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| Roberts, Michael J.; Tack, Jesse B.. |
| Farm income is highly variable due to annual price and yield uncertainties. The federally subsidized crop insurance program is an important tool for managing this risk, and has grown from a relatively modest program to one that encompasses the majority of productive cropland in the country. The success of this program depends on identification of actuarially fair insurance premium rates, which in turn depends on accurate estimation of farm-level yield distributions. We use the confidential U.S. Department of Agriculture Risk Management Agency (RMA) panel dataset to estimate farm-specific distributions of yields and actually fair crop insurance premiums. Our ongoing work includes using the difference between our estimated actually fair premiums and RMA's to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Yield; Crop Insurance; Policy; Mixed Model; Agricultural and Food Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/103405 |
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| Coatney, Kalyn T.; Tack, Jesse B.. |
| The goal of our analysis is to enhance the understanding of the value of antitrust regulatory activities, specifically the impact of investigations of anticompetitive behavior. The results suggest that prices significantly increased as soon as the targets of the investigation were made aware they were being investigated. Higher prices are suggestive of a more competitive market outcome, which in turn suggests that the benefits of an investigation begin accruing immediately upon awareness by the offending party. The higher prices remained as long as the investigation was open. After the investigation was closed, market prices systematically declined to the same low pre-knowledge state. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Antitrust; Auctions; Agricultural and Food Policy; Demand and Price Analysis; K42; D44; C23. |
| Ano: 2011 |
URL: http://purl.umn.edu/103548 |
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| Aker, Jenny; Tack, Jesse B.. |
| Information and communications technologies (ICTs) have spread rapidly over the past decade. There has been considerable interest in the effect of such technology on search costs, search behavior and welfare outcomes, particularly in developing countries. This paper investigates the impact of a new search technology, mobile phones, on traders’ search and marketing behavior in Niger. We construct a novel theoretical model of sequential search, in which traders engage in optimal search for the maximum sales price, net transport costs. The model predicts that the introduction of a new search technology, such as mobile telephones, will increase traders’ reservation sales prices and the number of markets over which they search. To test the predictions of the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Africa; Information; Information Technology; Search Costs; Niger; Agricultural and Food Policy; Food Security and Poverty; International Development; Marketing; O1; O3; Q13. |
| Ano: 2011 |
URL: http://purl.umn.edu/103404 |
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