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A STRUCTURAL-EQUATION GME ESTIMATOR AgEcon
Marsh, Thomas L.; Mittelhammer, Ronald C.; Cardell, N. Scott.
A generalized maximum entropy estimator is developed for the linear simultaneous equations systems model. We provide results on large and small sample properties of the estimator. Empirical results illustrate efficiency advantages of the generalized maximum entropy estimator proposed in this study over traditional estimators (e.g., 2SLS and 3SLS).
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 1998 URL: http://purl.umn.edu/20890
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ADAPTIVE TRUNCATED ESTIMATON APPLIED TO MAXIMUM ENTROPY AgEcon
Marsh, Thomas L.; Mittelhammer, Ronald C..
An adaptive estimator is proposed to optimally estimate unknown truncation points of the error support space for the general linear model. The adaptive estimator is specified analytically to minimize a risk function based on the squared error loss measure. It is then empirically applied to a generalized maximum entropy estimator of the linear model using bootstrapping, allowing the information set of the model itself to determine the truncation points. Monte Carlo simulations are used to demonstrate performance of the adaptive entropy estimator relative to maximum entropy estimation coupled with alternative truncation rules and to ordinary least squares estimation. A food demand application is included to demonstrate practical implementation of the...
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2001 URL: http://purl.umn.edu/36169
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AN ANALYSIS OF HOUSEHOLD FOOD EXPENDITURE SYSTEMS IN TANZANIA AgEcon
Mafuru, January M.; Marsh, Thomas L..
This paper analyzes urban and rural food consumption in Tanzania using the Generalized Translog (GTL) expenditure system. We reject a pooled model in favor of two separate urban and rural models. Results indicate that subsistence consumption has significant effect on food demand in rural areas, but it is less important in urban areas. Hence, ignoring differences between urban and rural regions can lead to incorrect inferences and policy recommendations.
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 2003 URL: http://purl.umn.edu/36007
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An Assessment of the Interaction between High Tunnels and Crop Insurance for Specialty Crop Producers AgEcon
Belasco, Eric J.; Chen, Chen; Ponnaluru, Srinivasa Sasdhar; Galinato, Suzette P.; Marsh, Thomas L..
Protective covers, such as high tunnels, are being used by specialty crop producers to enhance production quality and yields, expand or growing seasons, and protect crops from some extreme elements. While growing in popularity, one barrier to larger utilization includes the uncertainty regarding their practices and benefits. This paper recognizes that high tunnels can be used as a form of risk management and examines the relationship with crop insurance in order to better define optimal risk management strategies.
Tipo: Conference Paper or Presentation Palavras-chave: High tunnels; Specialty crop insurance; Risk management; Production Economics.
Ano: 2011 URL: http://purl.umn.edu/103896
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AN INTRASEASONAL BIOECONOMIC MODEL OF PLRV NET NECROSIS AgEcon
Marsh, Thomas L.; Huffaker, Ray G.; Folwell, Raymond J.; Long, Gary.
A bioeconomic model is developed as an IPM planning tool to combat PLRV net necrosis in the PNW potato industry. Environmental/biological and production processes are linked to marketing activities using discrete time control. We find that pesticides can be optimally timed to reduce applications and still protect against net necrosis.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Environmental Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/20935
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COMMERCIAL BEEF HERD REPLACEMENT STRATEGIES AgEcon
Fanning, Jasper; Marsh, Thomas L.; Jones, Rodney D..
Annualized cow ownership costs represent a large component of the total costs in a cow-calf enterprise, and therefore impact profitability. Annualized cow costs are determined in large part by the price or cost of that cow when it entered the herd. We find that ownership costs, and in turn cow-herd profitability, can be significantly impacted by heifer replacement strategies. Timing (within the cattle cycle) and method (raise vs. purchase) are both important considerations.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2001 URL: http://purl.umn.edu/36064
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Comparing Heterogeneous Consumption in US and Japanese Meat and Fish Demand AgEcon
Tonsor, Glynn T.; Marsh, Thomas L..
This article uses national, quarterly data to conduct an empirical analysis of pre-committed meat and fish demand by US and Japanese households using the Generalized Almost Ideal Demand System (GAIDS). US consumers are found to hold pre-committed demand for beef and pork, while Japanese consumers appear to possess significant pre-committed demand for beef and fish. This provides evidence to partly explain observed differences in Japanese and US consumer reactions to non-price and non-income effects in beef, pork, poultry, and fish. In addition, the first known empirical comparison of how the GAIDS and more traditional AIDS models assess meat and fish demand is offered with both in- and out-of-sample evaluations.
Tipo: Conference Paper or Presentation Palavras-chave: US/Japanese meat demand; Demand forecasting; Food safety; Generalized Almost Ideal Demand System; Pre-committed consumption; Demand and Price Analysis.
Ano: 2005 URL: http://purl.umn.edu/19567
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Conserving the Ogallala Aquifer: Efficiency, Equity, and Moral Motives AgEcon
Peterson, Jeffrey M.; Marsh, Thomas L.; Williams, Jeffery R..
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2003 URL: http://purl.umn.edu/93755
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DERIVED DEMAND FOR WHEAT BY CLASS AgEcon
Terry, Justin J.; Marsh, Thomas L..
To quantify price responsiveness and economic substitutability among wheat classes, derived demand functions were specified from a normalized quadratic profit function. Own-price and cross-price elasticities were estimated for hard red winter, hard red spring, soft wheat (combined red and white), and durum wheat. In general, soft wheat varieties were less responsive to their own price than were hard wheat varieties. Cross-price elasticities indicate that hard red winter wheat, hard red spring wheat, and soft wheat varieties are economic substitutes. Cross-price elasticities are different from those previously reported, which can have important policy implications.
Tipo: Conference Paper or Presentation Palavras-chave: Elasticities; Normalized quadratic; Substitution; Crop Production/Industries; Demand and Price Analysis.
Ano: 2000 URL: http://purl.umn.edu/36457
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DETERMINANTS OF FAST FOOD CONSUMPTION AgEcon
Fanning, Jasper; Marsh, Thomas L.; Stiegert, Kyle W..
Replaced with revised version of paper 03/24/03.
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 2002 URL: http://purl.umn.edu/36637
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Domestic and Trade Impacts of Foot and Mouth Disease and BSE on the Australian Beef Industry AgEcon
Tozer, Peter R.; Marsh, Thomas L.; Perevodchikov, Evgeniy V..
Although Australia is the sixth largest producer of beef, with production of 2 million metric tonnes, behind regions such as the USA, Brazil and the EU it is the second largest exporter of beef behind Brazil. Average beef exports from Australia are approximately 65% of the total amount of beef produced or about 1.3 million metric tonnes. For these reasons Australia is particularly vulnerable to diseases that are not endemic to the country and could close or disrupt its export markets for beef. In this study we construct a bioeconomic optimization model of the Australian beef industry that captures production and consumption decisions, domestically and internationally, and the impacts on the beef industry of two potentially catastrophic diseases, foot and...
Tipo: Conference Paper or Presentation
Ano: 2010 URL: http://purl.umn.edu/59169
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Economic substitution for US wheat food use by class AgEcon
Marsh, Thomas L..
Wheat for food use is conceptualised as an input into flour production and demand is derived from an industry profit function to quantify price responsiveness and economic substitutability across wheat classes. Price and substitution elasticities are estimated for hard red winter, hard red spring, soft red wheat, soft white winter and durum wheat. In general, hard red winter and spring wheat varieties are much more responsive to their own price than are soft wheat varieties and durum wheat. Substitution elasticities indicate that hard red winter and hard red spring wheat are economic substitutes for milling purposes.
Tipo: Article Palavras-chave: Elasticities; Like product; Monte Carlo; Wheat by class; Crop Production/Industries; Food Consumption/Nutrition/Food Safety.
Ano: 2005 URL: http://purl.umn.edu/118503
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ECONOMIC THRESHOLDS: AN APPLICATION TO FLORICULTURE AgEcon
Schumacher, Sara K.; Marsh, Thomas L.; Williams, Kimberly A..
This paper introduces conjunctive optimal pest management and production decision rules applied to the floriculture industry. A grower is faced with optimally controlling multiple pests and applying cultural controls to maximize the expected net present value of benefits within a discrete time framework, subject to biological and marketing constraints.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2000 URL: http://purl.umn.edu/21790
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Economies of Scale in the Floriculture Industry AgEcon
Schumacher, Sara K.; Marsh, Thomas L..
This study investigated the cost structure of the floriculture industry in the United States. Economies of scale and input elasticities were estimated with a normalized quadratic cost function. Results suggest that economies of scale exist in the floriculture industry. As producers become large and more automated, they have a cost advantage relative to smaller producers who are producing the same output product mix. The existence of economies of scale suggests that average grower size can increase in the future as growers increase in size to take advantage of cost efficiencies.
Tipo: Journal Article Palavras-chave: Duality; Economies of scale; Floriculture; Nonprice variables; Q12; C31; D20.
Ano: 2003 URL: http://purl.umn.edu/43145
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ECONOMIES OF SCALE IN THE GREENHOUSE FLORICULTURE INDUSTRY AgEcon
Schumacher, Sara K.; Marsh, Thomas L..
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/36577
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EFFECTS OF JOINT PRODUCT MANAGEMENT STRATEGIES ON E.COLI 0157:H7 AND FEEDLOT PROFITS AgEcon
Perry, William R.; Marsh, Thomas L.; Jones, Rodney D.; Sanderson, M.W.; Sargeant, J.M.; Griffin, D.D.; Smith, R.A..
The objective of this study was to determine the effect of Escherichia coli 0157:H7 on feedlot profits. Fecal samples from 711 feedlot pens in 73 feedlots in Nebraska, Kansas, Oklahoma, and Texas were tested for E. coli 0157:H7. Average daily gain and feed-to-gain ratios were computed for each feedlot pen, and managers from each feedlot provided information on various feedlot management practices. Cattle performance and E. coli 0157:H7 prevalence are both affected by feedlot management practices. The indirect effect of E. coli 0157:H7 on potential feedlot profits was determined by measuring the effects of management practices on E. coli 0157:H7 levels and cattle performance. Management practices that affect cattle performance were identified using...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2004 URL: http://purl.umn.edu/36226
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Elasticities for U.S. Wheat Food Use by Class AgEcon
Marsh, Thomas L..
We conceptualize wheat for food use as an input into flour production and derive demand functions to quantify price responsiveness and economic substitutability across wheat classes. Cost, price, and substitution elasticities are estimated for hard red winter, hard red spring, soft red wheat, soft white winter, and durum wheat. In general, hard red winter and spring wheat varieties are much more responsive to their own price than are soft wheat varieties and durum wheat. Morishima elasticities indicate that hard red winter and hard red spring wheat are economic substitutes for milling purposes.
Tipo: Conference Paper or Presentation Palavras-chave: Elasticities; Wheat by class; Economic substitution; Monte Carlo; Food Consumption/Nutrition/Food Safety; C15; C30; Q11.
Ano: 2003 URL: http://purl.umn.edu/57920
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EMPIRICAL LIKELIHOOD ESTIMATORS OF THE LINEAR SIMULTANEOUS EQUATIONS MODEL AgEcon
Marsh, Thomas L.; Mittelhammer, Ronald C.; Judge, George G..
Information theoretic estimators are specified for a system of linear simultaneous equations, including maximum empirical likelihood, maximum empirical exponential likelihood, and maximum log Euclidean likelihood. Monte Carlo experiments are used to compare finite sample performance of these estimators to traditional generalized method of moments.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2001 URL: http://purl.umn.edu/20752
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Empirical properties of duality theory AgEcon
Lusk, Jayson L.; Featherstone, Allen M.; Marsh, Thomas L.; Abdulkadri, Abdullahi O..
This research examines selected empirical properties of duality relationships. Monte Carlo experiments indicate that Hessian matrices estimated from the normalised unrestricted profit, restricted profit and production functions yield conflicting results in the presence of measurement error and low relative price variability. In particular, small amounts of measurement error in quantity variables can translate into large errors in uncompensated estimates calculated via restricted and unrestricted profit and production functions. These results emphasise the need for high quality data when estimating empirical models in order to accurately determine dual relationships implied by economic theory.
Tipo: Journal Article Palavras-chave: Research Methods/ Statistical Methods.
Ano: 1997 URL: http://purl.umn.edu/118069
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ENDOGENOUS PROTECTION IN THE MEXICAN CORN AND SORGHUM MARKET AgEcon
Marshall, Maria I.; Marsh, Thomas L..
Trade relations between the United States (U.S) and Mexico are increasingly interrelated and important ever since the ratification of NAFTA in 1994. With the advent of NAFTA, tariffs on many agricultural products were lowered or are in the process of being lowered. Mexico implements a tariff-rate quota for corn which is to be phased out by 2009. This quota is divided among the various Mexican corn importers with "cupos", which are import permits. Import permits are administrative trade barriers that can be defined as any obstacle that appears and disappears as market conditions change. It is widely recognized in the literature that administrative trade barriers create numerous obstacles to the international exchange of agricultural products. In this...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/22242
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