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A COMPARISON OF CONJOINT RATINGS AND RANKINGS: AN APPLICATION FOR PASSIVE USE VALUES OF FOREST HEALTH AgEcon
Haefele, Michelle A.; Loomis, John B..
This paper tests the equivalence of conjoint ratings and rankings to estimate the values of prevention of forest pest infestations. It was found that rankings constructed from ratings were not statistically different from actual rankings. This implies that the easier ratings format can be used in conjoint analysis.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/35729
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A Comparison of Conventional and Organic Milk Production Systems in the U.S. AgEcon
McBride, William D.; Greene, Catherine R..
Replaced with revised version of paper 07/23/07.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2007 URL: http://purl.umn.edu/9680
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A COMPARISON OF CRITERIA FOR EVALUATING RISK MANAGEMENT STRATEGIES AgEcon
Baker, Timothy G.; Gloy, Brent A..
Several criteria that produce rankings of risk management alternatives are evaluated. The criteria considered are Value at Risk, the Sharpe ratio, the necessary condition for first degree stochastic dominance with a risk free asset, and the necessary condition for second degree stochastic dominance with a risk free asset. The effectiveness of the criteria increases as decision-makers are assumed to be more risk averse and have greater access to financial leverage.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/21726
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A Comparison of Grassland Management Systems for Beef Cattle Using Self-Contained Farmlets: Effects of Contrasting Nitrogen Inputs and Management Strategies on the Farm Economy AgEcon
Laws, J.A.; Williams, Robert J.; Pain, B.F..
The financial implications of manipulating nitrogen (N) inputs and management strategies for beef production systems were assessed. One-hectare grassland farmlets were grazed to a target sward height by beef steers; herbage surplus to grazing requirements was cut for silage. Three systems were compared: ‘CN’, conventional mineral N application to a grass monoculture and broadcast slurry; ‘TN’, tactical mineral N application at fortnightly intervals to a grass monoculture with slurry injection and the early housing of cattle; ‘GC’, a mixed grass/white clover sward with no mineral N addition and slurry injection. Comparisons were made on two contrasting soil types: a freely-draining sandy loam (site 1) and a poorly drained clay (site 2). Financial budgets...
Tipo: Conference Paper or Presentation Palavras-chave: Farmlets; Systems; Beef cattle; Nitrogen; Slurry; Animal production; Economics; UK; Farm Management.
Ano: 2002 URL: http://purl.umn.edu/6962
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A COMPARISON OF HUMAN ILLNESS COST ESTIMATES FOR E. COLI 0157:H7 DISEASE IN THE UNITED STATES AND SCOTLAND AgEcon
Buzby, Jean C.; Roberts, Tanya; Roberts, Jennifer A.; Upton, Pauline A..
This paper explores methodological and demographical reasons for differences in estimated social costs from foodborne Escherichia coli O157:H7 between the United States and United Kingdom (UK). Depending on the evaluation method, estimated U.S. costs average $10,000-17,000/case while estimated costs for the largest reported UK milk-borne outbreak are $280,000/case.
Tipo: Conference Paper or Presentation Palavras-chave: Health Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/20792
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A Comparison of Imputation Methods under Large Samples and Different Censoring Levels (PowerPoint) AgEcon
Lopez, Jose Antonio.
PowerPoint Presentation
Tipo: Conference Paper or Presentation Palavras-chave: Imputation methods; Multiple imputation; Censored prices; Protein demand; Elasticities; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods; C81; Q11; R21.
Ano: 2011 URL: http://purl.umn.edu/109894
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A comparison of Indonesian and Vietnamese approaches to agriculture in the ASEAN-China FTA AgEcon
Vanzetti, David; Setyoko, Nur Rakhman; Ngoc Que, Nguyen; Trewin, Ray.
Both Indonesia and Vietnam, as members of ASEAN, have negotiated a free trade agreement with China (ACFTA). ASEAN Member States can independently negotiate their tariff reductions. Both countries are generally aware of the opportunities access to the large Chinese market may present, but both are concerned to differing degrees about being flooded with Chinese imports, including agricultural products. As the time for implementation approaches, Indonesia has expressed a desire to renegotiate its tariff reduction schedules to protect sensitive sectors, including agriculture. By contrast, Vietnam, just over the border from China and with a history of informal trade, seems more accepting of the prospects. A global general equilibrium model, GTAP, is used to...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2011 URL: http://purl.umn.edu/101002
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A Comparison of Methodologies for Valuing Decreased Health Effects from Wildfire Smoke AgEcon
Richardson, Leslie; Loomis, John B.; Champ, Patricia A..
Wildfire seasons are becoming longer and more intense throughout the world, making it increasingly important to monetize the full damages caused by wildfires when analyzing various fire management policies. We estimate the economic costs of the health effects associated with exposure to wildfire smoke using a simple cost of illness approach and for the first time to our knowledge we estimate willingness-to-pay (WTP) for a decrease in symptom days from wildfire smoke using the contingent valuation method and the averting behavior method. Comparing estimates across all three common approaches for estimating the economic cost of exposure to an air pollutant is an important contribution to the literature. This study uses data from the largest wildfire in Los...
Tipo: Conference Paper or Presentation Palavras-chave: Averting behavior method; Contingent valuation method; Cost of illness; Wildfire smoke; Health; Morbidity; Environmental Economics and Policy; Health Economics and Policy; Q.
Ano: 2010 URL: http://purl.umn.edu/61252
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A Comparison of Methods for Imposing Curvature on the Normalized Quadratic Indirect Profit Function AgEcon
Featherstone, Allen M.; Burbidge, Linda D..
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/61661
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A COMPARISON OF NUTRIENT APPLICATION TRENDS ON LIVESTOCK FARMS IN CORN AND COTTON GROWING REGIONS AgEcon
Nehring, Richard F.; Christensen, Lee A.; O'Donoghue, Erik J.; Sandretto, Carmen L..
Recent trends in livestock concentration suggest that there may be an increasing risk of water pollution from manure applications. These trends in livestock operations may be offsetting improvements in commercial fertilizer management that have the potential to reduce the risk of water pollution. This conclusion was derived by tracking excess nutrient trends between 1996 and 2002 and by examining measures of economic performance for livestock farms. First, a link was established between the expansion of AFOs (Animal Feeding Operations) and excess nutrients from commercial fertilizer and manure sources. Second, technical efficiency was measured in order to identify whether technical efficiency explains structural change and in order to see whether...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/34764
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A COMPARISON OF OPTION-THEORETIC AND CHOICE-THEORETIC APPROACHES TO EVALUATING ALTERNATIVE FINANCIAL TECHNOLOGIES FOR MORTGAGE LOANS TO LOW-INCOME HOUSEHOLDS AgEcon
Hartarska, Valentina M.; Gonzalez-Vega, Claudio.
This paper evaluates the efficacy of two alternative lending technologies - the traditional banking technology and a cash flow based counseling program - by using competing risks (option-based) and choice theoretic approaches. We find evidence to support the notion that low-income borrowers have some degree of financial sophistication, as they prepay the mortgage loan by considering the current value of the call option. The evidence also suggests that borrower heterogeneity and insolvency affect mortgage termination.
Tipo: Conference Paper or Presentation Palavras-chave: Credit counseling; Competing risks; Low-income mortgage loans.; Financial Economics; Q140 (Agricultural Finance); Q140.
Ano: 2002 URL: http://purl.umn.edu/19645
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A Comparison of Price Imputation Methods under Large Samples and Different Levels of Censoring. AgEcon
Lopez, Jose Antonio.
Research paper
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics; Demand and Price Analysis; Research Methods/ Statistical Methods; Imputation methods; Multiple imputation; Censored prices; Protein demand; Elasticities.
Ano: 2011 URL: http://purl.umn.edu/104498
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A Comparison of Pricing Strategies for Cellulosic Ethanol Processors: A Simulation Approach AgEcon
Mark, Tyler B.; Darby, Paul M.; Salassi, Michael E..
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/49527
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A Comparison of RAS and Entropy Methods in Updating IO Tables AgEcon
Ahmed, Syud Amer; Preckel, Paul V..
Since the first half of the 20th century, the input-output (IO) table has been the backbone of much empirical work used to support policy analysis and develop economy-wide models. The need for accurate, up-to-date IO tables is thus essential for establishing the validity of the empirical work that follows from them. However, the construction of an IO table for any given country is an expensive and time-consuming endeavor. Current and accurate IO tables for many countries are thus often difficult to obtain on a regular basis. Once an initial IO table has been constructed, a common workaround is to collect partial information for subsequent periods, such as final demands for commodities within the economy, and then employ a Bayesian parameter estimation...
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2007 URL: http://purl.umn.edu/9847
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A COMPARISON OF RESAMPLING TECHNIQUES WHEN PARAMETERS ARE ON A BOUNDARY: THE BOOTSTRAP, SUBSAMPLE BOOTSTRAP, AND SUBSAMPLE JACKKNIFE AgEcon
Hilmer, Christiana E.; Holt, Matthew T..
This paper compares the finite sample performance of subsample bootstrap and subsample jackknife techniques to the traditional bootstrap method when parameters are constrained to be on some boundary. To assess how these three methods perform in an empirical application, a negative semi-definite translog cost function is estimated using U.S. manufacturing data.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2000 URL: http://purl.umn.edu/21810
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A Comparison of Risk and Return Characteristics of Efficient Crop Portfolios for the Brown Soil Zones Saskatchewan and Mecklenburg, Germany AgEcon
Schoney, Richard A.; Moeller, Christof.
Two efficient farms are constructed for the brown soils of Saskatchewan, Canada and for Mecklenburg, Germany based on producer panels. Both farms feature highly integrated cropping systems which take advantage of cropping synergies. However, farm risk is inherently different between the two because differences in 1) climate that gives rise to very different yield risk and cost structure, and 2) EU programs which offer fixed cash payments and stable sugar beet prices. As expected, risk is much higher for the Saskatchewan case farm - it has a chance of a negative cash flow of approximately one year in five. In sharp contrast, the Mecklenburg has very little chance of generating a negative cash flow. Hence, it is easy to understand why crop insurance and...
Tipo: Conference Paper or Presentation Palavras-chave: Risk and return; EV model; Saskatchewan and German grain farms; Crop Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/24227
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A Comparison of Risk Exposure in Aquaculture and Agricultural Businesses AgEcon
Flaten, Ola; Lien, Gudbrand D.; Tveteras, Ragnar.
Agriculture and aquaculture have common features associated with their biological nature affecting risk exposure of the businesses. The aim of this paper is to compare risk exposure in salmon farming and agricultural enterprises in Norway by using an implicit error component model to examine the risk structure of yields, prices and economic returns at the farm level. Results indicate a higher farm-level year-to-year variability in yields, prices and economic returns in salmon farming than in agricultural enterprises. The variability in livestock enterprises was generally lower than for crop enterprises. Return on assets was highest in salmon farming with an average annual return of 9.2%. All of the agricultural farm types exhibited a negative average...
Tipo: Conference Paper or Presentation Palavras-chave: Risk analysis; Variability; Norway; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/44052
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A COMPARISON OF RISK MANAGEMENT STRATEGIES FOR INDIANA GRAIN PRODUCERS AgEcon
Rios, Ana R.; Patrick, George F..
Crop insurance and pre-harvest pricing strategies were analyzed for all years and "years following an normal crop year" from 1986 to 2001 in three counties. Although pre-harvest marketing strategies had the highest certainty equivaenls, net farm revenues were lower and crop insurances were more common strategies following normal crop years.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2004 URL: http://purl.umn.edu/20192
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A Comparison of Salary Structures between Economics and Agricultural Economics Departments AgEcon
Hilmer, Christiana E.; Hillmer, Michael J..
This study is the first to empirically assess the difference between the prevailing salary structures in economics and agricultural economics departments at public institutions in the United States. We find that average salaries in economics departments tend to be higher than salaries in agricultural economics departments. Regression analysis suggest that years since Ph.D. explains a greater proportion of salaries in agricultural economics departments while the tier of school explains a great proportion of salaries structure in economics departments. Regression results also suggest that the returns to publications in top 36 and other economics journals is higher in economics departments while publications in core and regional agricultural economics...
Tipo: Conference Paper or Presentation Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 2008 URL: http://purl.umn.edu/6550
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A COMPARISON OF STATED AND REVEALED PREFERENCE METHODS FOR FISHERIES MANAGEMENT AgEcon
Hicks, Robert L..
In this paper, we compare revealed and stated preference methods for anglers' preferences for various fisheries management measures. Using random utility models of recreation demand, we compare the use of stated and revealed preference methodologies for analyzing fisheries management options. We compare parameter and welfare estimates from the two models.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2002 URL: http://purl.umn.edu/19853
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