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| Registros recuperados: 22 | |
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| Love, H. Alan; Burton, Diana M.. |
| Partial backward integration is prevalent in many agricultural and natural resource processing industries. A strategic rationale for partial backward integration is developed for a dominant firm with a competitive fringe purchasing from competitive input suppliers. A partially backward integrated dominant firm potentially can increase profit through production efficiency gains and through a lower price for externally purchasing input. The optimal degree of backward integration results when the dominant firm's profit from exerting monopsony market power in the external spot market equals its profit from producing raw input internally, less the incremental cost of acquiring internal raw input production capacity. Comparative statics results are consistent... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1999 |
URL: http://purl.umn.edu/30868 |
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| Rubas, Debra J.; Mjelde, James W.; Love, H. Alan. |
| Previous climate information studies have used static models to estimate the benefits of using seasonal forecasts. Technology adoption studies, on the other hand, have used dynamic models but have examined the benefits of adoption ex post. The objective of this study is to examine ex ante the effects of climate forecast adoption on the international wheat market over time. Two general sets of scenarios are analyzed. The first set assumes all wheat-producers within a country or set of countries adopt the forecasts, while producers in the remaining country (ies) do not. Next, producers adopt sequentially over time based on S-shaped adoption curves, whose rates vary by country. Welfare implications are examined and compared in the different scenarios.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/22160 |
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| Burton, Diana M.; Love, H. Alan. |
| Price expectations play a critical role in commodity markets where producers must make input decisions well before output is realized. This paper brings together alternative expectations regimes, their estimation, and hypothesis tests for use in structural commodity models to determine their use by commodity producers. Extrapolative mechanisms and rational expectations are considered under risk neutrality and risk aversion. The assumptions implicit in the use of aggregate data in these models are made explicit. Structural models using individual survey data are discussed. While Muth's rational expectations hypothesis has found widespread acceptance in the macroeconomic literature, empirical results from industry studies indicate that commodity... |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1996 |
URL: http://purl.umn.edu/31417 |
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| Love, H. Alan; Capps, Oral, Jr.; Williams, Gary W.. |
| We empirically investigate the effects of beef packer concentration and size efficiencies, packer procurement and pricing methods, and other market variables and quality characteristics on the prices paid by packers for slaughter cattle. We find that packers pay less for fed cattle in more concentrated regions. However, we find that concentration is only one of numerous market factors determining fed cattle prices and less important than many. Quality variables controlled by sellers, like cattle type, are more important in determining the price paid by packers than packer concentration, size economies, procurement methods, or other variables outside seller control. |
| Tipo: Report |
Palavras-chave: Cattle Pricing; Beef Packing; Slaughter Cattle; Cattle; Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 2009 |
URL: http://purl.umn.edu/90493 |
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| Burton, Diana M.; Love, H. Alan. |
| In processing industries, plant location decisions are costly and have consequences for firm profitability. When raw materials are heavy or perishable, transportation costs limit shipping distances and processors must compete locally for raw material inputs. To determine the likely profitability of a new plant, a processor must forecast the effect entry will have on local post-entry raw material price. This requires anticipating how entry will affect market structure and intensify competition for raw materials. Using an econometric representation of game-theoretic Nash equilibria relating input prices to processor competition in local procurement areas, an empirical model is developed to ex ante forecast the likely impact of entry on input price. The... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Input price; Entry; Agribusiness; Industrial Organization; Livestock Production/Industries. |
| Ano: 2011 |
URL: http://purl.umn.edu/103323 |
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| Pittman, Grant; Love, H. Alan. |
| This article provides an analysis of the two-stage game between manufacturers and retailers. Response functions showing how prices are set are derived for the case of a manufacturer producing one and multiple goods and for a retailer selling multiple goods. The functions are expressed in terms of elasticities, budget shares, and variable production costs. An application using ready-to-eat cereals is conducted to investigate the pricing structure and ownership of private label cereals. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2004 |
URL: http://purl.umn.edu/20193 |
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| Williams, Gary W.; Shumway, C. Richard; Love, H. Alan. |
| U.S. soybean producers have been cooperatively investing in both production research and demand promotion for nearly four decades to enhance the profitability and international competitiveness of their industry. Have producers benefitted from their contributions to soybean checkoff program activities over the years? How has the return to investments in soybean production research compared to that of soybean demand promotion investments? The overall positive returns to producers over the study period resulted primarily from promotion activities. Production research contributed negatively to overall producer returns from soybean checkoff investments. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2002 |
URL: http://purl.umn.edu/31478 |
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| Park, Moon-Soo; Love, H. Alan; Jin, Yanhong H.. |
| We use a game-theoretical framework to analyze the coexistence of spot and contract markets in the cattle industry. A duopsony scenario with two packers and N feeders is used to reflect the reality in the cattle industry. Our main contribution is to incorporate the risk components and the pricing of hedonic attributes of cattle quality. Our preliminary results show that packers have an incentive to transform bidding strategies in spot markets when a series of hedonic characteristics play some significant roles in establishing cattle prices in contract market. That is, we will show that the effectiveness of contract with TOMP clauses on packer competition in a spot market depends on whether there is a correlation between spot price and hedonic... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/21356 |
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| Lim, Hongil; Shumway, C. Richard; Love, H. Alan. |
| Soybean producers participate in a checkoff program to support research and market development activities. Checkoff funds are used for both yield-enhancing and cost-reducing production research. Using USDA cost-of-production data and a regional modeling framework with greater model pretest support than several alternatives, national marginal returns to producers are estimated to higher for checkoff-supported research than for publicly supported soybean research. They are also higher for checkoff cost reducing than for checkoff yield-enhancing research. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/30836 |
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| Capps, Oral, Jr.; Love, H. Alan; Williams, Gary W.; Adams, Wendi L.. |
| Using daily fed cattle purchase transaction records collected by the Packers and Stockyards Programs over the period April 1992 to April 1993, we identify characteristics associated with the choices of fed cattle procurement and pricing methods. The methodology involves the use of a multinomial logit model. Regional concentration; processing capacity; number of head per lot; average weight per head; cattle type; yield grade, quarterly grade, seasonality, and distance from packing plants play a significant role in determining the methods of procurement and pricing chosen by packers. The method chosen by packers to procure fed cattle also affects the choice of a given pricing method. |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 1999 |
URL: http://purl.umn.edu/31491 |
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| Love, H. Alan; Foster, William E.. |
| Slippage rates for corn and wheat are estimated using a simultaneous system explaining per-acre yields, input usage, technical change, and levels of participation in government programs. Soybeans are included due to cross-compliance requirements and because they substitute for corn in production. Slippage rates for wheat are in the range of 29-37% and for corn in the range of 48-58%. The results imply that efficient design of commodity programs must account for the slippage of aggregate yields due to changes in land quality and the use of constrained resources over fewer acres. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1990 |
URL: http://purl.umn.edu/32068 |
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| Registros recuperados: 22 | |
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