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Cointegration Between Prices of Pecans and Other Edible Nuts: Forecasting and Implications AgEcon
Florkowski, Wojciech J.; Lai, Yue.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Demand and Price Analysis.
Ano: 1997 URL: http://purl.umn.edu/35870
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Pricing Attributes of Wines from Emerging Suppliers on the British Columbia Market AgEcon
Yoo, Veronica; Florkowski, Wojciech J.; Carew, Richard.
We examine British Columbia (BC) wine consumers’ valuation of wine imported from emerging suppliers (Argentina, Bulgaria, Chile, Croatia and Hungary) through the estimation of a hedonic price function. Retail sales data employed in this study comes from the BC Liquor Distribution Branch and covers weekly sales of table wine that was imported from all five countries into the province of British Columbia. The results indicate that the grape variety is an important factor influencing consumers’ willingness to pay. In particular, white and red wines from Chile are associated with larger price premia while wines from Argentina command a premium only among red wines. Wines from Bulgaria, Croatia and Hungary, although sold in large quantities in the BC market,...
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic pricing; Objective characteristics; New World countries; Wine; Consumer/Household Economics; Demand and Price Analysis.
Ano: 2011 URL: http://purl.umn.edu/103699
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BERLIN CONSUMER PREFERENCES FOR QUALITY ATTRIBUTES OF FRESH VEGETABLES AgEcon
Lai, Yue; Florkowski, Wojciech J.; Bruckner, Bernhard; Schonhof, Ilona.
Tipo: Journal Article Palavras-chave: Consumer/Household Economics.
Ano: 1998 URL: http://purl.umn.edu/27443
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The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region AgEcon
Sheremenko, Ganna; Escalante, Cesar L.; Florkowski, Wojciech J..
This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia and the Caucasus. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that Russian and Caucasian MFIs are profit-driven but are expected to improve outreach in the long-run.
Tipo: Working Paper Palavras-chave: Microfinance institution; SUR; Financial sustainability; Delinquency; Profitability; Social outreach; Agricultural Finance; Financial Economics; G20; G21.
Ano: 2012 URL: http://purl.umn.edu/119525
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Willingness to Pay for Potable Water in the Southeastern Turkey: An Application of both Stated and Revealed Preferences Valuation Method AgEcon
Bilgic, Abdulbaki; Eren, Gunes; Florkowski, Wojciech J..
We estimate both averting behavior and stated preferences about water quality improvements in the southeastern Anatolian region using reduced form equations. The model reveals that income, education, perception about water features, household living conditions, regional variables are only statistically significant in both the RP and SP data models. The WTP estimate was around 6.43 New Turkish Liras. And also simulation analysis show that increasing income and education foster the willingness-to-pay for treating water, while an increase in bid prices and perception reduce the WTP.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6755
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SIMULATING IMPACT OF PECAN STORAGE TECHNOLOGY ON FARM PRICE AND GROWERS’ INCOME AgEcon
Florkowski, Wojciech J.; Wu, Xi-Ling.
Pecan growers can increase income by storing pecans if economically feasible storage technology is available. The marginal conditions under which growers would store pecans were derived. Revenue changes due to storage and impact of storage on price variations were simulated, suggesting the price that growers could pay for new storage technology.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1990 URL: http://purl.umn.edu/30013
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CONSUMER SELECTION OF RETAIL OUTLETS IN BUYING PECANS AgEcon
Florkowski, Wojciech J.; You, Zhikang; Huang, Chung L..
The study identifies differences in consumer characteristics and the selection of the type of a retail outlet in pecan purchases. Within the framework of utility maximization, an empirical model is specified and estimated using multinomial logit. The estimation is based on data collected through a nationwide survey. Calculated marginal probabilities show the importance of age, household income, and household size among the important consumer characteristics that influence the selection of a retail outlet. Employment and the timing of pecan purchases also influence the use of a specific type of retail outlet. In particular, mail-order purchases are made by older persons with higher incomes and larger households in comparison to purchases at grocery stores...
Tipo: Journal Article Palavras-chave: Consumer/Household Economics.
Ano: 1999 URL: http://purl.umn.edu/27386
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INCOME REMINDER AND THE DIVERGENCE BETWEEN WILLINGNESS-TO-PAY ESTIMATES ASSOCIATED WITH DICHOTOMOUS CHOICE AND OPEN-ENDED ELICITATION FORMATS AgEcon
He, Senhui; Jordan, Jeffrey L.; Florkowski, Wojciech J..
This study investigates whether an income reminder can reduce the divergence between the willingness-to-pay (WTP) estimates associated with the open-ended (OE) and dichotomous choice (DC) elicitation formats. Results show that without an income reminder, WTP estimate associated with DC elicitation format is about 1.66 times as large as that associated with OE elicitation format. With an income reminder, the WTP estimate associated with DC format decreased while the WTP estimate associated with OE format increased, and the divergence between the WTP estimates was almost eliminated.
Tipo: Conference Paper or Presentation Palavras-chave: Dichotomous choice; Open-ended; Income reminder; Water quality improvement; Willingness-to-pay; Research Methods/ Statistical Methods.
Ano: 2003 URL: http://purl.umn.edu/35193
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IMPLICATIONS OF LAWN CARE AND LANDSCAPE MAINTENANCE FIRM PROFILES FOR ADOPTION OF PEST-MANAGEMENT PRACTICES AgEcon
Hubbell, Bryan J.; Florkowski, Wojciech J.; Oetting, R.; Braman, S.K.; Robacker, C.D..
Firm characteristics and managers' attitudes and opinions about pesticide safety were used to classify lawn care and landscape management firms into four categories and compare them using the logit procedure. Survey data obtained from 223 firms was used in the empirical investigation of the adoption of the IPM techniques. Results showed the need for continued transfer of new technology to independently owned firms, multidisciplinary assessment of IPM methods before their transfer to ascertain the economic viability of proposed methods, public investment in programs training workers in knowledge-based pesticide applications, possible assistance in obtaining capital, and investment in consumer education.
Tipo: Journal Article Palavras-chave: Attitudes; Cluster analysis; IPM; Logit model; Management; Survey; Agribusiness.
Ano: 2001 URL: http://purl.umn.edu/15286
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Planning an Expansion of Blueberry Production by Southern Growers AgEcon
Florkowski, Wojciech J..
A random utility model is applied to examine growers' decision to expand blueberry orchards. A logit decision model is estimated using survey data from Georgia commercial growers. Results indicate the importance of credit and water availability for the expansion decision. Effects of demographics and income on the expansion decision were simulated.
Tipo: Conference Paper or Presentation Palavras-chave: Q12; Q13; Crop Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/35329
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Food Expenditures in Rural Households in the Northern Region of Ghana AgEcon
Meng, Ting; Florkowski, Wojciech J.; Kolavalli, Shashidhara; Ibrahim, Mohammed.
The objective of the paper is to identify farmer and farm characteristics that determine the food expenditure in rural households in the Northern Region of Ghana. The results indicate income, implicit wealth, age, family structure, cultivation staple or cash crop, and buying dry goods in bulks are the major determinants.
Tipo: Presentation Palavras-chave: Northern Ghana; Farm characteristics; Food expenditure; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2012 URL: http://purl.umn.edu/119716
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DEMOGRAPHIC AND SOCIO-ECONOMIC CHARACTERISTICS AND THE CONSUMPTION OF DIETARY FOODS: AN ILLUSTRATION FROM AN ECONOMY IN TRANSITION AgEcon
Florkowski, Wojciech J.; Moon, Wanki; Resurreccion, Anna V.A.; Paraskova, Pavlina; Beuchat, Larry R.; Chinnan, Manjeet S.; Jordanov, Jordan.
The market for functional foods in industrialized nations has shown rapid growth over the last decades, sales being estimated at $9 billion in 1995. The emerging market economies of Central and Eastern Europe provide a unique opportunity to study consumer behavior regarding the consumption of functional foods. This paper examines demographic and socio-economic factors affecting consumer beliefs in dietary properties of food in Bulgaria, one of the economies in transition. Estimated results are expected to provide information useful for developing marketing strategies for dietary food product marketing and assist in the formulation of policies and education programs to assure that consumers make informed choices in product selection. Educational...
Tipo: Working or Discussion Paper Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 1998 URL: http://purl.umn.edu/16664
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Consumer Willingness to Pay for Improved Attributes of Fresh Vegetables: A Comparison Between Atlanta and Berlin AgEcon
Lai, Yue; Florkowski, Wojciech J.; Huang, Chung L.; Bruckner, Bernhard; Schonhof, Ilona.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Food Consumption/Nutrition/Food Safety.
Ano: 1997 URL: http://purl.umn.edu/35914
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Biotechnology: Opportunities and Adjustments AgEcon
Florkowski, Wojciech J.; Hill, Lowell D..
Tipo: Journal Article Palavras-chave: Agribusiness; Research and Development/Tech Change/Emerging Technologies.
Ano: 1987 URL: http://purl.umn.edu/59889
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CONSUMER CHARACTERISTICS INFLUENCING THE CONSUMPTION OF NUT-CONTAINING PRODUCTS AgEcon
He, Senhui; Florkowski, Wojciech J.; Elnagheeb, Abdelmoneim H..
The study estimates the influence of consumer characteristics on the consumption of four nut-containing products, that is, the consumption of nuts as a snack, in salads, covered in chocolate, and in ice cream. Gender, age and education are among the characteristics that frequently influence nut consumption. Female, older, and non-white respondents consumed nuts as a snack more often than male, younger, and white consumers did. Chocolate-covered nut consumption was associated with higher income and rural consumers while nut-flavored ice cream was consumed more frequently by older rather than younger respondents and respondents from larger households.
Tipo: Journal Article Palavras-chave: Consumer/Household Economics.
Ano: 1998 URL: http://purl.umn.edu/26881
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Price Relationships in the U.S. Tree Nut Market AgEcon
Ibrahim, Mohammed; Florkowski, Wojciech J..
Although most U.S. tree nuts have very specific and different uses, some substitutability does occur, complicating the price analysis in the tree nut market. We examine the relationships among U.S. tree nut prices using the Johansen’s cointegration procedure. We found long run equilibrium among some nut prices, namely, pecans, walnuts, and almonds. These findings are consistent with recent suggestions that cointegration exist among substitutes.
Tipo: Conference Paper or Presentation Palavras-chave: Substitutability; Cointegration; Tree nuts; Long-run; Equilibrium; Demand and Price Analysis; Marketing.
Ano: 2007 URL: http://purl.umn.edu/9898
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DEMAND AND QUALITY UNCERTAINTY IN PECAN PURCHASING DECISIONS AgEcon
Park, Timothy A.; Florkowski, Wojciech J..
A generalized Heckman model of purchase decisions incorporating perceived consumer quality attributes, ease of purchase, and familiarity with marketing outlets as factors influencing pecan purchases is estimated. Marketing efforts that encourage consumers to expand expenditures on nut products increase both the probability of pecan purchases and the amount purchased. Consumers who use all types of nuts in a wider variety of foods tend to purchase pecans more frequently. A diverse set of marketing outlets provides consumers with convenient sources of purchasing pecans and has a significant influence on the probability of pecan purchases but not the amount of pecans purchased.
Tipo: Journal Article Palavras-chave: Generalized Heckman model; Pecan purchases; Tobit; Demand and Price Analysis.
Ano: 1999 URL: http://purl.umn.edu/15130
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DEMAND AND QUALITY UNCERTAINTY IN PECAN PURCHASING DECISIONS AgEcon
Park, Timothy A.; Florkowski, Wojciech J..
Fixed search costs associated with locating and purchasing pecans invalidate the Tobit model. Factors such as perceived quality, ease of purchase, and familiarity with marketing outlets influence the fixed costs of pecan purchases. These factors have differing impacts on the probability of purchasing and the amount purchased based on the Heckman model. Failure to apply self-selectivity corrections produces misleading assessments of key variables influencing pecan purchases. (Missing tables 1,2,3)
Tipo: Working or Discussion Paper Palavras-chave: Pecan demand; Consumer quality expectations; Heckman model; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety.
Ano: 1996 URL: http://purl.umn.edu/16714
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Selection of Peach Varieties and the Role of Quality Attributes AgEcon
Park, Timothy A.; Florkowski, Wojciech J..
Timely adoption of new varieties is critical to profitable peach production, and peach quality is a primary factor driving adoption. An adoption model for peach varieties is estimated, incorporating grower evaluations of peach quality. The model identifies the impact of farm characteristics such as the farmer's quality preferences, on-farm agronomic and orchard conditions, as well as geographic effects in Georgia peach-growing regions. The relative impact of the key external and internal peach quality attributes on adoption is assessed. Decisions on new varieties are influenced by the age distribution of the orchard, information which can be used in targeting new varieties to growers.
Tipo: Journal Article Palavras-chave: Count data; Peach variety adoption; Robust standard errors; Crop Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/30724
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Marketing Portfolio Choices by Independent Peach Growers: An Application of the Polychotomous Selection Model AgEcon
Florkowski, Wojciech J.; Park, Timothy A.; Bilgic, Abdulbaki.
In selecting a marketing channel for fresh peach sales, Georgia commercial peach growers choose the channel after accounting for buyers' preferences for quality attributes. Using the polychotomous selection model and survey data we identified external and internal quality attributes as essential factors influencing the choice of a marketing channel and the share of the crop marketed. Other factors influencing the choice and the volume sold through each marketing channel included orchard characteristics and the variety-determined fruit maturity.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2003 URL: http://purl.umn.edu/22028
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