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| Moro, Daniele; Nardella, Michele; Sckokai, Paolo. |
| This paper evaluates the distribution of short- and long-run marginal costs and quota rents across the EU-15 milk producers, by estimating a system of cost and input share equations on a panel data of dairy farms from 1996 to 2001. Regional and geographical location and the size of milk operations have been considered as the major factors affecting marginal costs. The results on quota rents highlights that Italian and Greek dairy farmers receive the highest economic rent (260 €/ton), while in Portugal the lowest (101 €/Kg) at least in the short-run. This is an indication that Italian and Greek milk supply would be the least 'sensitive' to a reduction in the intervention price. Several countries show negative long-run quota rents, indicating that in the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Dairy; Quota rents; Marginal costs; Livestock Production/Industries; C21; Q13; Q18. |
| Ano: 2005 |
URL: http://purl.umn.edu/24615 |
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| Nardella, Michele. |
| In recent years a number of market participants called into question the efficiency of the price discovery mechanism in commodity futures markets. They believe that speculators move commodity futures markets away from their fundamentals by distorting prices and exacerbating volatility. The smoking gun of these allegations is the empirical observation that speculative buying (selling) precedes movements in the cocoa futures markets. Among soft commodities, the cocoa futures market represents an interesting case study. In the last decades, speculators open interest is increased by nearly 4 times, fuelling the apprehension of practitioners and market analysts. This paper evaluates the efficiency of the price discovery mechanism in cocoa futures markets.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Futures markets; Efficient market hypothesis; Speculation; Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/7970 |
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| Nardella, Michele; Boccaletti, Stefano. |
| Controversial aspects exist in the current debate on the application of Non Tariff Measures (NTMs) on agro-food trade. This study intends to offer an evaluation of the trade impact of both non-technical and technical NTMs on the US-EU bilateral trade, the two major players in WTO negotiations. The results show two main structural differences between the EU and US borders: technical NTMs are preferred in the US, while in the EU the opposite is true; agro-food imports in the US face a number of NTMs more than double that of the EU. Gravity model estimates confirm the negative impact of NTMs on trade. However, safety technical requirements seem to have a positive effect on trade, probably as a consequence of lower transaction, monitoring and enforcing costs. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2003 |
URL: http://purl.umn.edu/22012 |
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| Boccaletti, Stefano; Nardella, Michele. |
| The results and analysis of a survey of Italian consumers' willingness to pay (WTP) for pesticide-free fresh fruit and vegetables are presented. A consumer survey regarding WTP for organic produce was conducted in three large grocery stores in Northern Italy. From the collected data, an ordered logit analysis was constructed to identify the impacts of relevant explanatory variables on the probability of consumers' WTP for different price premiums for the produce. The results indicate that WTP is significantly and positively related to income and risk concern and negatively related to education. |
| Tipo: Journal Article |
Palavras-chave: Food Consumption/Nutrition/Food Safety. |
| Ano: 2000 |
URL: http://purl.umn.edu/34487 |
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| Nardella, Michele; Boccaletti, Stefano. |
| The aim of this study is to evaluate the impact of non-tariff measures (NTM) on NAFTA agro-food trade comparing the measures implemented at the borders of participating countries, Canada, United States and Mexico, and evaluating the impact of those NTM still implemented within the NAFTA area on agro-food market integration by estimating different gravity models for the agro-food industry as a whole and for particularly relevant product categories. The overall results from the gravity model offer a measure of the impact of the different types of technical provisions and of the different degree of application of the same measure, on the agro-food trade in the NAFTA area. The picture emerging from the estimates is quite complex: overall, a net trade creation... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2005 |
URL: http://purl.umn.edu/19347 |
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| Nardella, Michele; Boccaletti, Stefano. |
| Aim of the paper is to appraise the impact of EU and US non tariff measures on agro-food exports from African, Asian and South-American developing countries. After an inventory description of these measures, a gravity model is estimated. The results offer a measure of the impact of the different type of technical (i.e. labeling and standard requirement for both safety and non safety matters) and non-technical (i.e. import licensing and authorization requirements) provisions and of the different degree of application of the same measures, on the agro-food export from developing countries. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2004 |
URL: http://purl.umn.edu/20105 |
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