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| Registros recuperados: 147 | |
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| Langinier, Corinne; Babcock, Bruce A.. |
| Consumers are in general less informed than producers about the quality of agricultural goods. To reduce he information gap, consumers can rely on standards (e.g., certification) that ensure quality and origin of the goods. These costly standards can be adopted by a group of producers of high-quality goods. We study the formation of such a group that we model as a club. We first investigate under what circumstances a club of a given size is desirable for producers, and for society. We then analyze the optimal size of the club when there exists a direct barrier to entry, and when there is no barrier. We find that for intermediate values of certification costs, the industry and a club of a given size of certified producers have divergent incentives.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Asymmetric information; Certification; Clubs; Quality; Institutional and Behavioral Economics. |
| Ano: 2006 |
URL: http://purl.umn.edu/18606 |
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| Monchuk, Daniel C.; Miranowski, John A.; Hayes, Dermot J.; Babcock, Bruce A.. |
| In this paper we examine more closely some of the forces that underlie economic growth at the county level. In an effort to describe a much more comprehensive regional economic growth model, we address a variety of different growth hypotheses by introducing a large number of growth related variables. When formulating our hypotheses and specifying our growth model we make liberal use of GIS mapping software to "paint" a picture of where growth spots exist and why. Our empirical estimation indicates amenities, state and local tax burdens, population, amount of agricultural activity, and demographics have important economic growth impacts. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Community/Rural/Urban Development. |
| Ano: 2004 |
URL: http://purl.umn.edu/20369 |
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| Babcock, Bruce A.; Fabiosa, Jacinto F.; Matthey, Holger; Isik, Murat; Tokgoz, Simla; Elobeid, Amani E.; Hart, Chad E.; Full, Frank. |
| The Uruguay Round Agreement on Agriculture (URAA) provided a continuing mandate for progressive reforms to liberalize world agricultural markets. A new round of negotiation was put into motion in early 2000 and later formalized in what is now called the Doha Round. The Doha Round negotiation follows the same principle laid out in the URAA, with the introduction of three reform anchors: market access, export competition, and reduction of domestic support. This paper specifies the new schedule of commitments for each member country under the proposed modalities and assesses the potential market impacts of these changes for world agricultural markets. We specifically focus on grains, oilseeds, sugar, cotton, livestock, poultry, and dairy markets. |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2003 |
URL: http://purl.umn.edu/18659 |
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| Babcock, Bruce A.; Carriquiry, Alicia L.; Stern, Hal S.. |
| The value of soil-test information in planning fertilizer application levels is determined by using agricultural field-plot data to estimate the posterior distribution of mean soil-nitrate concentrations at a give location. Optimal decisions concerning fertilizer application levels are made with respect to this posterior distribution. Average reductions in fertilizer application rates range from 15 to 41 percent, depending on the form of prior information that is available. These reductions are achieved by increasing the variability of application rates over time. Disregarding the uncertainty that remains after the soil testing significantly overstates the expected benefits of soil testing. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Bayesian methods; Fertilizer rates; Posterior distributions; Soil tests; Farm Management. |
| Ano: 1996 |
URL: http://purl.umn.edu/18633 |
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| Babcock, Bruce A.; Beghin, John C.; Mohanty, Samarendu; Fuller, Frank H.; Fabiosa, Jacinto F.; Chaudhary, Sudhir; Kaus, Phillip J.; Fang, Cheng; Hart, Chad E.; Kovarik, Karen. |
| This document briefly summarizes the impacts of the European Union's Common Agricultural Policy (CAP) reforms on the European agricultural sector and on international agricultural trade. Objectives of the CAP reform (as stated in EU Commission documents) are: to ensure the environmental viability of European agriculture, and to protect the livelihood of European farmers. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/18282 |
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| Babcock, Bruce A.; Hart, Chad E.. |
| The Agricultural Risk Protection Act (ARPA) has largely met its objectives of inducing farmers to increase their use of the crop insurance program. Both insured acreage and coverage levels have increased dramatically in response to ARPA's large increase in premium subsidies. An unintended consequence of the larger subsidies is a dramatic increase in the incentive for farmers to insure their crops under optional units, that is, insurance at the field level rather than at the farm or crop level. The expected rate of return to farmers who choose to invest additional premium dollars to move to optional unit coverage ranges from a low of 61 percent at the 85 percent coverage level to 144 percent at the 65 percent coverage level. This explains why the majority... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Risk Protection Act (ARPA); Crop insurance; Optional units; Crop Production/Industries; Risk and Uncertainty. |
| Ano: 2005 |
URL: http://purl.umn.edu/18297 |
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| Carriquiry, Miguel A.; Babcock, Bruce A.. |
| Hotelling's classic model of spatial competition is used to estimate the impacts on price of the closure of one of three grain buyers on the Mississippi River in the vicinity of Scott County, Iowa. The customers of the buyer who is closing (River Gulf Grain Company) in Davenport, Iowa, are assumed to deliver their grain to a buyer in either Buffalo, Iowa, to the south or to a buyer in Clinton, Iowa, to the north. Calibration of Hotelling's framework to this situation leads to an estimated decline in grain bids of 1.5¢ per bushel for the buyer located in Clinton and by 2.5¢ per bushel for the buyer located in Buffalo. These estimates are based on an incremental transportation cost of 0.15¢ per mile between the seller's farm and the buyer. This price decline... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Grain transportation; Local monopsony; Agricultural and Food Policy; Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/18370 |
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| Hayes, Dermot J.; Babcock, Bruce A.; Fabiosa, Jacinto F.; Tokgoz, Simla; Elobeid, Amani E.; Yu, Tun-Hsiang (Edward); Dong, Fengxia; Hart, Chad E.; Chavez, Eddie C.; Pan, Suwen; Carriquiry, Miguel A.; Dumortier, Jerome. |
| We examined four evolution paths of the biofuel sector using a partial equilibrium world agricultural sector model in CARD that includes the new RFS in the 2007 EISA, a two-way relationship between fossil energy and biofuel markets, and a new trend toward corn oil extraction in ethanol plants. At one extreme, one scenario eliminates all support to the biofuel sector when the energy price is low, while the other extreme assumes no distribution bottleneck in ethanol demand growth when the energy price is high. The third scenario considers a pure market force driving ethanol demand growth because of the high energy price, while the last is a policy-induced shock with removal of the biofuel tax credit when the energy price is high. Standard results hold where... |
| Tipo: Journal Article |
Palavras-chave: Biofuel; EISA; Ethanol; Tax credit; World agricultural sector model; Agribusiness; Consumer/Household Economics; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade; Livestock Production/Industries; Political Economy; Production Economics; Resource /Energy Economics and Policy; Q13; Q18; Q38. |
| Ano: 2009 |
URL: http://purl.umn.edu/53093 |
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| Hayes, Dermot J.; Babcock, Bruce A.; Fabiosa, Jacinto F.; Tokgoz, Simla; Elobeid, Amani E.; Yu, Tun-Hsiang (Edward); Dong, Fengxia; Hart, Chad E.; Chavez, Eddie C.; Pan, Suwen; Carriquiry, Miguel A.; Dumortier, Jerome. |
| We examine four scenarios for the evolution of the biofuel sector using a partial equilibrium model of the world agricultural sector. The model includes the new Renewable Fuels Standard in the 2007 energy act, the two-way relationship between fossil energy and biofuel markets, and a new trend toward corn oil extraction in ethanol plants. At one extreme, one scenario eliminates all support to the biofuel sector when the energy price is low, while the other extreme assumes no distribution bottleneck in ethanol demand growth when the energy price is high. Of the remaining two scenarios, one considers a pure market force driving ethanol demand growth because of the high energy price while the other is a policy-induced shock with removal of the biofuel tax... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Biofuels; EISA; Ethanol; Tax credit; World agricultural sector model.; Agricultural and Food Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/48597 |
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| Registros recuperados: 147 | |
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