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2009 Outlook of the U.S. and World Sugar Markets, 2008-2018 AgEcon
Koo, Won W.; Taylor, Richard D..
This report evaluates the U.S. and world sugar markets for 2008-2018 using the Global Sugar Policy Simulation Model. This analysis is based on assumptions about general economic conditions, agricultural policies, population growth, weather conditions, and technological changes. Both the U.S. and world sugar economies are predicted to remain stable over the next ten years in spite of the 2007-08 surge in world oil prices. That increase in price caused an increase in the conversion of sugar into ethanol in Brazil, while other exporting countries increased their production in response to those higher prices. Sugar prices returned to normal levels in 2008. World demand for sugar is expected to grow at a similar rate to world supply, resulting in Carribean...
Tipo: Report Palavras-chave: Sugar; Production; Exports; Consumption; Ending stocks; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade.
Ano: 2009 URL: http://purl.umn.edu/55117
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2009 Outlook of the U.S. and World Wheat Industries, 2008-2018 AgEcon
Koo, Won W.; Taylor, Richard D..
This report evaluates the U.S. and world wheat markets for the 2008-2018 period using the Global Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, weather conditions, and technological change. Both the U.S. and world wheat economies are predicted to remain relatively healthy for the next ten years. World demand for both common and durum wheat are expected to remain strong. The price levels in 2007 and 2008 will not be maintained in 2009 and future because increased wheat and corn production in 2008 and reduced demand for corn for ethanol production will lower demand and increase supply. World trade volumes of both classes of wheat are expected to expand, but trade...
Tipo: Report Palavras-chave: Common wheat; Durum wheat; Production; Exports; Consumption; Ending stocks; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade.
Ano: 2009 URL: http://purl.umn.edu/55118
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A Bargaining Model of Price Discovery in the Washington/Oregon Asparagus Industry AgEcon
Folwell, Raymond J.; Mittelhammer, Ronald C.; Wang, Changru.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Demand and Price Analysis.
Ano: 1997 URL: http://purl.umn.edu/35950
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A Binary-Ordered Probit Model of Cigarette Demand AgEcon
Kasteridis, Panagiotis P.; Munkin, Murat K.; Yen, Steven T..
This study analyzes the demand for cigarettes fitting observed zero outcomes with a trivariate model consisting of an equation for the starting smoking decision, an equation for the quitting decision, and an equation that models the level of cigarettes consumed. Five competing specifications are considered to explain level, with the ordered probit, which accommodates pile-ups of counts in the dependent variable, providing the best fit. Marginal effects of explanatory variables are calculated providing strong evidence of race and gender differences in consumption patterns. The estimated marginal effects are robust to alternative categorizations of the level of cigarettes.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2007 URL: http://purl.umn.edu/9862
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A BIO-ECONOMIC DYNAMIC PROGRAMMING ANALYSIS OF THE SEASONAL SUPPLY RESPONSE BY FLORIDA DAIRY PRODUCERS AgEcon
Gao, Xiaoming; Spreen, Thomas H.; Delorenzo, Michael A..
Seasonal price premiums have been proposed as a means of dampening the highly seasonal patterns of milk production in Florida. A Markov decision bio-economic model of the breeding and replacement decisions was solved via stochastic dynamic programming and used to analyze the potential supply response to seasonal price premiums. The results of the analysis suggest that the seasonal milk supply in Florida is highly price inelastic.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1992 URL: http://purl.umn.edu/29628
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A Censored Demand System Analysis of Fruits and Vegetables by Different Income Groups Using Micro Data AgEcon
Niu, Luyuan; Wohlgenant, Michael K..
This study examines demand for fruits and vegetables segmented by income levels in a complete demand system framework using the Consumer Expenditure Survey (CEX) from 2002 to 2006. Results show that disparities are found between high-income households and low-income households. Seasonal effects and demographic variables, such as household heads’ race and gender, region, household size and household composition, play an important role in fruit and vegetable consumption for both categories of household. In contrast, urban status, household heads’ educational level and age are not found to have a statistically significant impact for low-income households. Conditional price elasticities indicate that processed fruits and vegetables, fresh fruits and fresh...
Tipo: Presentation Palavras-chave: Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety.
Ano: 2012 URL: http://purl.umn.edu/123946
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A Choice Model with Systematic Structures in Decision Weights AgEcon
Hu, Wuyang.
This article introduces a discrete choice model which incorporates a nonlinear structural adjustment to the standard utility coefficients or decision weights. The proposed model is theoretically and empirically appealing when compared to several alternative approaches, and it can be estimated by conventional maximum likelihood. Application of the proposed model in a case study shows that it outperforms two competing approaches in model fit. Given its simplicity, this model is also capable of revealing consumers' heterogeneous choices. It is shown that based on consumers' different characteristics, their product choice and its welfare implications are also potentially different.
Tipo: Journal Article Palavras-chave: Logit models; Stated choice; Structural adjustment; Weights; Demand and Price Analysis.
Ano: 2007 URL: http://purl.umn.edu/7076
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A CHOICE-EXPERIMENT BASED ANALYSIS OF PROTECTION MOTIVATION THEORY: HEALTH RELATED BEHAVIOR OF CONSUMERS WITH CELIAC DISEASE AgEcon
Zhang, Jing; Steiner, Bodo E..
The underlying components of protection motivation theory (PMT; Rogers 1983) are explored through choice experiment-based analysis within a random utility framework, to account for some of the motivational, cognitive, and affective processes that likely affect celiacs’ propensity to use a novel health-risk reducing product. Those four groups of variables that are aimed to capture threat appraisal and coping appraisal processes as part of the standard PMT (Rogers 1975, 1983; Floyd et al. 2000) are found to contribute significantly to explaining the adaptive response of celiacs. Self-assessed vulnerability and perceived product efficacy form a most significant part of respondents’ threat appraisal process. Standard socio-demographic and lifestyle...
Tipo: Conference Paper or Presentation Palavras-chave: Celiac disease; Protection motivation theory; Choice experiments; Confidence; Risk perceptions; Vulnerability; Efficacy; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; D03; D12.
Ano: 2010 URL: http://purl.umn.edu/116454
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A Cointegration Analysis of Wool Prices AgEcon
Chang, Hui-Shung (Christie).
Based on cointegration analysis and monthly data from 1976.8 to 1999.10, a long-run equilibrium relationship was found to exist between prices for wools of 19 to 23 microns, despite the wool Reserve Price Scheme operated until February 1991. Furthermore, the prices for 19, 20 and 21 micron wools were found to be weakly exogenous. The latter result suggested that, although co-integrated, prices for finer wools tended to be less volatile than coarser wools. The implications are that wool producers would enjoy more stable prices by producing finer wools and that cross-hedging is possible given co-movements of prices.
Tipo: Working or Discussion Paper Palavras-chave: Cointegration; Error correction model; Reserve price scheme; Wool marketing.; Demand and Price Analysis; Livestock Production/Industries; Marketing.
Ano: 2000 URL: http://purl.umn.edu/12929
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A Comment on Supply and Demand Stabilization and Welfare in Agriculture - A Measure of Producers' Welfare AgEcon
Wolanowski, A.M.; Strong, S.M..
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1978 URL: http://purl.umn.edu/10302
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A COMPARATIVE ANALYSIS OF AGRICULTURAL TRACTOR INVESTMENT MODELS AgEcon
Vanzetti, David; Quiggin, John C..
An implicit rental price approach is used to analyse the determinants of farm tractor investment at the aggregate level. Three models, based on different assumed factor substitutabilities, are compared. Variations in the rental price of tractors appear to have less effect on demand than variations in factors affecting the profitability of the cropping enterprise as a whole. The implications for forecasting and for policy instruments, such as the investment allowance, are discussed.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Research Methods/ Statistical Methods.
Ano: 1985 URL: http://purl.umn.edu/22521
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A comparative analysis of the purchase motivations of Fair Trade products: the impact of social capital AgEcon
De Devitiis, Biagia; D'Alessio, Massimiliano; Maietta, Ornella Wanda.
Objective of this paper is to analyse the motivations in the purchase of Fair Trade (FT) food products sold in the World Shops (WS) in order to characterize WS consumer profiles according to the ethical content of their motivations. A questionnaire has been distributed, at this end, to a sample of consumers in Emilia Romagna, Puglia and in Campania. A principal component analysis has been performed in order to identify the main motivations in the purchase. On the basis of these results, consumers have been classified, by applying a cluster analysis, in homogenous segments. The cluster analysis reveals that 76% of consumers in Emilia Romagna buy FT products for an ethical motivation, 56% of consumers in Puglia and 43% of consumers in Campania buy these...
Tipo: Conference Paper or Presentation Palavras-chave: Ethical consumer; Fair trade; Social capital; Demand and Price Analysis; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/44148
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A Comparative Assessment of the Broiler:Corn Ratio and Its Impact on Broiler Processors' Profitability AgEcon
Hamm, Sandra J.; Goodwin, Harold L., Jr.; McKenzie, Andrew M..
Input prices for broiler production, particularly corn, are becoming increasingly volatile due to increasing competition for corn from ethanol and biofuels production suggesting volatility in poultry profits will follow indicator of profits relating feed input prices and broiler meat output prices, such as a Broiler:corn ratios. Total chicken exports, total chicken ready-to-cook production, number of eggs set, number of chicks placed, and cold storage chicken inventory are used to estimate. Utilizing a distributed lag model, seventeen years of data for three Broiler:corn ratios, broiler exports, egg set, chick placements, cold storage stocks, and ready-to-cook broiler production were utilized to estimate stock share price for four major broiler producers.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis; Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/6665
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A COMPARATIVE THEORETICAL ANALYSIS OF THE IMPACT OF THE FOOD STAMP PROGRAM AS OPPOSED TO CASH TRANSFERS ON THE DEMAND FOR FOOD AgEcon
Phillips, Kathryn S.; Price, David W..
Comparative analysis of food demand expansion of a cash program, as compared to the food stamp program, is important for measuring trade-offs between goals of raising farm income and increasing food expenditures of the poor. A theoretical basis for assessing food demand impacts under each program is presented. Two effects are analyzed: 1) The effect on food demand of the individual household and 2) The effect of food demand at the aggregate level. Both indifference curve analysis and psychological need level theory are used.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Food Security and Poverty.
Ano: 1982 URL: http://purl.umn.edu/32419
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A COMPARISON OF DEMANDS FOR MEAT PRODUCTS IN THE PACIFIC RIM REGION AgEcon
Capps, Oral, Jr.; Tsai, Reyfong; Kirby, Raymond; Williams, Gary W..
The Rotterdam model is used to obtain estimates of demand parameters for meat products in Taiwan, South Korea, and Japan. Unlike most previous studies of demand systems, the model takes into account simultaneous-equation bias which arises due to the endogeneity of total expenditure. Beef, pork, and chicken are separable from marine products for each Pacific Rim country. However, demand elasticities for beef, pork, and chicken are different among the various Pacific Rim nations. One may not then use the elasticity estimates of a particular country and apply them to other Pacific Rim markets.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1994 URL: http://purl.umn.edu/31223
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A Comparison of Imputation Methods under Large Samples and Different Censoring Levels (PowerPoint) AgEcon
Lopez, Jose Antonio.
PowerPoint Presentation
Tipo: Conference Paper or Presentation Palavras-chave: Imputation methods; Multiple imputation; Censored prices; Protein demand; Elasticities; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods; C81; Q11; R21.
Ano: 2011 URL: http://purl.umn.edu/109894
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A Comparison of Price Imputation Methods under Large Samples and Different Levels of Censoring. AgEcon
Lopez, Jose Antonio.
Research paper
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics; Demand and Price Analysis; Research Methods/ Statistical Methods; Imputation methods; Multiple imputation; Censored prices; Protein demand; Elasticities.
Ano: 2011 URL: http://purl.umn.edu/104498
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A COMPARISON OF PRICING STRUCTURES AT VIDEO AND TRADITIONAL CATTLE AUCTIONS AgEcon
Bailey, DeeVon; Peterson, Monte C..
The number of cattle sold through video auctions has increased dramatically during the past five years. In this study structural differences in pricing between a group of traditional auctions and the nation's largest satellite video cattle auction are examined. A Chow test for structural pricing differences reveals that the influence of lot characteristics, market information, and merchandising strategies on cattle prices are essentially identical at both types of auctions. However, optimal lot size is larger at video auctions than at traditional auctions.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1991 URL: http://purl.umn.edu/32603
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A Comparison of the Effectiveness of Using Futures, Options, LRP Insurance, or AGR-Lite Insurance to Manage Risk for Cow-calf Producers AgEcon
Feuz, Dillon M..
A comparative analysis was performed looking at using cash, futures, options, or insurance to manage the price of calves for cow-calf producer. Risk can be reduced with the futures market and with options or LRP insurance. Options and LRP insurance are equivalent in the amount of risk that is reduced. AGR-Lite does not appear to be an effective policy at reducing risk for cow-calf producers.
Tipo: Conference Paper or Presentation Palavras-chave: Cow-calf risk; Feeder cattle futures; Options; LRP Feeder Cattle; AGR-Lite; Agribusiness; Agricultural Finance; Demand and Price Analysis; Farm Management; Financial Economics; Livestock Production/Industries; Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/53046
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A COMPETITIVENESS STUDY OF FOUR RICE PRODUCTION SYSTEMS IN TRINIDAD AND TOBAGO AgEcon
Seecharan, Denny; Jacque, Andrew Eliel.
Rice imports into Trinidad and Tobago in 2005 represented approximately 95% of domestic demand. Local production has been declining since reaching a peak of 21,000 tonnes in 1992. Present production is 3,500 tonnes. Rice is produced under a variety of production systems and on farms of varying sizes, productivity and quality of output. This paper examines the competitiveness of four production systems used in Trinidad and Tobago, viz.: the transplanting system (ST), the broadcast seeded system (SB)(both being small farms and highly labour intensive), the partially mechanized system of medium sized farms (MM) and a fully mechanized large farm utilizing aerial technology in the production system (CRP). The methodology involved the collection of data on...
Tipo: Conference Paper or Presentation Palavras-chave: Rice; Policy analysis matrix; Competitiveness; Comparative advantage; Production systems; Trinidad and Tobago; CAES; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Demand and Price Analysis; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/36948
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