|
|
|
| Registros recuperados: 14 | |
|
|
| Russo, Carlo; Weatherspoon, Dave D.; Peterson, H. Christopher; Sabbatini, Massimo. |
| Excessive leverage is one of the most important problems facing Italian agricultural cooperatives as the competition in the EU intensifies. An empirical study of 500 agricultural cooperatives supports the hypothesis that cooperatives characterized as having "powerful managers" have a capital structure that is significantly different from the "nonpowerful manager" cooperatives. Powerful manager cooperatives were less leveraged and had a long term strategy that focused on minimizing financial risk by increasing their equity/asset ratio. The result of this strategy is an increased probability of long term international competitiveness. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2000 |
URL: http://purl.umn.edu/34565 |
| |
|
|
| Russo, Carlo; Cardillo, Concetta; Perito, Maria Angela. |
| In this paper, the case of the Italian fruit-drink industry is presented to discuss the strategic issues of product-innovation in imperfectly competitive markets. In particular, three main topics are addressed: the incentives to the adoption of innovation-based strategies, R&D investments in imperfectly competitive markets and the role of vertical coordination. To address the topics, a brief description of the industry, a game-theory conceptual framework and a strategic analysis of the marketing channels are proposed. The major conclusions can be summarized as follows: (i) product-innovation strategies are the result of an evaluation of the option value of the R&D investments, the risk of failure and competitors' strategies (ii) demand pull only... |
| Tipo: Journal Article |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2003 |
URL: http://purl.umn.edu/34298 |
| |
|
|
| Russo, Carlo; Perito, Maria Angela; Di Fonzo, Antonella. |
| Large retail chains have spent considerable resources to promote production protocols and traceability across the supply chain, aiming at increasing food safety. Yet, the majority of consumers are unaware of these private food safety standards (PFSS) and retailers are not informing them. This behavior denotes a pooling paradox: supermarkets spend a large amount of money for food safety and yet they forget to inform consumers. The result is a pooling equilibrium where consumers cannot discriminate among high quality and low quality products and supermarkets give up the potential price premium. This paper provides an economic explanation for the paradox using a contract-theory model. We found that PFSS implementation may be rational even if consumers have no... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness; Food Consumption/Nutrition/Food Safety. |
| Ano: 2011 |
URL: http://purl.umn.edu/115987 |
| |
|
|
| Russo, Carlo; Sabbatini, Massimo. |
| Recent studies have questioned the competitiveness of agricultural cooperatives in an industrialized food system, based on empirical results and economic theory. New organizational institutions have been proposed to overcome the cooperative main weaknesses (the so called new generation cooperatives). In this paper, we provide a simple model based on a financial approach to address the issue of cooperative competitiveness and to assess the investment efficiency of both traditional and new generation cooperatives. The main conclusions of the analysis are: i) cooperatives (both traditional and new generation ones) may have incentive to adopt projects that do not maximize the Net Present Value of the firm ii) the institutions of new generation cooperatives are... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural cooperatives; Investment efficiency; Agribusiness; Agricultural Finance; Q13; Q14. |
| Ano: 2005 |
URL: http://purl.umn.edu/24455 |
| |
|
|
| Russo, Carlo; Yavapolkul, Navin; Zetland, David. |
| Our non-representative sample of 245 undergraduates had significantly lower scores on questions presented in the standard heterogeneous form (i.e., Direct Demand equation and Inverse Demand graph) than on questions presented in non-standard homogenous forms. This result, which holds for advanced students, highlights one reason why 95 percent of students in economics principles classes do not enter the major---economics can be gratuitously mathematical. We argue that the Inverse Demand standard hurts rather than helps economics when it is used in early courses, but that professors have no incentive to change their methods. We recommend that early classes use either no graphs or a homogenous combination of graph and equation. The standard should be... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/36295 |
| |
|
| |
|
|
| Russo, Carlo; Sabbatini, Massimo. |
| We use original data to assess if the current incentives to farmer turnover may help the competitiveness of small farms in the Lazio Region (central Italy). Our results show that substantial changes in the policy may be needed. The paper analyzes sharp declining trend in small farm number, discusses its causes and evaluates the policies that have been adopted to stop or slow down this downfall. The regional policy makers consider the ageing of the farmers is a key determinant of the decline of small farms. Consequently, they have designed an incentive policy to generational turnover mainly based on installation payments. Given our empirical findings we conclude that this policy may fail to achieve the stated objectives. Firstly, farms that had a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Generational turnover in Agriculture; Installation payments; Agricultural and Food Policy; Q10; Q18. |
| Ano: 2009 |
URL: http://purl.umn.edu/52843 |
| |
|
| |
|
|
| Russo, Carlo. |
| Despite the increasing importance of market power in the food industry, most policy models assume perfect competition. Ignoring market power may lead economists to make incorrect, or at least misleading, policy recommendations. In this paper I develop a theoretical model in which market power can alter conclusions regarding the welfare effects of a specific policy change: replacing deficiency payments with decoupled payments to farmers, and apply it to the U.S. wheat market and milling industry. The main conclusions of the theoretical model are that, middlemens market power may cause i) an increase in public expenditure, ii) an extraction of policy rents from the taxpayers by the middlemen, and iii) a reduction of the social benefit from decoupling... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Decoupling; Deficiency Payments; Market Power; Financial Economics; Q18; L13. |
| Ano: 2007 |
URL: http://purl.umn.edu/9767 |
| |
|
|
| Russo, Carlo; Sabbatini, Massimo. |
| In this paper, equity management practices of Italian agricultural cooperatives are described and discussed. Financial statements of 1.483 cooperatives are analyzed in order to provide empirical support to the study. Data confirm cooperative undercapitalization and disclose the existence of diversity in equity management practices even within the same business sector. Thus, in order to highlight the relations between cooperative market strategies and equity management practices a cluster analysis is proposed. Seven main strategic approaches for Italian cooperatives are identified and the emerging equity management practices are discussed. The empirical analysis supports the conclusion that a large number of Italian are implementing "perverse" approaches,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2002 |
URL: http://purl.umn.edu/24802 |
| |
|
| |
|
|
| Russo, Carlo; Weatherspoon, Dave D.; Peterson, H. Christopher. |
| The European food system is undergoing significant change driven both by global competitive forces and local conditions. Market globalization and technological innovation are interacting with the reform of EU's agricultural policies (CAP) and a renewed interest by the European society in the social and environmental functions of agriculture. These factors have created a new and challenging economic environment both for farmers and the food industry across Europe (Tarditi, 1997). |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness. |
| Ano: 2000 |
URL: http://purl.umn.edu/11585 |
| |
|
| |
|
|
| Russo, Carlo; Weatherspoon, Dave D.; Peterson, H. Christopher. |
| The paper presents an analysis of cooperative investment decision based on the coalition theoretical framework (Staatz 1983, 1987, 1989). According to this framework, cooperatives can be considered as coalitions of groups with different interests. The behavior of any cooperative is determined by the interaction of its many groups (different types of farmers, managers, lenders, input suppliers, buyers, etc.) with different objectives. The group that can impose its will on the coalition will determine the cooperative's strategy. The other parties may accept this leadership, leave the cooperative or try to use their bargaining power to modify the final outcome. The paper discusses the impact of group bargaining on cooperatives' decision process. In... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Agricultural Finance. |
| Ano: 2000 |
URL: http://purl.umn.edu/11719 |
| |
| Registros recuperados: 14 | |
|
|
|
