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Registros recuperados: 18
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About the Efficiency of Input vs. Output Quotas AgEcon
Merel, Pierre R..
Output quotas are known to be more efficient than input quotas in transferring surplus from consumers to producers. Input quotas, by distorting the shadow prices of inputs, lead to inefficient production and generate larger deadweight losses, for a given amount of surplus transferred. Yet, input quotas have been a ubiquitous tool in agricultural policy. Practicality considerations, as well as the difficulty to control outputs that heavily depend on stochastic weather conditions, are arguments that help understand why policy makers may favor input quotas over output quotas. In this paper, we offer an additional explanation that rests on efficiency considerations. Assuming that the regulator only has limited knowledge about the market fundamentals (supply...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy; H2; L2; Q1.
Ano: 2006 URL: http://purl.umn.edu/25391
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Accounting for Heterogeneity in Hedging Behavior: Comparing & Evaluating Grouping Methods AgEcon
Pennings, Joost M.E.; Garcia, Philip; Irwin, Scott H..
Heterogeneity, i.e., the notion that individuals respond differently to economic stimuli, can have profound consequences for the interpretation of behavior and the formulation of agricultural policy. This paper compares and evaluates three grouping techniques that can be used to account for heterogeneity in financial behavior. Two are well established: company-type grouping and cluster analysis. A third, the generalized mixture regression model, has recently been developed and is worth considering as market participants are grouped such that their response to the determinants of economic behavior is similar. We evaluate the grouping methods in a hedging framework by assessing their ability to reflect relationships consistent with theory. The empirical...
Tipo: Conference Paper or Presentation Palavras-chave: Economic behavior; Heterogeneity; Hedging; Methods; Risk and Uncertainty; A10; B40; C1; D0; G0; L2; Q13.
Ano: 2011 URL: http://purl.umn.edu/114787
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An Investigation of Significant Factors Influencing Western Australian Wool Producers to Produce Wool: A Structural Equation Modelling Approach AgEcon
Quaddus, Mohammed; Islam, Nazrul; Stanton, John.
Why Australian wool producers remained in the business despite the hardship they have experienced for much of the 1990s from low prices of wool? This question was raised frequently by research scientists and policymakers of the wool industry. A recent exploratory study gives a notion that Australian wool production could be a 'lifestyle' choice and/or a choice other than economic reasons. To validate this notion this paper investigates the factors that drive and motivate the Western Australian wool producers, as identified in the exploratory study, by applying a Structural Equation Modelling approach. An innovative mixed research method is adopted in this study. Telephone survey is conducted among a random selection of 290 wool producers in WA. The results...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries; C21; L2; L7; Q10.
Ano: 2006 URL: http://purl.umn.edu/25275
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Brown Sunsets and Green Dawns in the Industrial Sector: Environmental Innovations, Firm Behavior and the European Emission Trading AgEcon
Borghesi, Simone; Cainelli, Giulio; Mazzanti, Massimiliano.
We study the driving forces behind the adoption of environmental innovations (EI) in the Italian industry over 2006-2008 through analyses of the new wave of Community Innovation Survey (CIS) data that covered for the first time environmental innovation adoptions. We investigate whether the first phase of EU ETS has exerted some effects on environmental innovations by using a very large sample of italian manufcturing firms. Estimates show that external forces and complementarity with other management practices are particularly relevant to increase the adoption of relatively new and radical technologies: relationships with other firms and institutions, local public funding, group membership are the key factors. The role of ETS on EI seems instead to be weak:...
Tipo: Working Paper Palavras-chave: Environmental Innovation; Industrial Sectors; ETS; Innovation Drivers; CIS Data; Environmental Economics and Policy; C21; L2; O33; Q38; Q55.
Ano: 2012 URL: http://purl.umn.edu/121701
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Does Network Matter in International Expansion? Evidence from Italian SMEs AgEcon
Petruzzellis, Luca; Gurrieri, Antonia Rosa.
In order to face the new competitive scenario, Apulian textile firms are involved in a process of change and are trying to adopt a networking approach in analysing the international propensity of SMEs. The case of the textile network in Apulia has been analysed using a semi-structured questionnaire submitted to a sample of family businesses in order to verify the influence of network on their internationalisation process. The contribution that the network can give to the single firm in its internationalisation process depends also on the level of cooperation in the network. In fact, relationships – at least dual vertical relationships – are the key to overcoming size limit and providing value to all the partners involved. The research attempted to offer a...
Tipo: Working or Discussion Paper Palavras-chave: Internationalisation Strategies; Network Approach; L2; D85.
Ano: 2008 URL: http://purl.umn.edu/42918
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Healthy Competition in the Animal Health Industry AgEcon
Buhr, Brian L.; Holtkamp, Derald; Sornsen, Steve.
Tipo: Journal Article Palavras-chave: Pharmaceutical Industry; Five Forces; Animal Health; Veterinary; Competition; Economics; Agribusiness; Livestock Production/Industries; Q13; Q18; L11; L22; L2; L66.
Ano: 2011 URL: http://purl.umn.edu/104213
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Intelligent data analysis - support for development of SMEs sector AgEcon
Grljevic, Olivera; Bosnjak, Sasa; Bosnjak, Zita.
The paper studies possibilities of intelligent data analysis application for discovering knowledge hidden in small and medium-sized enterprises’ (SMEs) data, on the territory of the province of Vojvodina. The knowledge revealed by intelligent analysis, and not accessible by any other means, could be the valuable starting point for working out of proactive and preventive actions for the development of the SMEs sector.
Tipo: Journal Article Palavras-chave: Intelligent data analysis; CRISP-DM; Clustering; Small and medium enterprises.; Research and Development/Tech Change/Emerging Technologies; C8; L2.
Ano: 2009 URL: http://purl.umn.edu/94579
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Less Discussed Dynamics in the Czech Farm Structure Development AgEcon
Curtiss, Jarmila; Ratinger, Tomas; Medonos, Tomas.
The paper provides an empirical study of the dynamics of ownership changes in Czech agricultural companies, which are assigned by unique heterogeneity in ownership forms. Since employee ownership has retained a relatively important place in these structures, neoclassical, as well as institutional theories of labour managed firms are considered. Building upon efficiency arguments, both approaches suggest the dissolution of labour managed firms. The empirical analysis utilized detailed survey data from 2004 and accountancy data from 1997 to 2003. We used cluster analysis to classify companies into homogeneous groups with respect to their ownership structure and stage of restructuring, and analysed these characteristics in relation to performance indicators....
Tipo: Conference Paper or Presentation Palavras-chave: Cluster analysis; Czech agriculture; Ownership; Large-scale farms; Performance; Principal; Component analysis; Farm Management; D2; L1; L2.
Ano: 2006 URL: http://purl.umn.edu/25337
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Location Choice Behavior of Gulf of Mexico Shrimpers under Dynamic Economic Conditions AgEcon
Ran, Tao; Keithly, Walter R., Jr.; Kazmierczak, Richard F., Jr..
This study uses a mixed logit model to analyze monetary and nonmonetary factors that influence location choice behavior of the U.S. Gulf of Mexico shrimpers. Shrimpers’ responses to economic conditions are compared and contrasted for two periods related to changing economic conditions in the industry. Results show that even though shrimpers are generally revenue driven in choosing a fishing site, their past experience also plays an important role. Further, changes in economic conditions appear to exhibit an influence on the risk attitudes of some shrimpers.
Tipo: Journal Article Palavras-chave: Location choice; Loyalty; Mixed Logit; Risk averse; Shrimp fishery; Resource /Energy Economics and Policy; Q2; L2.
Ano: 2011 URL: http://purl.umn.edu/100648
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One Player Games versus Two Player Games: Comparing Agribusiness Cooperatives with Investor-Owned Business Models AgEcon
Parker, Frederick.
Cooperative business firms are prevalent in agribusiness, yet no concise generalized model exists to demonstrate how and why cooperative firms differ from, and may be selected over, the more common investor owned business firm. It is shown within a generic transaction game that cooperatives fill both producer and consumer roles as an aggregated player that is expected to maximize aggregate producer and consumer payoffs rather than maximizing either payoff separately, which contrasts with investor owned firms as essentially two player games between separate and competing producers and consumers where each player seeks to maximize their separate payoff individually. A cardinally valued game theoretic matrix is used to demonstrate the expected differences...
Tipo: Conference Paper or Presentation Palavras-chave: Cooperatives; Game Theory; Collective Action; Agricultural Economics; Theory of the Firm; Agribusiness; B5; C7; D7; L2; L3; Q1.
Ano: 2011 URL: http://purl.umn.edu/100691
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Pay-At-The-Pump Auto Insurance AgEcon
Khazzoom, J. Daniel.
PAY-AT-THE-PUMP is a proposal to replace the current insurance system of lump sum payments for automobile insurance by a mechanism whereby motorists pay for their insurance as they buy fuel for their vehicles. PAY-AT-THE-PUMP has several advantages. It reduces insurance cost and cross subsidies and enhances equity. It also benefits the environment, safety, balance of payments, and security. In this paper we study limited but very important issues in the theory and implementation of PAY-AT-THE-PUMP insurance. We address issues of efficiency, subsidy, equity, externalities, safety, insurance cost and cost of insuring the uninsured motorist under a PAY-AT-THE- PUMP regime. We use the insurance industry's criticisms of mandatory auto insurance as a lens...
Tipo: Working or Discussion Paper Palavras-chave: Converting fixed to variable cost; Efficient pricing of auto insurance; Environmental benefit of Pay-at-the-Pump; Exposure risk; Insurance cost; Insurance externalities; Mandatory insurance; Safety; Uninsured motorist; Universal auto insurance; Risk and Uncertainty; L2; L9; M2; Q2; Q4; R4.
Ano: 2000 URL: http://purl.umn.edu/10906
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Quality Provision and Farmer Inclusion of Agricultural Cooperatives AgEcon
Yu, Jianyu.
The paper aims to analyze the quality provision and inclusion of farmers by a farmer-owned cooperative (co-op) when it competes with an investor-owned firm (IOF). A model of mixed oligopsonistic competition is developed to capture the endogenous participation of farmers who are heterogeneous in their efficiency to provide quality. The results highlight an advantage of the co-op: by imposing a similar quality standard to the one imposed by the IOF, the co-op may drive the IOF out of the market. Due to this advantage, it is more likely that the co-op will set a high quality standard when the minimum quality standard is costly to farmers. This advantage, however, may induce an inefficient outcome if providing a high quality product involves a high fixed cost.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural cooperative; Mixed oligopsonistic competition; Farmer inclusion; Quality standard; Agribusiness; Industrial Organization; Q12; Q13; L1; L2.
Ano: 2009 URL: http://purl.umn.edu/51553
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Relational Contracting and Allocation of Decision Rights in the Agri-Food Industry: Producer Contracts and Food Safety AgEcon
Karantininis, Kostas; Graversen, Jesper T.; Rasmussen, Hans Jacob Nymann.
We apply a formal theoretical model of adaptation to two empirical settings within the agri-food industry: specialized pig production and food safety in Denmark. The objective is to allocate decision rights ex ante so that actual decisions taken ex post will optimize the profit accruing to the two parties in a contractual or integrative relation. Two applications are presented in this paper: First an actual partnership between two pork producers in Denmark. Based on detailed budgets we develop detailed schedules for the “reneging temptations” of the two partners- These are the temptations to renege on the contract during the evolution of the partnership. Using a model developed by Baker, Gibbons and Murphy (2006) we calculate equilibria using the Folk...
Tipo: Conference Paper or Presentation Palavras-chave: Theory of the firm; Adaptation theory; Contracts; Decision Rights; Pig production; Food safety; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Industrial Organization; D21; L2; Q1.
Ano: 2008 URL: http://purl.umn.edu/49877
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The Ancillary Carbon Benefits of SO2 Reductions from a Small-Boiler Policy in Taiyuan, PRC AgEcon
Morgenstern, Richard D.; Krupnick, Alan J.; Zhang, Xuehua.
To reduce carbon emissions worldwide, it makes sense to consider the possibility of developed countries paying for carbon reductions in developing countries. Developing countries may be interested in such activities if the ancillary air pollution benefits are large. This paper reports on an RFF survey of the emissions benefits (and costs) of reducing sulfur dioxide (SO2) emissions from small, coal-burning boilers in Taiyuan, an industrial, northern Chinese city that recently banned uncontrolled coal combustion in certain small boilers in the downtown area. We find significant carbon benefits in percentage terms-on the order of 50% to 95% reduction-associated with this SO2 control policy, with large reduction potential elsewhere in Taiyuan and China. While...
Tipo: Working or Discussion Paper Palavras-chave: Carbon; Air pollution; Informal sector; Ancillary benefits; Abatement costs; Survey; Environmental Economics and Policy; O12; L2; Q12; Q25; Q48.
Ano: 2002 URL: http://purl.umn.edu/10632
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THE CHANGING FACE OF FOOD RETAILING AgEcon
Senauer, Benjamin; Seltzer, Jonathan M..
Honorable Mention, Outstanding Choices Article Award, 2011
Tipo: Journal Article Palavras-chave: Food Retailing; Food Trends; Food Consumers; Grocery Purchasing; Agribusiness; Food Consumption/Nutrition/Food Safety; Marketing; L1; M1; L2; L8.
Ano: 2010 URL: http://purl.umn.edu/100790
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Tomato Wars: A Discussion of How International Trade, Structural Changes, and Competitiveness Affect the North American Produce Industry AgEcon
Estes, Edmund A..
The demand for a variety of fresh fruits and vegetables, including fresh market tomatoes, has increased significantly over the past decade because of greater convenience in use, improved selection, and rising health and diet concerns. As U.S. demand for tomatoes and other horticultural crops strengthens, inexperienced domestic and international suppliers believe they can compete effectively within U.S. markets. Free trade agreements have reduced monetary barriers to trade, but remaining impediments, such as institutional and competitive market constraints, represent significant challenges for southern U.S. growers. This paper discusses points addressed by VanSickle, Eastwood, and Woods concerning trade and horticultural market development.
Tipo: Journal Article Palavras-chave: Fruits; Marketing; NAFTA; Trade; Vegetables; F1; L1; L2; Q17; R3.
Ano: 2003 URL: http://purl.umn.edu/43207
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U.S. Meatpacking: Dynamic Forces of Change in a Mature Industry AgEcon
Buhr, Brian L.; Ginn, Bruce.
Tipo: Journal Article Palavras-chave: Meatpacking; Five Forces; Competition; Supply Chain; Vertical Coordination; Relevant Markets; Agribusiness; Livestock Production/Industries; Q13; Q18; L11; L22; L2; L66.
Ano: 2011 URL: http://purl.umn.edu/104210
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What Distinguishes EMAS Participants? An Exploration of Company Characteristics AgEcon
Bracke, Roeland; Verbeke, Tom; Dejonckheere, Veerle.
Empirical research on the characteristics of environmentally responsive companies has focussed almost exclusively on US and Japanese firms. For Europe, which is commonly considered as the greenest of the three major developed economic markets, similar research is lacking. This paper seeks to fill this gap by empirically investigating the business and financial characteristics, stakeholder pressure and public policies distinguishing companies that have implemented the European Eco-Management and Audit System (EMAS) and those that have not using a unique firm-level dataset of European publicly quoted companies. The contribution of this paper is twofold. First of all, the decision to implement EMAS has not been widely analysed. Secondly, we focus on European...
Tipo: Working or Discussion Paper Palavras-chave: EMAS; European Companies; Public Policy; Environmental Economics and Policy; L2.
Ano: 2007 URL: http://purl.umn.edu/9332
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