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Market Integration: Case Studies of Structural Change AgEcon
Franken, Jason R.V.; Parcell, Joseph L.; Sykuta, Michael E.; Fulcher, Christopher L..
The grain/oilseed industry is undergoing considerable structural change through mergers and new value-added businesses, which raises price-related questions. We analyze the level of price integration prior to and following a merger between two grain firms and the start-up of a producer-owned ethanol facility. This research utilizes error correction vector autoregression analysis to compute market integration structural change effects. We find evidence that market integration initially increases with the merger, but deteriorates with time following the merger. We find no significant localized change in the level of price integration for the case of a new value-added business.
Tipo: Journal Article Palavras-chave: Consolidation; Structural change; Price integration; Agribusiness; Industrial Organization.
Ano: 2005 URL: http://purl.umn.edu/10243
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MULTIPLE-OBJECTIVE DECISION MAKING FOR AGROECOSYSTEM MANAGEMENT AgEcon
Prato, Anthony A.; Fulcher, Christopher L.; Wu, Shunxiang; Ma, Jian.
Multiple-objective decision making (MODEM) provides an effective framework for integrated resource assessment of agroecosystems. Two elements of integrated assessment are discussed and illustrated: (1) adding noneconomic objectives as constraints in an optimization problem; and (2) evaluating tradeoffs among competing objectives using the efficiency frontier for objectives. These elements are illustrated for a crop farm and watershed in northern Missouri. An interactive, spatial decision support system (ISDSS) makes the MODEM framework accessible to unsophisticated users. A conceptual ISDSS is presented that assesses the socioeconomic, environmental, and ecological consequences of alternative management plans for reducing soil erosion and nonpoint...
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 1996 URL: http://purl.umn.edu/31409
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