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Social and Behavioral Sciences Commons™
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Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
Interpreting Bids From A Vickrey Auction When There Are Public Good Attributes, Sean P. Hurley, James B. Kliebenstein
Interpreting Bids From A Vickrey Auction When There Are Public Good Attributes, Sean P. Hurley, James B. Kliebenstein
Agribusiness
This paper provides a model that allows for interpreting bids in a Vickrey auction when the good has public good attributes. It also examines information obtained from a Vickrey auction, which collected consumer’s willingness-to-pay for pork products that had embedded environmental attributes, and applies the new interpretation to the bids.
A Tale Of Two Premiums—Examining Bids From A Multiple Round Vickrey Auction With Differing Information Sets, Sean P. Hurley, James B. Kliebenstein
A Tale Of Two Premiums—Examining Bids From A Multiple Round Vickrey Auction With Differing Information Sets, Sean P. Hurley, James B. Kliebenstein
Agribusiness
Two definitions of willingness-to-pay derived from a Vickrey auction with multi-product and multiple rounds with different information sets are examined. These definitions are examined in the context of valuing pork products with embedded environmental attributes and we show how information can have adverse effects on a base product of comparison.
Dairy Cow Ownership And Child Nutritional Status In Kenya, Charles F. Nicholson, Lucy Mwangi, Steven J. Staal, Philip K. Thornton
Dairy Cow Ownership And Child Nutritional Status In Kenya, Charles F. Nicholson, Lucy Mwangi, Steven J. Staal, Philip K. Thornton
Agribusiness
This study examines the hypothesis that dairy cow ownership improves child nutritional status. Using household data from coastal and highland Kenya, three econometric model formulations are estimated. Positive impacts on chronic malnutrition are observed for coastal Kenya. No negative effects on acute or chronic malnutrition are found for either region.
Dairy Policy And Price Volatility, Charles F. Nicholson, Thomas Fiddaman
Dairy Policy And Price Volatility, Charles F. Nicholson, Thomas Fiddaman
Agribusiness
The US dairy industry is shaped by a patchwork of regulations accumulated over a long history of intervention to achieve various, sometimes conflicting, policy goals. Price supports have long been a central feature of dairy markets, but were largely withdrawn beginning in 1988. Since that time, there has been a dramatic increase in the variability of farm milk and milk product prices. The origins and desirability of volatility has been the subject of much debate; unfortunately models in existence to date have shed little light on the question due to their adoption of essentially non-dynamic methods. This article introduces a …
Predicting Nutritional Requirements And Lactation Performance Of Dual-Purpose Cows Using A Dynamic Model, O. Reynoso-Campos, D. G. Fox, R. W. Blake, M. C. Barry, L. O. Tedeschi, C. F. Nicholson, H. M. Kaiser, P. A. Oltenacu
Predicting Nutritional Requirements And Lactation Performance Of Dual-Purpose Cows Using A Dynamic Model, O. Reynoso-Campos, D. G. Fox, R. W. Blake, M. C. Barry, L. O. Tedeschi, C. F. Nicholson, H. M. Kaiser, P. A. Oltenacu
Agribusiness
A dynamic application of the Cornell Net Carbohydrate and Protein System (CNCPS) model was developed to predict annual cycles in animal nutrient requirements and performance of dual-purpose (milk and beef) cows. Interactions from mobilisation and repletion of body tissue reserves and feed biological values are accounted with a time step of one day, which considers physiological status of the animal, variation in dietary composition, and other environmental factors. This outcome was achieved by modifying the input and output structure of the CNCPS version 4.0 to compute body weight and changes in body reserves based on predicted milk production, intake of …