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Registros recuperados: 13
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Analyses of Generic Dairy Advertising, 1984-97 AgEcon
Blisard, Noel; Blayney, Donald P.; Chandran, Ram; Allshouse, Jane E..
Generic advertising raised fluid milk sales about 6.0 percent, or 18.1 billion pounds, between September 1984 and September 1997. Sales of cheese rose by about 6.8 billion pounds (milk equivalent) in the same period because of increased generic advertising. An assessment of 15 cents per hundredweight of milk sold commercially, mandated by the Dairy and Tobacco Adjustment Act of 1983, funded the advertising. Activities of the National Fluid Milk Processor Promotion Board also contributed to increased milk sales over the past year. Gross returns to dairy farmers between September 1984 and September 1997 were estimated to increase by $3.44 for each dollar spent on generic advertising.
Tipo: Report Palavras-chave: Cheese; Fluid milk; Advertising; Demand; Entry; Exit; Distributed lag; Econometrics; Simulation; Elasticities; Milk Processor Education Program; Livestock Production/Industries; Marketing.
Ano: 1999 URL: http://purl.umn.edu/33554
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Collective Reputation, Entry and Minimum Quality Standard AgEcon
Rouviere, Elodie; Soubeyran, Raphael.
This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality standard. Second, we argue that a minimum quality standard can induce firms to enter the market. Contrary to conventional wisdom, a minimum quality standard should not always be considered as a barrier to entry.
Tipo: Working or Discussion Paper Palavras-chave: Collective Reputation; Entry; Minimum Quality Standard; Industrial Organization; L11; H41; I18; Q18.
Ano: 2008 URL: http://purl.umn.edu/6325
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Collective Reputation, Entry and Minimum Safety Standard AgEcon
Rouviere, Elodie; Soubeyran, Raphael.
This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality standard. Second, we argue that a minimum quality standard can induce firms to enter the market. Contrary to conventional wisdom, a minimum quality standard should not always be considered as a barrier to entry.
Tipo: Conference Paper or Presentation Palavras-chave: Collective Reputation; Entry; Minimum Quality Standard; Institutional and Behavioral Economics.
Ano: 2008 URL: http://purl.umn.edu/44465
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COMPETITION VS. QUALITY IN AN INDUSTRY WITH IMPERFECT TRACEABILITY AgEcon
Rouviere, Elodie; Soubeyran, Raphael.
Tipo: Conference Paper or Presentation Palavras-chave: Entry; Externality; Minimum Quality Standard; Quality; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; L15; L5.
Ano: 2010 URL: http://purl.umn.edu/116407
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Decision to Adopt and Exit Best Management Practices by Dairy Farmers AgEcon
Hall, Larry M.; Paudel, Krishna P.; Gauthier, Wayne M.; Westra, John V..
Dairy farmers in Louisiana were surveyed to find out the factors leading these farmers to terminate best management practices. Results indicated that only few farmers have exited the practices once they adopt those. However, the longevity of best management practices adoption can be increased by emphasizing on education and targeting to operators who have already been in dairy practices for a longer time period.
Tipo: Conference Paper or Presentation Palavras-chave: Best management practices; Dairy; Entry; Exit; Louisiana; Farm Management; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/9890
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Effect of Plant Location Decisions on Raw Material Input Prices AgEcon
Burton, Diana M.; Love, H. Alan.
In processing industries, plant location decisions are costly and have consequences for firm profitability. When raw materials are heavy or perishable, transportation costs limit shipping distances and processors must compete locally for raw material inputs. To determine the likely profitability of a new plant, a processor must forecast the effect entry will have on local post-entry raw material price. This requires anticipating how entry will affect market structure and intensify competition for raw materials. Using an econometric representation of game-theoretic Nash equilibria relating input prices to processor competition in local procurement areas, an empirical model is developed to ex ante forecast the likely impact of entry on input price. The...
Tipo: Conference Paper or Presentation Palavras-chave: Input price; Entry; Agribusiness; Industrial Organization; Livestock Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/103323
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Factors Affecting the Decision to Adopt and Continue Best Management Practices by Broiler Producers AgEcon
Paudel, Krishna P.; Devkota, Nirmala.
We analyzed survey data collected from broiler producers in Louisiana to understand the factors affecting the longevity of best management practices adoption. Results indicated variables such as future expansion potential and the length of time the farm have been with the family decreases the chance of adopting best management practices. Our results support the idea that education and income would have positive results on the entry decision to adopt best management practices.
Tipo: Conference Paper or Presentation Palavras-chave: Adoption; Best management practices; Broiler production; Entry; Exit; Farm Management; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/9851
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Farm Operator Entry and Exit Behavior: A Longitudinal Analysis AgEcon
Adamson, Dwight W.; Waugh, Andrew.
Farm structure is experiencing a persistent change. Since the early 1980s, US farms specializing in crops have constantly declined in number and grown in average size. Crop production has moved to large farms at the expense of small and medium sized farms. This shift in farm structure to more concentrated production is complex. Market forces such as technological change and changing factor input prices are likely contributors as they have been in the past. Another factor that has generated considerable interest is the role of commodity program payments. Commodity payments are tied to a farm’s current or historical production. Therefore, larger farms tend to receive the greatest share of commodity program payments. However, the extent that commodity...
Tipo: Presentation Palavras-chave: Farm Operator; Entry; Exit; Community/Rural/Urban Development; Labor and Human Capital; Q12; J61; J62.
Ano: 2012 URL: http://purl.umn.edu/124053
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Farmers' Exit Decisions and Early Retirement Programs in Finland AgEcon
Pietola, Kyosti; Vare, Minna; Oude Lansink, Alfons G.J.M..
This paper estimates farmer decisions between three discrete occupational choices: exit and close down the farming operation (1), exit and transfer the farm to a new entrant (2), or continue farming and retain the option to exit later on (3). The farmer optimisation problem is formulated as a recursive optimal stopping problem. The unknown parameters are first estimated by a switching-type, reduced form Probit models and, then by the Simulated maximum likelihood (SML) method, controlling for serial correlation in the errors. Serial correlation in the errors is controlled for by the Geweke-Hajivassiliou-Keane (GHK) simulation technique. The results suggest that the timing and the type of farmer exit decisions respond elastically to farmer characteristics,...
Tipo: Conference Paper or Presentation Palavras-chave: Exit; Entry; Dynamic programming; Switching-type Probit; Simulated Maximum Likelihood; Labor and Human Capital.
Ano: 2002 URL: http://purl.umn.edu/24825
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The Impact of Wal-Mart Supercenters on Supermarkets’ Profit Margins AgEcon
Liu, Xiaoou; Lopez, Rigoberto A..
The Impact of Wal-Mart Supercenters on Supermarkets’ Profit Margins. XIAOOU LIU (Email: xiaoou2010@gmail.com, School of Agricultural Economics and Rural Development, Renmin University of China, Beijing, China 100872) RIGOBERTO LOPEZ (Professor and Department Head, Department of Agricultural and Resource Economics, Storrs, CT 06269) This paper quantifies the impact of Wal-Mart Supercenters on supermarkets’ profitability via a two-stage dynamic entry game, using simulated methods of moment and milk scanner data from Dallas/Fort Worth supermarkets. The empirical findings show that the entry of Wal-Mart Supercenters accounts for about an average of 50% decreases in profit margins for incumbent supermarkets. The effect of scale of economies is found to be more...
Tipo: Conference Paper or Presentation Palavras-chave: Wal-Mart; Entry; Profit margins; Dynamic games; Industrial Organization.
Ano: 2010 URL: http://purl.umn.edu/61800
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Vertical Integration and Operational Flexibility AgEcon
Michele, Moretto; Gianpaolo, Rossini.
The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose, we go through the selection of the optimal degree of vertical disintegration of a flexible firm which operates in a dynamic uncertain environment. The enterprise we model enjoys flexibility since it can switch from a certain amount of disintegration to vertical integration and viceversa. This means that the firm never loses vertical control, i.e., the ability to produce all inputs even when it buys them in the market. This sort of flexibility makes for results which are somehow contrary to the Industrial Organization recent literature and closer to the Operations Research results. In this sense we provide a bridge between the two approaches...
Tipo: Working or Discussion Paper Palavras-chave: Vertical Integration; Outsourcing; Entry; Flexibility; L24; G 31; C61.
Ano: 2008 URL: http://purl.umn.edu/36759
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Wal-Mart, Oligopsony Power and Entry: an Analysis of Local Labor Markets AgEcon
Bonanno, Alessandro.
Wal-Mart, the largest retailer worldwide, has been suspected of exercising market power over input providers, both merchandise suppliers and workers. However, in spite of a growing body of literature investigating the beneficial economic impact of the company through its price-lowering effect, research analyzing the company’s economic impact over input suppliers is limited. This paper presents a general framework which can be used to investigate Wal-Mart’s market power over input suppliers, vis-à-vis a variation in input productivity, focusing on homogenous intermediate goods supplied locally. The model is general enough to account for incumbents’ reaction to Wal-Mart’s entry resulting in exit, entry and changes in the production technology. A simplified...
Tipo: Conference Paper or Presentation Palavras-chave: Wal-Mart; Oligopsony power; Entry; Wages; Industrial Organization; Labor and Human Capital; L13; L81; J42.
Ano: 2009 URL: http://purl.umn.edu/49599
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Why Do Rural Firms Live Longer? AgEcon
Yu, Li; Orazem, Peter F.; Jolly, Robert W..
Rural firms have a higher survival rate than urban firms. Over the first 13 years after firm entry, the hazard rate for firm exits is persistently higher for urban firms. While differences in firm attributes explain some of the rural-urban gap in firm survival, rural firms retain a survival advantage 18.5% greater than observationally equivalent urban firms. We argue that in competitive markets, the remaining survival advantage for rural firms must be attributable to unobserved factors that must be known at the time of entry. A plausible candidate for such a factor is thinner markets for the capital of failed rural firms. The implied lower salvage value of rural firms suggests that firms sorting into rural markets must have a higher probability of success...
Tipo: Working or Discussion Paper Palavras-chave: Rural; Urban; Entry; Exit; Survival; Sorting; Salvage value; Community/Rural/Urban Development; Demand and Price Analysis; Financial Economics; Industrial Organization; Labor and Human Capital; Marketing; Production Economics; Productivity Analysis; Risk and Uncertainty; O18; L21; D92.
Ano: 2009 URL: http://purl.umn.edu/54081
Registros recuperados: 13
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