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Registros recuperados: 33
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A LINEAR PROGRAMMING SOLUTION TO SOME MARKET ALLOCATION PROBLEMS AgEcon
Piggott, Roley R..
Certain market allocation problems involving linear average net revenue functions can be solved by linear programming. The technique can be applied to an objective function derived from linear marginal net revenue functions, the objective being to force each marginal net revenue as near to zero as possible given the constraint set. If a particular problem is suited to a linear programming solution, researchers may prefer to use this technique rather than more sophisticated optimization methods.
Tipo: Journal Article Palavras-chave: Research Methods/ Statistical Methods.
Ano: 1975 URL: http://purl.umn.edu/22550
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A Multilevel Economic Analysis of the Wheat Market in Pakistan AgEcon
Ashfaq, Muhammad; Parton, Kevin A.; Griffith, Garry R.; Piggott, Roley R..
Government price policy in Pakistan affects both the supply and demand of wheat. The wheat market has been established in a particular idiosyncratic manner in Pakistan, and a thorough appraisal of policy needs to take this into account. Hence, to analyse various policy interventions, this study develops a multi-level wheat market model. After considering the real world aspects of the wheat marketing chain, a conceptual framework is developed involving five market levels. This is then translated into a multi-equation econometric model. The model is based on secondary time series data from 1971 to 1996. It consists of equations representing supply, demand, stock holding, importing and price formation. The model is used to estimate changes in consumer...
Tipo: Presentation Palavras-chave: Crop Production/Industries; Marketing.
Ano: 1999 URL: http://purl.umn.edu/123757
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A Note on Price Levelling and Price Averaging in Sydney Retail Vegetable Price Spreads AgEcon
Griffith, Garry R.; Jamandre, W.E.; Piggott, Roley R..
For tomatoes, potatoes, carrots and onions in the Sydney market, the degree of variability of the retail price is substantially lower than the degree of variability of the wholesale price. The objective here is to investigate whether fresh vegetable retailers in the Sydney market practice price levelling and price averaging. 2SLS and 3SLS procedures were used to estimate a system of price spread equations for the four vegetables using quarterly data from 1980 to 1990. In the preferred 3SLS estimates price levelling was confirmed for potatoes and carrots. Price levelling was not evident in the tomatoes and onions equations, with price transmission influenced more by markup pricing policies for these vegetables. No evidence of price-averaging behaviour was...
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1992 URL: http://purl.umn.edu/12502
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Agricultural Economics at the University of New England AgEcon
MacAulay, T. Gordon; Piggott, Roley R..
Tipo: Journal Article Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 1988 URL: http://purl.umn.edu/12563
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AGRICULTURAL SELLING CARTELS: RELATIVE CO-OPERATOR AND NON-COOPERATOR GAINS AgEcon
Piggott, Roley R..
An analytical framework is developed for assessing the relative gains accruing to co-operators and non co-operators in a cartel arrangement involving production quotas. Key parameters determining the relative gains are identified. The values of these parameters in the context of Australian agriculture could result in greater gains for non co-operators than for co-operators. Suggestions are offered on some types of information that should be sought in feasibility studies before cartels are established.
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 1981 URL: http://purl.umn.edu/22627
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An Equilibrium Displacement Model of the Australian Beef Industry AgEcon
Zhao, Xueyan; Mullen, John D.; Griffith, Garry R.; Griffiths, William E.; Piggott, Roley R..
Around $100 million has been spent annually on R&D and promotion in the Australian red meat industries in recent years. The R&D investments are made throughout the production, processing and marketing chain in both the grass and grain finished sectors. Promotion investments are made in both export and domestic markets. Despite this large investment of industry and government funds there is great uncertainty about the returns from these investments. Not only is it unclear what the total industry returns are but it is even less clear how producers and the community benefit from the many alternative investment options. Hence, it is unclear how funds should be allocated between these alternatives. Zhao (1999) addressed these issues in research for...
Tipo: Report Palavras-chave: Industrial Organization; Research and Development/Tech Change/Emerging Technologies.
Ano: 2000 URL: http://purl.umn.edu/28007
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An Equilibrium Displacement Model of the Australian Sheep and Wool Industries AgEcon
Mounter, Stuart W.; Griffith, Garry R.; Piggott, Roley R.; Fleming, Euan M.; Zhao, Xueyan.
This report documents the specification of an equilibrium displacement model (EDM) of the Australian sheep and wool industries. The model is capable of estimating and comparing the potential benefits from R&D and generic promotion investments, and other policy changes, in the different sectors and markets of the Australian sheep and wool industries. Inclusive in the model are the multiple components of the Australian sheep and wool industries to account for cross-product interactions not considered in most previous studies. A high degree of industry disaggregation within the model enables estimation of the distribution of the potential benefits among the various industry sectors and across different regional environments. A number of hypothetical...
Tipo: Report Palavras-chave: Wool; Sheep meat; Research and development; Economic; Evaluation; Australia; Agribusiness; Farm Management; Livestock Production/Industries; Production Economics; Research and Development/Tech Change/Emerging Technologies; Q160.
Ano: 2008 URL: http://purl.umn.edu/37663
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Book reviews AgEcon
Piggott, Roley R.; Quiggin, John C.; Samuel, Nicholas; Trewin, Ray.
Tipo: Journal Article Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 1998 URL: http://purl.umn.edu/117288
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COMBINATIONS OF BUFFER-STOCKS AND BUFFER-FUNDS FOR WOOL PRICE STABILISATION IN AUSTRALIA AgEcon
Moir, Brian; Piggott, Roley R..
In this paper a preliminary analysis is presented of a combined buffer-fund and buffer-stock as an alternative to a pure buffer-fund or a pure buffer stock for stabilising wool prices. The alternatives analysed are designed so that each provides the same prices to producers as did the Reserve Price Scheme over the period of analysis. Least-cost combinations of policy instruments are derived. The results show that there is considerable potential for cost savings to be made by combining buffer-fund and buffer-stock instruments.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1991 URL: http://purl.umn.edu/22925
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Composition of the National Sheep Flock and Specification of Equilibrium Prices and Quantities for the Australian Sheep and Wool Industries, 2002-03 to 2004-05 AgEcon
Mounter, Stuart W.; Griffith, Garry R.; Piggott, Roley R.; Fleming, Euan M.; Zhao, Xueyan.
The data used, and the methods and assumptions fundamental to the development of an equilibrium displacement model (EDM) of the Australian sheep and wool industries specified in Mounter et al. (2007), are contained in this report. The national sheep flock is disaggregated into Merino and non-Merino sheep in the three agricultural zones of Australia using 2002-03 Australian agricultural and grazing industries survey data. Opening and closing sheep numbers, death rates and weaning percentages were used to derive the supply and use of sheep in each zone. Annual shorn wool production was split into four fibre-diameter categories in each zone corresponding to ABS wool export categories. Wool production percentages and relative greasy fleece weights were used to...
Tipo: Report Palavras-chave: Wool; Sheep meat; Research and development; Economic; Evaluation; Australia; Agribusiness; Agricultural and Food Policy; Livestock Production/Industries; Production Economics; Research and Development/Tech Change/Emerging Technologies; Q160.
Ano: 2007 URL: http://purl.umn.edu/37664
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DECOMPOSING THE VARIANCE OF GROSS REVENUE INTO DEMAND AND SUPPLY COMPONENTS AgEcon
Piggott, Roley R..
Some recent analyses relating to gross revenue instability have used a procedure for decomposing the variance of gross revenue into components attributable to price variability, quantity variability and interaction between these. This paper offers some criticisms of the procedure and outlines an alternative procedure which divides the variance of gross revenue into components due to demand variability, supply variability and interaction between these. The procedure is used to investigate the causes of instability in quarterly beef revenues in the Australian beef industry. Since demand and supply variability are both important contributors to beef revenue instability, direct market intervention to stabilise beef industry revenues would be a complex and...
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1978 URL: http://purl.umn.edu/22725
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Distribution of Gains from Cattle Development in a Multi-Stage Production System: The Case of the Bali Beef Industry AgEcon
Ambarawati, I Gusti Agung Ayu; Zhao, Xueyan; Griffith, Garry R.; Piggott, Roley R..
Beef production in Bali is dominated by smallholders, just like the majority of Indonesian agriculture. A wide range of policies has been implemented to enhance development of the Bali beef industry. Knowledge about the distribution of the returns from the development of the cattle industry, including marketing, informs decision making. This paper examines the benefits from cattle development in a multi-stage production representation of the Bali beef industry using equilibrium displacement modelling (EDM). Benefits are measured as changes in economic surplus. The distribution of benefits among farmers, processors and retailers is also examined.
Tipo: Conference Paper or Presentation Palavras-chave: Beef production; Government policy; EDM; Economic surplus.; Agricultural and Food Policy.
Ano: 2003 URL: http://purl.umn.edu/57829
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Does Excluding Cross-commodity Interactions Matter? Beef and Lamb in Australia AgEcon
Dent, Siobahn K.; Piggott, Roley R.; O'Donnell, Christopher J.; Griffith, Garry R..
Australian broadacre agriculture is typified by strong cross-commodity relationships, where sheep and cattle grazing enterprises compete for pasture and both compete with wheat and other crops for land. Further, some commodities produced by multi-product farms are also used in the production of final products that are substitutes in demand, such as beef and lamb. Economic analyses of the beef market, for example, should also include consideration of the market for the related product, lamb. In this paper the effects of exogenous demand and supply shifters on the wholesale-farm price ratio in two closely related industries, beef and lamb, are examined in a Gardner type of model and the effects of excluding consideration of the cross-commodity interactions...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing margins; Beef; Lamb; General equilibrium elasticities; Demand and Price Analysis.
Ano: 2003 URL: http://purl.umn.edu/57859
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Economic Evaluation of New Technologies and Promotions in the Australian Sheep and Wool Industries AgEcon
Mounter, Stuart W.; Griffith, Garry R.; Piggott, Roley R.; Fleming, Euan M.; Zhao, Xueyan.
Knowledge about the size and distribution of returns from alternative broad types of R&D and promotion investments permit strategic-level decisions about resource allocation, both within and across research programs. The Australian sheep meat and wool industries are characterised by strong cross-commodity relationships due to the joint product nature of the industries. An equilibrium displacement model of the Australian sheep meat and wool industries was developed to account for these relationships and any indirect benefits and costs arising from spill-over and feedback effects between the industries as a result of research-induced innovation or promotion. The potential annual returns and their distribution among the various industry sectors were...
Tipo: Conference Paper or Presentation Palavras-chave: Australian sheep and wool industries; Equilibrium displacement model; Cross-commodity relationships; R&D; Promotion evaluation; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/10415
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EFFECTS OF PAST AUSTRALIAN WHEAT PRICE POLICIES ON KEY INDUSTRY VARIABLES AgEcon
Myers, Robert J.; Piggott, Roley R.; MacAulay, T. Gordon.
Evidence is provided on the extent to which wheat price policies operating over the period 1953-54 to 1983-84 achieved objectives related to the levels and stability of key industry variables. The general findings are that the levels of achievement have been modest and that trade-offs have been involved. This evidence is supplementary to the evidence already available from efficiency-based studies.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Marketing.
Ano: 1985 URL: http://purl.umn.edu/22513
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ELASTICITY OF SUPPLY AND THE INCENTIVE FOR COLLUSIVE BUYING AgEcon
Piggott, Roley R..
A model is developed to show how changes in the elasticity of the supply function at the farm level offset increased levels of buyer (processor) concentration such that given percentage increases in demand by large buyers result in the same, or smaller, percentage price changes than do increases in demand on the part of small buyers. Since the incentive for collusive buying is a function of the potential price increases which follow demand increases, there may be little incentive for buyers to collude even if they are highly concentrated.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1970 URL: http://purl.umn.edu/22409
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ESTIMATING SOURCES OF FLUCTUATIONS IN THE AUSTRALIAN WOOL MARKET: AN APPLICATION OF VAR METHODS AgEcon
Myers, Robert J.; Piggott, Roley R.; Tomek, William G..
Vector autoregression (VAR) methods are used to analyse the contribution of supply, demand and policy shocks to unpredictable fluctuations in the market for Australian wool. VAR procedures are compared with conventional structural econometric models as methods for decomposing sources of instability. While each has advantages and disadvantages, VAR procedures might be viewed as preferable when the underlying market structure is complex and uncertain, as it is in the case of wool. Based on the results obtained, demand shocks are the dominant source of uncertainty in the wool market in the absence of Australian Wool Corporation intervention, but intervention has blunted their effects, reducing market uncertainty and increasing the average level of prices and...
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1990 URL: http://purl.umn.edu/22357
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Explaining Market and Enterprise Structures in the Food Marketing Chain AgEcon
Nightingale, John J.; Piggott, Roley R.; Griffith, Garry R..
Our objective in this paper is to review the origins and main points of theories of firm behaviour used in economic theory and strategic management, with particular reference to the food marketing chain. We argue that while neoclassical economics may provide a robust framework in which to understand market outcomes for long run atomistic competition, such as conventionally modelled by agricultural economists, modern developments in both economics and strategic management add substantially to our ability to explain firm and market structures in the food marketing chain.
Tipo: Working or Discussion Paper Palavras-chave: Industrial Organization; Marketing.
Ano: 2002 URL: http://purl.umn.edu/12939
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Food Price Policy in Indonesia AgEcon
Piggott, Roley R.; Parton, Kevin A.; Treadgold, Elaine M.; Hutabarat, Budiman.
Tipo: Technical Report Palavras-chave: Agricultural and Food Policy.
Ano: 1993 URL: http://purl.umn.edu/118694
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Measuring the Impact of Staple Strength-Enhancing Technologies on Australian Wool Producer Profits: A Duality-Based Approach AgEcon
Templeton, Deborah J.; Griffith, Garry R.; Piggott, Roley R.; O'Donnell, Christopher J..
Wool tenderness is a significant problem in Australia, especially in areas where sheep graze under highly seasonal conditions. In this study, a duality-based modeling framework is implemented to assess the economic impact of staple strength-enhancing research on the profits of Australian woolgrowers. Within this framework, a normalized quadratic profit function is specified and estimated. The model is based on a number of fundamental characteristics of the Australian wool industry and the staple-strength enhancing technology being assessed. The model consists of a system of equations that are specified in terms of effective, rather than actual, prices. The interrelationships between the netputs are allowed for in the model in a manner that is...
Tipo: Working or Discussion Paper Palavras-chave: Profit function approach; Research evaluation; Wool; Staple strength; Economic analysis; Livestock Production/Industries; Productivity Analysis.
Ano: 2004 URL: http://purl.umn.edu/12922
Registros recuperados: 33
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