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Concepts, applications, and extensions of value chain analysis to livestock systems in developing countries AgEcon
Rich, Karl M.; Baker, Derek; Negassa, Asfaw; Ross, R. Brent.
The analysis of value chains has augmented our knowledge on the complexities, inter-linkages, distributional benefits, and institutional arrangements of production and marketing channels in developing countries. However, the analysis remains relatively qualitative and case-specific, with limited ability to rank or assess the impact of alternative interventions or to analyze sufficiently the complex market dynamics and feedbacks present in livestock systems. This paper offers insights on ways to improve the analytical rigor of the value chain methodology that combines both qualitative and quantitative approaches.
Tipo: Conference Paper or Presentation Palavras-chave: Value chain; Livestock; Developing countries; Livestock Production/Industries; I32; O13; O17; O21; Q13; Q18.
Ano: 2009 URL: http://purl.umn.edu/51922
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Continuing the Tradition: Employing Tested and Emerging Economic Tools in Framing Sustainability Challenges for a Global Economy AgEcon
Amanor-Boadu, Vincent; Ross, R. Brent.
Economists have been successful in bringing their definitional and analytical tools to many of the problems that have confronted society over the past century and more, from Smith’s explanation of how nations produce wealth to Arrow’s explanation of the impossibility of social choice and Keynes’ general theory of money and interest. With the issue of sustainability, we draw on economic agents’ attempts at rational choice under uncertainty to understand the opportunities and challenges. We argue that employing system dynamic modeling approach to the problem could offer careful assessment of the soundness of sustainability strategies.
Tipo: Conference Paper or Presentation Palavras-chave: Sustainability; Adaptive Management; System Dynamic Modeling; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/61619
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Economic Returns to Entrepreneurial Behavior AgEcon
Ross, R. Brent; Westgren, Randall E..
Highly turbulent environments require firms to act entrepreneurially. The returns to entrepreneurial activities are known as entrepreneurial rents. Following the payments perspective, these rents are allocated to the entrepreneurial resources of the firm as factor payments. However, unlike other factor payments, little is known about how to value these types of rents. An analysis of the economics and management literature reveals that entrepreneurial rents are a return to alertness, subjective judgment, asset control, and uncertainty bearing. Furthermore, entrepreneurial rents are noncontractible and temporary. This paper introduces two complementary valuation models that capture these characteristics and that explicitly impute value to various...
Tipo: Journal Article Palavras-chave: Entrepreneurship; Factor payments; Subjective judgment; Uncertainty; Agribusiness; Risk and Uncertainty; M13; B12; B25; P23; Q13.
Ano: 2006 URL: http://purl.umn.edu/43776
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