stages of the Agri-Food production and process chain. The approach of quality management has been changed in the past years due to the effects of globalization, numerous deficits in food safety and the legislative such as the new European regulation 178/2002 concerning food safeties. A trend, which can be shown, is the development of several quality systems and norms in response to this challenge. Therefore programmes will be developed and improved in the Agri-Food-industry further on. There are general quality systems, which are applied in different countries and sectors, country and product specific standards and programmes, which were developed by retail initiatives. This paper will give an insight...
Tipo: Conference Paper or Presentation Palavras-chave: Quality management systems; Cost; Benefit; Transaction costs; Economic of scales; Agribusiness.
Ano: 2005 URL: http://purl.umn.edu/24710
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PORK QUALITY AND THE ROLE OF MARKET ORGANIZATON AgEcon
Martinez, Stephen W.; Zering, Kelly D..
This study addresses changes in the organization of the U.S. pork industry, most notably marketing contracts between packers and producers, by exploring their function in addressing pork quality concerns. A number of developments brought quality concerns to the forefront. These include health concerns and corresponding preferences for lean pork, a decline in other quality attributes, heightened concerns over food safety and related regulatory programs, and expansion into global markets. Organizational arrangements can facilitate industry efforts to address pork quality needs by reducing measuring costs, controlling quality attributes that are difficult to measure, facilitating adaptations to changing quality standards, and reducing transaction costs...
Tipo: Report Palavras-chave: Contracts; Transaction costs; Measuring technology; Measuring costs; Pork; Quality; Leanness; Safety; Carcass pricing; Vertical integration; Livestock Production/Industries; Marketing.
Ano: 2004 URL: http://purl.umn.edu/33973
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O SISTEMA INTEGRADO DE PRODUÇÃO DE FRANGO DE CORTE EM MINAS GERAIS: UMA ANÁLISE SOB A ÓTICA DA ECT AgEcon
Richetti, Alceu; Santos, Antonio Carlos dos.
Through this present piece of work we aim at analysing the integrated system of chicken production in Minas Gerais, in accordance to the Economy in Transaction Costs, seeking especifically to describing the transaction features, administration forms as well as contractual relations. Transactions in the poultry breeding business include a high degree of specificity of actives which undepend on the breeders’ category, whether small or big, besides plenty of uncertainty, quite often , mainly when working in the integrated system via contracts. Such contracts, although they may vary in shape, take certain technical indexes into considerarion, when it comes to rewarding the integrated breeders. The chief advantages in taking part in the integration system are...
Tipo: Journal Article Palavras-chave: Transaction costs; Vertical integration; Butcher’s chicken..
Ano: 2000 URL: http://purl.umn.edu/43354
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Competition Intensity, Potential Competition and Transaction Cost Economics AgEcon
Busse, Matthias.
As the process of globalisation of the world economy progresses, the degree of international competition among enterprises increases as well. Yet not all industries or branches are affected to the same extent by this development. One of the most important factors which determine the degree of globalisation of an industry is the level of transaction costs. Whereas low transaction costs tend to result in globalised markets, high transaction costs induce segmented markets. Because they may also indicate the degree of potential competition, transaction costs can be of great importance for competition authorities in the case of corporate mergers and acquisitions. Heterogeneous consumer preferences and product differentiation, as two additional determinants of...
Tipo: Working or Discussion Paper Palavras-chave: Transaction costs; Potential competition; Competition policy; International Relations/Trade; F00; F13; D23.
Ano: 2002 URL: http://purl.umn.edu/26168
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FACTORS INFLUENCING ORGANIZATIONAL STRUCTURE IN THE FOOD MANUFACTURING, CHEMICAL, AGRICULTURAL WHOLESALING AND BIOTECHNOLOGY INDUSTRIES AgEcon
Roucan-Kane, Maud; Pena, Inaki; Boehlje, Michael; Akridge, Jay T..
The objective of this study is to identify factors determining a business investment strategy (i.e., the choice of investment commitment and form of organizational structure) in the food manufacturing, chemical, agricultural wholesaling and biotechnology industries. Propositions regarding strategic alliance theories are tested on over 400 inter-firm collaborative agreements using secondary data from major US and European companies for the 1994-97 period. Results suggest that transactions with lower technological and resource uncertainty levels are more likely to result in investments with a higher commitment level (i.e., acquisitions or majority equity-based controlling investments). The investment commitment level embedded in a single business transaction...
Tipo: Working or Discussion Paper Palavras-chave: Transaction costs; Strategic alliances; Food manufacturing; Chemical; Agricultural wholesaling; Ag-biotechnology; Investment strategy; Innovation; Agribusiness; Industrial Organization; L10.
Ano: 2009 URL: http://purl.umn.edu/47454
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The Effect of Pollution Permit Allocations on Firm-Level Emissions AgEcon
Fowlie, Meredith; Perloff, Jeffrey M..
According to the Coase theorem, if property rights to pollute are clearly established and emissions markets nearly eliminate transaction costs, the market equilibrium will be independent of how the permits are initially allocated across firms. Using panel data from Southern California's RECLAIM program, we find that initial allocations are a statistically significant determinant of firm-level emissions. This relationship between allocation and emissions is stronger among firms with relatively high transaction costs. Thus, care must be exercised in the initial allocation of permits to ensure efficiency.
Tipo: Working or Discussion Paper Palavras-chave: Emissions trading; Transaction costs; Environmental Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/25116
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Forest-Mill Integration: A Transaction Costs Perspective AgEcon
Niquidet, Kurt; O'Kelly, Glen.
In Canada, where public ownership of forestland is prevalent, a central decision facing policy makers is how to allocate timber resources to private forest companies. Debates tend to focus around what proportion of the annual harvest should be devoted to markets opposed to long-term contracts. To give a guide to policy makers, we surveyed forest firms from New Zealand and Sweden where this decision is based purely on a commercial basis. On average, mills source fifty percent of their fibre from the market. However, using a fractional logit model, we test whether theories from transaction cost economics influence this decision. Results are consistent with transaction cost economics; firms decrease the proportion of fibre sourced from a market with...
Tipo: Working or Discussion Paper Palavras-chave: Transaction costs; Forest tenure; Vertical integration; Environmental Economics and Policy; Resource /Energy Economics and Policy; D23; K23; L22; L73.
Ano: 2008 URL: http://purl.umn.edu/37086
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