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Registros recuperados: 41
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INVESTIGATION OF PRICE DISCOVERY AND EFFICIENCY FOR CASH AND FUTURES COTTON PRICES AgEcon
Brorsen, B. Wade; Bailey, DeeVon; Richardson, James W..
The dynamic relationship between daily cash and futures prices is investigated using time series analysis. The procedure involves causality tests between the two price series. The results show that futures price movements lead cash prices, implying that prices are discovered in the futures market.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Marketing.
Ano: 1984 URL: http://purl.umn.edu/32383
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MEAT TRACEABILITY: ARE U. S. CONSUMERS WILLING TO PAY FOR IT? AgEcon
Dickinson, David L.; Bailey, DeeVon.
This article reports the results from a series of laboratory auction markets in which consumers bid on meat characteristics. The characteristics examined include meat traceability (i.e., the ability to trace the retail meat back to the farm or animal or origin), transparency (e.g., knowing that the meat was produced without growth hormones, or knowing the animal was humanely treated), and extra assurances (e.g., extra meat safety assurances). This laboratory study provides non-hypothetical bid data on U. S. consumer preferences for traceability, transparency, and assurances (TTA) in red meat at a time when the U.S. currently lags other countries in development of TTA meat systems. Our results suggest that U.S. consumers would be willing to pay for such...
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2002 URL: http://purl.umn.edu/19670
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HEDGING CARCASS BEEF TO REDUCE THE SHORT-TERM PRICE RISK OF MEAT PACKERS AgEcon
Bailey, DeeVon; Brorsen, B. Wade.
Hedging in the live cattle futures market has largely been viewed as a method of reducing producer's price over a rather lengthy production period (three to six months). Meat packers and processors also face price risk. However, packers' and processors' price risk lies on the upside (i.e., risk is due to price increases) and is also relatively short-term (usually a few days). The possibility of reducing packers' and processors' price risk through long-hedging on the live cattle contract for a short period of time (one week) was investigated. The results suggest some potential benefits to meat packers form following a routine hedging strategy.
Tipo: Journal Article Palavras-chave: Livestock Production/Industries; Marketing.
Ano: 1985 URL: http://purl.umn.edu/32332
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Economic Analysis of Incentives for Foreign Direct Investment in Beef Systems in Argentina and Uruguay AgEcon
Thor, Eric, III; Bailey, DeeVon; Silvac, Alejandro R.; Vickner, Steven S..
The European Union's (EU) ban of hormone-treated beef products in 1989 has virtually eliminated beef exports to the EU from countries where cattle are routinely implanted with growth hormones. This study examined whether or not foreign direct investment in beef systems in Argentina and Uruguay would provide a profitable method for investors who want to export beef to the EU. The results indicate that while investment in these systems is potentially profitable, government interventions designed to keep domestic beef prices low inject considerable risk into the investment decision.
Tipo: Journal Article Palavras-chave: Investment in beef systems; South America; Risk; Cointegration; International Relations/Trade; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/8167
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University-Retail Industry Research Partnerships as a Means to Analyze Consumer Response: The Case of Mad Cow Disease AgEcon
Vickner, Steven S.; Bailey, DeeVon; Dustin, Al.
Tipo: Journal Article Palavras-chave: Consumer/Household Economics.
Ano: 2006 URL: http://purl.umn.edu/92876
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Estimating the Market Demand for Value-Added Beef: Testing for BSE Announcement Effects Using a Nested PIGLOG Model Approach AgEcon
Vickner, Steven S.; Bailey, DeeVon; Dustin, Al.
This paper estimates an AIDS model and corrects for first-order autocorrelation using retail meat data. We fail to reject the null hypothesis of no BSE announcement effects.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2006 URL: http://purl.umn.edu/21209
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ARE AGRICULTURAL EXPERIMENT STATION FACULTY SALARIES COMPETITIVELY OR MONOPSONISTICALLY DETERMINED? AgEcon
Barrett, Christopher B.; Bailey, DeeVon.
Tipo: Working or Discussion Paper Palavras-chave: Labor and Human Capital; Teaching/Communication/Extension/Profession.
Ano: 1998 URL: http://purl.umn.edu/28370
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Defining and Meeting the Demand for Agricultural Machinery in China: A Case Study of John Deere AgEcon
Davis, Garrett W.; Bailey, DeeVon; Chudoba, Katherine M..
www.ifama.org
Tipo: Journal Article Palavras-chave: China; Machinery markets; John Deere; Agribusiness; Demand and Price Analysis; Marketing; Public Economics.
Ano: 2010 URL: http://purl.umn.edu/93562
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Transportation and Quality Adjusted Basis: Does the Law of One Price Hold for Feeder Cattle? AgEcon
Feuz, Dillon M.; Harris, Chad; Bailey, DeeVon; Halverson, Gary.
Feeder calf prices are examined from a national video auction sales from 2004-2006. Many cattle, lot, and market characteristics significantly impact feeder cattle basis. Auction prices were adjusted for quality differences and for transportation costs and compared across regions. Basis was significantly different after the adjustment from region to region.
Tipo: Conference Paper or Presentation Palavras-chave: Feeder cattle prices; Law of one price; Video auctions; Demand and Price Analysis; Farm Management; Livestock Production/Industries; Marketing.
Ano: 2008 URL: http://purl.umn.edu/42311
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MARKET POWER IN BEEF PACKING: FEEDLOT "CAPTURE" AND ITS CAUSES AgEcon
Hunnicutt, Lynn; Crook, Michelle; Bailey, DeeVon.
Concentration in the beef packing industry has been rising for the past 25 years. Many studies of market power in beef packing are based on the conjectural variations framework, which depends on accurate estimates of packer input and processing costs. We propose an alternative measure of packer behavior which does not rely on estimates of packer costs. We also suggest how this measure could be used to draw tentative conclusions regarding packer behavior.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Marketing.
Ano: 2001 URL: http://purl.umn.edu/20743
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DYNAMICS OF REGIONAL FED CATTLE PRICES AgEcon
Bailey, DeeVon; Brorsen, B. Wade.
The dynamic relationship between four regional cash prices for fed (slaughter) cattle is investigated using time series analysis and causality tests. The results indicate that price adjustments to new information take about one week. Texas Panhandle price also was determined to dominate the price discovery process. Regional prices also were found to be interdependent. This suggests that increasing regional meat packer concentration may not grant meat packers increased regional market power in their pricing practices.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Livestock Production/Industries.
Ano: 1985 URL: http://purl.umn.edu/32512
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FACTORS INFLUENCING SUPPORT FOR A NATIONAL ANIMAL IDENTIFICATION SYSTEM IN THE UNITED STATES AgEcon
Bailey, DeeVon; Slade, Jeremy.
A survey of state veterinarians and leaders of state cattle producer associations was conducted in January 2004 to identify the determinants of support for animal ID programs in the US. The results indicate strong support for implementing some form of animal ID program, but that only about 40% of cattle association leaders supported a specific plan called the USAIP. The results suggest that familiarity with the USAIP, a perception that producers will share net benefits equally with other downstream firms, and whether or not a respondent was from a state requiring cattle to be branded were significantly related to the level of support a respondent indicated for the USAIP.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2004 URL: http://purl.umn.edu/20293
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Political Economy of the U.S. Cattle and Beef Industry: Innovation Adoption and Implications for the Future AgEcon
Bailey, DeeVon.
Market innovation and investment are key elements contributing to the health and success of any industry. However, U.S. cattle and beef interests appear to be resisting some of the market innovations that are occurring in their industry. This includes resisting innovations designed to provide more information and transparency in the marketing chain, such as additional traceability provided by animal identification systems. This paper discusses how institutions supporting the U.S. cattle and beef industry may be failing the industry in terms of helping it adjust to new market conditions, including failing to help the industry foster market innovation. Recommendations are given relating to the first steps of government and the land-grant system can take to...
Tipo: Journal Article Palavras-chave: Competition in world beef markets; Market innovation; U.S. beef industry; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/7079
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An American BSE Crisis: Has it Affected the Value of Traceability and Country-of-Origin Certifications for US and Canadian Beef? AgEcon
Ward, Ruby A.; Bailey, DeeVon; Jensen, Robert.
Auction experiments are used to determine the pre- and post- effects of traceability and country-of-origin information on US consumer willingness to accept US and Canadian beef. The December 2003 incident of BSE in Washington has likely damaged US consumer demand for Canadian beef more than it has for US beef.
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 2005 URL: http://purl.umn.edu/35515
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An American BSE Crisis: Has it affected the Value of Traceability and Country-of-Origin Certifications for US and Canadian Beef? AgEcon
Ward, Ruby A.; Bailey, DeeVon; Jensen, Robert T..
With a BSE incident in the United States (US) in December of 2003, questions arose about the effect of the incident on consumers in the US. The purpose of this paper is to determine if traceability systems for beef can help preserve consumer demand following the discovery of BSE. Auctions were conducted approximately 3 weeks before and after the December 2003 BSE incident in the U.S It was found that overall there was no effect on the size of the bribes needed by the BSE incidence. However, for some groups there were important changes. The results indicate that information about traceability and country of origin is valuable to consumers. They also suggest that greater uncertainty about certifications and assurances for beef existed among the participants...
Tipo: Journal Article Palavras-chave: BSE; Traceability; Country-of-origin; Beef market; Auctions; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/8160
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A THEORETICAL AND EMPIRICAL INVESTIGATION OF THE SUPPLY RESPONSE IN THE U.S. BEEF-CATTLE INDUSTRY AgEcon
Aadland, David; Bailey, DeeVon; Feng, Shelly.
This paper investigates the response of beef cattle producers to changes in the price of cattle. Previous research has suggested that there may be a negative short-run supply response to a permanent increase in the price of cattle. We build a dynamic, rational expectations model that predicts that the supply response is generally positive, even for permanent shocks in the short run, and nests the negative supply response as a special case for appropriately restricted demand shocks. Using annual US time series data (1930-1997) and a simultaneous-equations econometric approach, we find a positive short-run supply response in the cow market and mixed evidence in the heifer market.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis; Livestock Production/Industries.
Ano: 2000 URL: http://purl.umn.edu/21887
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ARE AGRICULTURAL EXPERIMENT STATION FACULTY SALARIES COMPETITIVELY OR MONOPSONISTICALLY DETERMINED? AgEcon
Barrett, Christopher B.; Bailey, DeeVon.
We examine the determinants of agricultural experiment station faculty salaries and find that productivity pays-as manifest by grantsmanship, publications, and the elicitation of competing offers-with no residual evidence of a negative seniority-salary relationship that could signal university monopsony power. This contrasts with findings in the previous literature on faculty salaries. Moreover, national market salary benchmarks, which may proxy for imperfectly observable productivity, correlate almost one-for-one with individual faculty salaries, with individual deviations from peers' salaries proving essentially random. This evidence is much more consistent with the hypothesis that experiment station faculty salaries are determined in a competitive...
Tipo: Journal Article Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 1999 URL: http://purl.umn.edu/31500
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AN EVALUATION OF COST OF PRODUCTION INFORMATION USAGE BY COUNTY AGENTS AgEcon
Bailey, DeeVon; Eck, Douglas W.; Glover, Terrence F..
County agents receive cost of production information primarily from state extension services and then disseminate it to agricultural producers. A survey gathered data on agent usage of this information. A Poisson regression analysis using count data was performed to determine the factors influencing the number of times county agents directly referred to published cost of production (enterprise budget) information in a year. The agent's understanding of budget information use in management decisions, the availability of budgets, and his/her receiving the budgets in multiple forms (e.g., sheets, booklets, or software) had significant positive impacts on the use of budgets by the agent.
Tipo: Journal Article Palavras-chave: Production Economics; Teaching/Communication/Extension/Profession.
Ano: 1991 URL: http://purl.umn.edu/30042
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A Rose by Another Name: An Objective Analysis of an Established Market for Credence Attributes AgEcon
Galloway, Kristin; Bailey, DeeVon.
A second-price Vickrey-style auction is used to determine the willingness to pay (WTP) for credence attributes found in "cause" coffees. WTP estimates were then compared with actual market price information. The results indicate positive average bids for the cause coffees. However, premiums were found for fair-trade and shade-grown coffee in the actual price data and discounts for organic and sustainable coffee.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2005 URL: http://purl.umn.edu/19493
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Rigidity in Packer-Feedlot Relationships AgEcon
Hunnicutt, Lynn; Bailey, DeeVon; Crook, Michelle.
Concentration in beef packing has risen dramatically in the past 25 years. We develop measures used to describe feedlot-packer relations: (1) a statistic based on the proportion of its sales a feedlot makes to a given packer, and (2) a measure of the switching behavior of feedlots. The measures are calculated using a confidential data set from the USDA Grain Inspection, Packers, and Stockyards Administration. Relationships are found to be both exclusive and stable. Causes for this rigidity are then examined using regression analysis. Transaction costs are shown to help explain why this market differs from a perfectly competitive one.
Tipo: Journal Article Palavras-chave: Beef packing; Market relationships; Transaction costs; Q13; L14; L66.
Ano: 2004 URL: http://purl.umn.edu/43453
Registros recuperados: 41
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