Agricultural and Resource Economics Commons^™

A Transition From Agriculture To Regenerative Food Systems, Kenneth Dahlberg

Kenneth Dahlberg

Heterogeneous Demand And Order Of Resource Extraction, Ujjayant N. Chakravorty, Darrell Krulce

Ujjayant Chakravorty

No abstract provided.

Markdown Pricing And Cattle Supply In The Beef Packing Industry, Kyle Stiegert, Azzeddine Azzam, Wade Brorsen

Azzeddine Azzam

The authors determine the effect of anticipated and unanticipated cattle supply on the departure of fed cattle price from cattle's marginal value product. Results indicate fed cattle were priced significantly below their marginal value during thirty-one of the fifty-nine quarters between 1972 II and 1986 IV. When unanticipated supply shocks are small, markdown behavior is consistent with the hypothesis that packers follow an average processing cost pricing rule. One implication of the authors' results is that reducing industry concentration is not likely to lead to changes in cattle prices predicted by structure-conduct-performance-based studies of the industry.

Randomly Drawn Opportunity Sets In A Random Utility Model Of Lake Recreation, George R. Parsons, Mary Jo Kealy

George Parsons

No abstract provided.

Controlling The Abandonment Of Automobiles: Mandatory Deposits Vs Fines, Dwight Lee, Philip E. Graves, Robert L. Sexton

Robert L Sexton

There is no abstract, but the paper describes first-best solutions to the abandonment of automobiles, arguing that litter fines are inefficient with or without a mandatory deposit. However, the latter can generate first-best optimality.

Controlling The Abandonment Of Automobiles: Mandatory Deposits Vs Fines, Dwight Lee, Philip E. Graves, Robert L. Sexton

Robert L Sexton

There is no abstract, but the paper describes first-best solutions to the abandonment of automobiles, arguing that litter fines are inefficient with or without a mandatory deposit. However, the latter can generate first-best optimality.

Controlling The Abandonment Of Automobiles: Mandatory Deposits Vs Fines, Dwight Lee, Philip E. Graves, Robert L. Sexton

PHILIP E GRAVES

There is no abstract, but the paper describes first-best solutions to the abandonment of automobiles, arguing that litter fines are inefficient with or without a mandatory deposit. However, the latter can generate first-best optimality.

Benefits Transfer: Conceptual Problems In Estimating Water Quality Benefits Using Existing Studies, William H. Desvouges, Michael C. Naughton, George R. Parsons

George Parsons

Marketing Margins, Market Power, And Price Uncertainty, John Schroeter, Azzeddine Azzam

Azzeddine Azzam

This paper provides a conceptual and empirical framework for analyzing marketing margins in a noncompetitive food-processing industry facing output price uncertainty. The framework allows for the decomposition of observed margins into components reflecting the marginal cost of the processing industry, oligopoly/oligopsony price distortions, and an output price risk component. The empirical procedure is applied to a time series of spreads between wholesale pork prices and farm prices of market hogs. The principal finding is that, while farm/wholesale margins are more consistent with competitive performance now than they were fifteen years ago, the output price risk component persisted throughout the sample …

Efficient Spatial Allocation Of Irrigation Water, Ujjayant N. Chakravorty, James Roumasset

Ujjayant Chakravorty

In the presence of conveyance losses, the efficient quantity of water applied falls with distance from the water source, but the amount of water "sent" (including conveyance losses) actually increases with distance from the source, except toward the tail end of the irrigation system. This implies that if marginal cost pricing were implemented, farmers at the middle and lower reaches of the system would have to pay more money for less water received. The model is illustrated and alternative financing schemes compared for an empirically derived demand function for irrigation water.

Jual Obat Aborsi Medan Kota Medan Sumatra Barat Silahkan Fon 082242266717, Acep Shop

acep shop

Testing Oligopolistic And Oligopsonistic Behaviour: An Application To The U.S. Meat-Packing Industry, Azzeddine Azzam, Emilio Pagoulatos

Azzeddine Azzam

This paper extends the conjectural approach in industrial organization to the analysis of imperfections in output and factor markets. Starting from the specification of a production function, the econometric analysis is based on the formulation and estimation of a simultaneous-equation model consisting of production function, first-order conditions associated with factor employment, and two conjectural elasticities to parameterize the industry's oligopoly and oligopsony equilibria. As an example, we provide and application to the U.S. meat-packing industry. Our results suggest that the industry exercises market power in both the output (meat) market and the factor (live animal) market.

Competitive Oil Prices And Scarcity Rents When The Extraction Cost Function Is Convex, Ujjayant N. Chakravorty, James Roumasset

Ujjayant Chakravorty

The relationship between the time path of equilibrium prices and scarcity rents in the case of exhaustible resources depends on the nature of the extraction cost function. This paper examines the characteristics of the resource price path and scarcity rents when the extraction cost function is increasing and convex - a shape that seems to predominate in empirical work, especially in the case of oil. Scarcity rents eventually decline and the competitive price path inflects at the point where the scarcity rents stop rising. The theory is illustrated by using realistic cost and demand estimates from the oil industry.

An Almost Ideal Demand System For Housing Attributes, George R. Parsons

George Parsons

No abstract provided.