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Phase Space Reconstruction and Nonlinear Equilibrium Dynamics in the United States Beef Market AgEcon
McCullough, Michael; Marsh, Thomas L.; Huffaker, Ray G..
This paper investigates dynamic interactions in the US beef market using phase space reconstruction, which has been developed to analyze nonlinear dynamical systems. This approach provides important and unique empirical insights into consumers’ behavior in the beef market. Our results from a phase space reconstruction analysis demonstrate distinct differences between intertemporal short run impacts from food safety outbreaks (e.g., E. Coli) and longer run health effects (e.g., cholesterol). Adjustments due to factors such as cholesterol are permanent changes and do not affect the manner by which people consume, while consumers react to food safety scares by adjusting consumption for a short period of time and then returning to their normal steady state...
Tipo: Conference Paper or Presentation Palavras-chave: Nonlinear time series; Phase space reconstruction; Food safety; Health effects; Livestock Production/Industries; Marketing.
Ano: 2007 URL: http://purl.umn.edu/9830
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Coordinating on Reducing Advertising: Carbonated Soft Drinks Industry and Combating Obesity AgEcon
Berning, Joshua P.; McCullough, Michael.
Replaced with revised version of paper 06/08/11.
Tipo: Conference Paper or Presentation Palavras-chave: Television advertising; Carbonated soft drink; Oligopoly advertising; Pulse advertising; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; Industrial Organization; Marketing; I18; L13; M37.
Ano: 2011 URL: http://purl.umn.edu/103594
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Economic and Environmental Impacts of Washington State Biofuel Policy Alternatives AgEcon
McCullough, Michael; Holland, David W.; Painter, Kathleen M.; Stodick, Leroy; Yoder, Jonathan K..
A computable general equilibrium model is used to analyze the effectiveness of policy alternatives at achieving biofuel-related goals in Washington State. Policy regimes compared include blend mandates, generally funded volumetric and CO2e (CO2 equivalent) emissions-based tax/subsidy regimes, and revenue-neutral funded tax/subsidy regimes that use fossil fuel taxes to fund renewable fuel subsidies. Results suggest that a revenue-neutral CO2e emissions-based tax/subsidy is arguably the most effective single alternative for pursuing the full set of objectives emphasized in recent Washington State legislation.
Tipo: Article Palavras-chave: Biodiesel; Biofuel policy; Computable general equilibrium; CO2 equivalent emissions; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/119183
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