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| Registros recuperados: 10 | |
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| Henning, Christian H.C.A.; Henningsen, Arne. |
| In the paper a flexible FHM approach is estimated to model price responses of farm households under imperfect labor markets. In contrast to former studies the model explicitly incorporates simultaneously fixed and variable transaction costs as well as heterogeneity. Main results are: (i) In the general approach non-separability not only occurs if households are autarkic, but also when households participate in labor markets. (ii) Under imperfect labor markets, price responses are ambiguous and differ for the non-separable and separable model. However, econometric analysis indicates only moderate differences between the two models except for crop production for which an inverse supply response is estimated. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm household model; Labor market; Market imperfection; Farm Management. |
| Ano: 2005 |
URL: http://purl.umn.edu/24431 |
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| Henning, Christian H.C.A.; Henningsen, Geraldine; Henningsen, Arne. |
| Based on the well-known fact that social networks can provide effective mechanisms that help to increase the trust level between two trade partners, we apply a simple game-theoretical framework to derive transaction costs as a high risk of opportunistic behavior in a repeated trade relation determined by the density and size of trading networks. In the empirical part of the paper we apply a two stage procedure to estimate the impact of social network structures on farm’s transaction costs observed for different input and output markets. At a first stage we estimate a multiple input-multiple output stochastic Ray production function to generate relative shadow prices of three inputs and two outputs traded by farms. At a second stage a structural equation... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/114549 |
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| Czekaj, Tomasz; Henningsen, Arne. |
| Econometric estimation of production functions is one of the most common methods in applied economic production analysis. These studies usually apply parametric estimation techniques, which obligate the researcher to specify the functional form of the production function. Most often, the Cobb-Douglas or the Translog production function is used. However, the specification of a functional form for the production function involves the risk of specifying a functional form that is not similar to the “true” relationship between the inputs and the output. This misspecification might result in biased estimation results—including measures that are of interest of applied economists, such as elasticities. Therefore, we propose to use nonparametric econometric... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2011 |
URL: http://purl.umn.edu/114280 |
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| Burrell, Alison M.; Henningsen, Arne. |
| We use econometric methods to investigate consumer demand for bananas and for other fruit in Germany. Monthly household survey data for the period 1986-1998 are analysed. Demand for bananas is significantly responsive to own price, suggesting that policy-induced price increases generate the usual dead-weight losses. Demand is also responsive to income changes, indicating that there is scope for further market expansion as incomes grow. There is evidence that other categories of fruit are both gross and net substitutes for bananas. |
| Tipo: Journal Article |
Palavras-chave: Bananas; Fruit; Dynamic demand system; Germany; Demand and Price Analysis. |
| Ano: 2001 |
URL: http://purl.umn.edu/98885 |
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| Henningsen, Arne; Glauben, Thomas; Henning, Christian H.C.A.. |
| The study is devoted to the comparative static analysis and econometric estimation of farm household decisions under both standard and agricultural taxes. Accounting for labor market constraints a non-separable model is constructed implying increasing per-unit costs of accessing labor markets. To control for tax-induced adjustments related to labor market imperfections we compare the results to those derived from a separable approach, assuming perfect labor markets. Theoretical results suggest that most tax-induced responses are ambivalent mainly caused by shadow prices effects. Further, tax-induced effects differ between the two model versions. In particular standard taxes may imply production adjustments in the case of non-separability. Thus, income and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance; Consumer/Household Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/25889 |
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| Henningsen, Geraldine; Henningsen, Arne; Henning, Christian H.C.A.. |
| All business transactions as well as achieving innovations take up resources, subsumed under the concept of transaction costs (TAC). One of the major factors in TAC theory is information. Information networks can catalyse the interpersonal information exchange and hence, increase the access to nonpublic information. Our analysis shows that information networks have an impact on the level of TAC. Many resources that are sacrificed for TAC are inputs that also enter the technical production process. As most production data do not separate between these two usages of inputs, high transaction costs are unveiled by reduced productivity. A cross-validated local linear non-parametric regression shows that good information networks increase the productivity of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/114547 |
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| Registros recuperados: 10 | |
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