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| Registros recuperados: 36 | |
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| Brümmer, Bernhard; Loy, Jens-Peter; Requate, Till. |
| Since 2000 Germany has introduced a fairly unique market mechanism to trade milk quotas between dairy farms. The two major features are: (1) a quasi auctioning system that produces excess demands which are covered by state reserves free of charge and (2) a price band that is used to exclude highest bids. For both features an experimental design is developed to study the impact in reference to a regular seller’s sealed bid double auction. Results show that both treatments lead to significant misallocations. These are due to the direct impact of regulations and due to an imperfect adjustment of bidding functions. The major goal of the market design to reduce quota prices is reached, however, at significant trade losses. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Livestock Production/Industries. |
| Ano: 2011 |
URL: http://purl.umn.edu/114377 |
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| Hockmann, Heinrich; Brosig, Stephan; Popp, Jozsef; Wilkin, Jerzy; Juchniewicz, Małgorzta; Milczarek, Dominika; Ferto, Imre; Forgacs, Csaba; Juhasz, Aniko; Kurthy, Gyongyi; Hein, Piret; Hobbs, Jill E.; Nuppenau, Ernst-August; Brümmer, Bernhard; Zorya, Sergiy; Bakucs, Lajos Zoltan; Bojnec, Stefan; Svetlov, Nikolai M.; Hurrelmann, Annette; Maack, Kai; Hanf, Jon Henrich; Glauben, Thomas; Herzfeld, Thomas; Wang, Xiaobing; Balint, Borbala; Lerman, Zvi; Shagaida, Natalya; Benner, Eckhard; Wandel, Jurgen; Nivievskyi, Oleg; Kuhn, Arnim. |
| Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of profit and utility maximisation (and a whole set of assumptions about the institutional framework), relative prices and their change over time provide the signals that guide, like an invisible hand, the allocation of resources, i.e., the structure of production and the intensity of input use in the various production processes. They do this by co-ordinating the activities of economic agents, i.e., of resource owners, producers, intermediaries, traders, and... |
| Tipo: Book |
Palavras-chave: Agribusiness; Community/Rural/Urban Development; Industrial Organization; International Development; Labor and Human Capital; Land Economics/Use; Political Economy. |
| Ano: 2005 |
URL: http://purl.umn.edu/93018 |
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| Brümmer, Bernhard; Loy, Jens-Peter; Struve, Carsten. |
| In this paper the newly established rules for trading milk quotas in Germany are analyzed. These regulations have been in force since April 2000. Following a brief historical review of the quota system, the major changes in economic incentives regarding trading milk and the expected welfare implications are derived. Next, the effects of the new trading rules on quota prices in comparison to a reference system (sealed bid double auction) are discussed. In the empirical part the significance of the theoretical effects is illustrated. Recent changes in the regulations for quota trade are shown to have little effect in terms of mitigating these problems. |
| Tipo: Journal Article |
Palavras-chave: Rules for milk quota trading; Auctions; Agricultural and Food Policy; Financial Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/97978 |
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| Nivievskyi, Oleg; Brümmer, Bernhard; von Cramon-Taubadel, Stephan. |
| ‘Productivity and efficiency growth enhances competitiveness’. Similarly formulated statements are common in the literature on the economic performance of firms, industries and nations. This conventional perception in the economic literature, originating from trade and growth theory models, however, lacks a clearly defined mathematical formulation. Earlier work by Page (1980) and Nishimizu and Page (1986) provides an elegant formalization of the relationship between the productivity growth and competitiveness measured by the Domestic Resource Costs (DRC) ratio. However, the relationship between technical efficiency and competitiveness has not been addressed in the literature. Moreover, the DRC is a biased measure of competitiveness. We propose static and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2010 |
URL: http://purl.umn.edu/61759 |
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| Piot-Lepetit, Isabelle; Brümmer, Bernhard; Kleinhanss, Werner. |
| This paper develops a methodology for asymmetric treatment of desirable and undesirable outputs. First, a hyperbolic output efficiency measurement is used to describe a middle term transformation of production processes where producers try to improve their competitiveness together with a reduction of the negative impact on the environment. Second, a radial efficiency measurement, called directional output distance function, is used to depict a long-term transformation of the production process. A non-parametric Data Envelopment Analysis (DEA) and a Stochastic Frontier Analysis (SFA) are used to evaluate the impact of agricultural policy changes, both in France and Germany, on the technical and environmental efficiency of arable farms, taking into account... |
| Tipo: Journal Article |
Palavras-chave: Frontier analysis; Technical and environmental efficiency; Environmental regulations; Agricultural and Food Policy; Environmental Economics and Policy; Productivity Analysis. |
| Ano: 2001 |
URL: http://purl.umn.edu/98867 |
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| Registros recuperados: 36 | |
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