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Welfare distribution and poverty in Uganda, 1992 to 2000 AgEcon
Okidi, John A.; Okwi, Paul O.; Ddumba-Ssentamu, John.
This study covers a period of far-reaching economic reform policies and programs in Uganda. Measures of inequality and stochastic dominance analysis are applied to a series of regionally representatives national household surveys data to shed light on the patterns of inter-temporal changes in levels and distribution of welfare in Uganda. Stochastic dominance analysis of welfare distribution reveals that Ugandan households were better off in 2000 and 1997 than in 1992 irrespective of the choice of a poverty line. Using a sub-regional panel data set that was constructed on the basis of rural/urban categorization we estimate elasticities of poverty with respect to growth to illustrate that deliberate policies focusing on welfare distribution would...
Tipo: Report Palavras-chave: Uganda; Inequality; Stochastic dominance; Poverty reduction; Poverty elasticities; Okidi; EPRC; Consumer/Household Economics; Financial Economics; Institutional and Behavioral Economics; Labor and Human Capital; Livestock Production/Industries; Political Economy; Public Economics; Research Methods/ Statistical Methods.
Ano: 2003 URL: http://purl.umn.edu/93853
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PRODUCTION RISK AND CROP INSURANCE IN MALTING BARLEY: A STOCHASTIC DOMINANCE ANALYSIS AgEcon
Wilson, William W.; Gustafson, Cole R.; Dahl, Bruce L..
Malt barley is an important specialty crop in the Northern Plains and growers mitigate risk with federally subsidized crop insurance and production contracts. However, growers face considerable risk due to "coverage gaps" in crop insurance that result in uncertain indemnity payments due to uncertainty of their crop meeting contract specifications. A stochastic dominance model is developed to evaluate alternative risk efficient strategies for growers with differing risk attitudes and production practices (irrigation vs. dryland). Results show that efficient choices are highly dependent on risk attitudes for dryland growers, but not irrigated growers. Sensitivities with respect to acceptance risk and level of crop insurance subsidization are presented....
Tipo: Working or Discussion Paper Palavras-chave: Crop insurance; Malting barley; Stochastic dominance; Stochastic efficiency; Crop Production/Industries; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/23561
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Impact of Soil Conservation on Crop Production in the Northern Ethiopian Highlands AgEcon
Kassie, Menale; Pender, John L.; Yesuf, Mahmud; Kohlin, Gunnar; Bluffstone, Randall; Mulugeta, Elias.
Land degradation, in the form of soil erosion and nutrient depletion, threatens food security and the sustainability of agricultural production in many developing countries. Governments and development agencies have invested substantial resources in promoting soil conservation practices, in an effort to improve environmental conditions and reduce poverty. However, very limited rigorous empirical work has examined the economics of adopting soil conservation technology. This paper investigates the impact of stone bunds1 on crop production value per hectare in low and high rainfall areas of the Ethiopian highlands using cross-sectional data from more than 900 households having multiple plots per household. We use modified random effects models, stochastic...
Tipo: Working or Discussion Paper Palavras-chave: Ethiopia; Soil conservation; Crop production; Agro-ecology; Matching method; Stochastic dominance; Modified random effects model; Crop Production/Industries; Land Economics/Use.
Ano: 2007 URL: http://purl.umn.edu/42366
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Do Income Constraints Inhibit Spending on Fruits and Vegetables Among Low-Income Households? AgEcon
Stewart, Hayden; Blisard, Noel; Jolliffe, Dean.
This study assesses whether income constraints inhibit spending on fruits and vegetables among low-income households. If this is the case, then it is hypothesized that the distribution of expenditures on fruits and vegetables by low-income households should be stochastically dominated by the distribution of expenditures on these same food items by other households. Moreover, it must be the case that low-income households would increase their spending on fruits and vegetables in response to an increase in their income. Using household data from the 2000 Consumer Expenditure Survey, a test of stochastic dominance is performed. Censored quantile regressions are also estimated at selected points of the conditional expenditure distribution. Low income...
Tipo: Journal Article Palavras-chave: Censored least absolute deviations; Consumption; Fruits and vegetables; Low-income households; Nutrition; Sample design; Stochastic dominance; Consumer/Household Economics.
Ano: 2003 URL: http://purl.umn.edu/31064
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The Effects of Weather and Output Price Risk on the Economic Returns of Backgrounding Feeding Cattle AgEcon
Harrison, R. Wes.
Stochastic simulation is used to analyze the effects of weather and output price risks on feeder cattle backgrounding systems common to the mid-south region of the United States. The results show that backgrounding systems beginning in the fall and ending from April to late August are associated with higher expected returns relative to summer backgrounding. However, winter backgrounding is associated with greater overall risk relative to summer backgrounding. Stochastic dominance analysis indicated that slightly risk averse backgrounders prefer both winter and summer baskgrounding but summer backgrounding is preferred by strongly risk averse decision makers.
Tipo: Journal Article Palavras-chave: Feeder cattle; Weather risk; Price risk; Stochastic dominance; Agribusiness; Livestock Production/Industries; Productivity Analysis.
Ano: 1997 URL: http://purl.umn.edu/90425
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IST EINE REDUZIERUNG DES PFLANZENSCHUTZMITTELEINSATZES IM FREILANDGEMÜSEBAU MÖGLICH? ERGEBNISSE EINES BIOÖKONOMISCHEN SIMULATIONSMODELLS AgEcon
Dirksmeyer, Walter.
In field vegetable production pesticide a levels are very high although pest control technologies are known, which require much less pesticides than the commonly applied control technologies. A stochastic bio-economic simulation model is used to determine the net return derived from the application of different pest control technologies in carrot, leek and onion production. Following the concept of stochastic dominance efficient technologies can be identified. Results reveal that it is possible to reduce pesticide use levels in field vegetable production if alternative control technologies are applied. This is possible without losses in net return on farm level and without increasing risk of field vegetable production. Der Einsatz von...
Tipo: Conference Paper or Presentation Palavras-chave: Pflanzenschutz; Gemüsebau; Stochastische Simulation; Stochastische Dominanz; Pest control vegetable production; Bio-economic simulation; Monte Carlo simulation; Stochastic dominance; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/7592
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Export Performance in South Pacific Countries Comparatively Well Endowed with Natural Resources: Solomon Islands and Vanuatu, 1960 to 1999 AgEcon
Fleming, Euan M.; Blowes, Anita.
Stochastic dominance analysis was used to assess export performance in two Melanesian countries of similar size and structure that are comparatively well endowed with natural resources: Solomon Islands and Vanuatu. Total export values increased over the study period in Solomon Islands, brought about by a significant increase in the value of non-agricultural resource exports. Agricultural exports showed small increases but the average annual rate of growth was only 1.3 per cent for agricultural export values compared with 10.7 per cent in non-agricultural export values. The record of commodity export performance in Vanuatu over the study period was less impressive, with a small average annual decline in total export values. This decline was caused by...
Tipo: Working or Discussion Paper Palavras-chave: Export performance; Stochastic dominance; Solomon Islands; Vanuatu; International Relations/Trade.
Ano: 2003 URL: http://purl.umn.edu/12937
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Conservation Payments under Risk: A Stochastic Dominance Approach AgEcon
Benitez, Pablo C.; Kuosmanen, Timo; Olschewski, Roland; van Kooten, G. Cornelis.
Updated version of REPA Working Paper 2004-05.
Tipo: Working or Discussion Paper Palavras-chave: Agroforest systems; Conservation payments; Land allocation; Portfolio diversification; Risk; Stochastic dominance; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; C73; O54; Q23; Q57; R14.
Ano: 2005 URL: http://purl.umn.edu/37024
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DO ANTIBIOTICS REDUCE PRODUCTION RISK FOR U.S. PORK PRODUCERS? AgEcon
Liu, Xuanli; Miller, Gay Y.; McNamara, Paul E..
Production risk from live weight variation of market pigs has become a more important concern in U.S. swine production. Packers are concerned about the variation in carcass size because of the demand for standardized cuts and the use of automation in the slaughter process. Swine producers care about standardized pigs because of revenue implications and possible links to animal health and productivity. Pig size variation can be due to various condition and inputs including antibiotics. However, discussions on risk reduction from antibiotic use have generally not been considered. Our work extends previous studies by systematically examining the aspects of production risk reduction and highlights the potential results of banning antibiotics from a risk...
Tipo: Conference Paper or Presentation Palavras-chave: Production risk; Antibiotics; Swine; Utility; Stochastic dominance; Livestock Production/Industries; Risk and Uncertainty; Q10; Q12; Q14..
Ano: 2003 URL: http://purl.umn.edu/22026
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NITROGEN-FIXING WINTER COVER CROPS AND PRODUCTION RISK: A CASE STUDY FOR NO-TILLAGE CORN AgEcon
Larson, James A.; Roberts, Roland K.; Tyler, Donald D.; Duck, Bob N.; Slinsky, Stephen P..
Winter legumes can substitute for applied nitrogen fertilization of corn. Stochastic dominance was used to order net revenues from legume and applied nitrogen alternatives. Stochastic dominance orderings indicate that systems combining vetch with low applied nitrogen fertilization (50 and 100 pounds/acre, respectively) were risk inefficient. By contrast, vetch and 150 pounds/acre applied nitrogen maximized expected net revenue and was risk efficient for a wide range of risk-averse and risk-seeking behavior. Farmers with these risk attitudes may not reduce applied nitrogen if they switch to a vetch cover. Extremely risk-averse or risk-seeking farmers would not prefer winter legumes.
Tipo: Journal Article Palavras-chave: Legume winter crops; Nitrogen; Risk premiums; Stochastic dominance; Crop Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/15098
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RISK PREFERENCES AND CONTRACTING IN THE U.S. HOG INDUSTRY AgEcon
Johnson, C. Scott; Foster, Kenneth A..
Much of the increase use of vertical coordination in the U.S. swine industry has taken place through contract production. While the incidence of contracting is much higher in nontraditional hog production areas, a growing number of Midwestern producers are being faced with contract options. A variety of contractual arrangements are available through feed companies, integrators, genetics firms, and packers. However, little is known about the profitability and risk characteristics of these alternatives. This research suggests that risk neutral producers in the Midwest would prefer independent production, and risk averse producers would prefer to choose among the various types of coordination arrangements.
Tipo: Journal Article Palavras-chave: Stochastic dominance; Risk; Contract production; Swine; Livestock Production/Industries.
Ano: 1994 URL: http://purl.umn.edu/15166
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Factor Input Demand Subject to Economic and Environmental Risk: The Case of Nitrogen Fertilizer in Corn Production AgEcon
Carriker, Gordon L..
Nitrogen (N) fertilizer demand in relation to economic and environmental risks associated with N-fertilizer management are examined. Both nominal and environmental damage-adjusted net returns distributions are evaluated using stochastic dominance analysis. Results suggest that, in the absence of environmental risk, N demand becomes more elastic as farmers become more risk averse. When environmental risk is introduced to the decision-making process, N demand becomes even more elastic.
Tipo: Working or Discussion Paper Palavras-chave: Environmental damage; Factor input demand; Nitrogen fertilizer management; Risk; Stochastic dominance; Crop Production/Industries; Environmental Economics and Policy.
Ano: 1993 URL: http://purl.umn.edu/118154
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Feasible Fumigant-Herbicide System Alternatives to Methyl Bromide for Bell Pepper Producers AgEcon
Byrd, Mark M.; Escalante, Cesar L.; Fonsah, Esendugue Greg; Wetzstein, Michael E..
With the current methyl bromide (MeBr) system for producing Georgia’s peppers being phased out, alternative fumigant and herbicide systems for producers are analyzed. Using stochastic dominance analyses, two alternatives exceeding MeBr’s yield and financial efficiency were identified. A programming model, incorporating simulation-optimization techniques, generated optimal production and financial plans. Results indicate potential economic viability under alternative systems vis-à-vis the traditional MeBr production system. The Telone II and Chloropicrin combination with Metham potassium may offer a viable substitute for MeBr.
Tipo: Journal Article Palavras-chave: Fumigant; Herbicide; Methyl bromide; Multi-period programming; Optimization; Simulation; Stochastic dominance; Agribusiness; Crop Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/62283
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Grower Response to Contracts and Risk in Genetically Modified (GM) Crops AgEcon
Wilson, William W.; Dahl, Bruce L.; Maxwell, Brett J..
Contract strategies can resolve some of the challenges that exist for property rights conformance of genetically modified (GM) crops. The purpose of this research is to determine how contract terms impact adoption decisions related to GM grain production and marketing. A simulation model was developed for prospective GM introduction in hard red spring (HRS) wheat, and distributions of net returns for growers were analyzed using stochastic dominance and stochastic efficiency. Results illustrate that contracts can be designed to induce desired behavior. Technology fees, probabilities of detection, and the level of non-GM premiums were the most notable factors influencing adoption decisions. In addition, point-of-delivery pricing and premiums for non-GM...
Tipo: Journal Article Palavras-chave: Adoption risk; GM crops; Incentives contracting; Stochastic dominance; Crop Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/8593
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Do Antibiotics Reduce Production Risk for U.S. Pork Producers? AgEcon
Liu, Xuanli; Miller, Gay Y.; McNamara, Paul E..
We combine econometric and financial analyses of the NAHMS 2000 Swine Survey data to examine whether evidence exists for reducing risk by using antibiotics for growth promotion (AGP) in the U.S. swine industry. A stochastic dominance analysis of alternative lengths of time (days) of AGP application reveals that AGP used in the range of 65—75 days is preferred by risk-averse producers. Risk is reduced and profits are increased from use of AGP. The combined impacts of increased average daily gain and decreased variability in pig live weight increase producer profits by $2.99 per pig marketed.
Tipo: Journal Article Palavras-chave: Antibiotics; Growth promotion; Pigs; Risk; Stochastic dominance; Variability; D21; D61; D81; Q12; R32.
Ano: 2005 URL: http://purl.umn.edu/42785
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Economic Comparisons of Alternative and Conventional Production Technologies for Eggplant in Southern Georgia AgEcon
Brunson, Kathryn E.; Stark, C. Robert, Jr.; Wetzstein, Michael E.; Phatak, Sharad C..
Environmental concerns about pesticide usage in traditional production systems are prompting vegetable producers to consider alternative systems. Research results from a multi-year study on eggplant in southern Georgia compare two alternative production technologies to the conventional rye cover crop technology. Alternative technologies utilize beneficial insect principles as substitutes for conventional pesticide controls. Using field data, eggplant production budgets are developed to generate net return estimates under each system. Cost reductions achieved by using alternative technologies are not sufficient to offset the reduced yields and returns generated from these technologies. Cash input requirements for alternative systems suggest potential for...
Tipo: Journal Article Palavras-chave: Alternative systems; Budgets; Eggplant; Expected value; Limited resource; Stochastic dominance; Agribusiness; Crop Production/Industries; Production Economics.
Ano: 1995 URL: http://purl.umn.edu/90373
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Export Performance in South Pacific Countries With Inadequate Endowments of Natural Resources: Cook Islands, Kiribati, Niue and Tuvalu, 1960 to 1999 AgEcon
Fleming, Euan M.; Blowes, Anita.
Stochastic dominance analysis was used to assess export performance in four South Pacific island countries with very limited natural resources: Cook Islands; Kiribati; Niue; and Tuvalu. Total export values declined significantly over the study period in all four countries, brought about by a significant decline in the value of agricultural exports while non-agricultural exports showed only small increases. Results seem to confirm the view that these countries have insufficient natural resource endowments for sustainable economic development without outside support. The fisheries sector holds the key to whether the economies under study (bar Niue) can transform themselves into productive ones by exploiting further the fishery resources within their EEZs...
Tipo: Working or Discussion Paper Palavras-chave: Export performance; Cook Islands; Kiribati; Niue; Stochastic dominance; Tuvalu; International Relations/Trade.
Ano: 2003 URL: http://purl.umn.edu/12948
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GO AHEAD, COUNT YOUR CHICKENS: CROSS-HEDGING STRATEGIES IN THE BROILER INDUSTRY AgEcon
Maynard, Leigh J.; Dillon, Carl R.; Carter, Joy.
Some suppliers of broilers without giblets (WOG) offer customers a choice between paying Urner Barry's WOG quote or a formula price based on futures prices. From a buyer's perspective, the formula price examined in this study is second-degree stochastic dominant. The formula price allows the seller to set perfect cross-hedges of WOGs with corn and soymeal. Stochastic dominance and mean variance results suggested that the seller's dominant strategy would shift from the Urner Barry quote to the hedged formula price as risk aversion increased. Input-based formula pricing may be usefully extended to other industries.
Tipo: Journal Article Palavras-chave: Broiler industry; Formula pricing; Hedging strategies; Mean-variance analysis; Stochastic dominance; Livestock Production/Industries; Marketing.
Ano: 2001 URL: http://purl.umn.edu/15295
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Export Performance in South Pacific Countries Marginally Endowed with Natural Resources: Samoa and Tonga, 1960 to 1999 AgEcon
Fleming, Euan M.; Blowes, Anita.
Stochastic dominance analysis was used to assess export performance in two Polynesian countries of similar size and structure that are both marginally endowed with natural resources: Samoa and Tonga. In general, total and agricultural export values declined over the study period in both countries, brought about by a significant decline in the value of agricultural exports while non- agricultural exports showed small increases. The one exception to this trend was in Tonga during the 1990s when squash exports brought about a revival in agricultural export values. Results suggest that these countries are likely to struggle to achieve sustainable economic development, given their limited natural resource endowments. The fisheries sector holds the key to...
Tipo: Working or Discussion Paper Palavras-chave: Export performance; Stochastic dominance; Samoa; Tonga; International Relations/Trade.
Ano: 2003 URL: http://purl.umn.edu/12942
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PRODUCTION RISK AND CROP INSURANCE IN MALTING BARLEY: A STOCHASTIC DOMINANCE ANALYSIS AgEcon
Gustafson, Cole R.; Wilson, William W.; Dahl, Bruce L..
Malt barley is an important specialty crop in the Northern Plains and growers mitigate risk with federally subsidized crop insurance and production contracts. However, growers face considerable risk due to "“coverage gaps"” in crop insurance that result in uncertain indemnity payments due to uncertainty of their crop meeting contract specifications. A stochastic dominance model is developed to evaluate alternative risk efficient strategies for growers with differing risk attitudes and production practices (irrigation vs. dryland). Results show that efficient choices are highly dependent on risk attitudes for dryland growers, but not irrigated growers. Sensitivities with respect to acceptance risk and level of crop insurance subsidization are presented....
Tipo: Conference Paper or Presentation Palavras-chave: Crop insurance; Malting barley; Stochastic dominance; Stochastic efficiency; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/21095
Registros recuperados: 35
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