Agricultural and Resource Economics Commons^™

An Analysis Of Supply Contracts In The Livestock Markets Of The United States, Doussou Traore

Department of Agricultural Economics: Dissertations, Theses, and Student Research

In this report, we discuss market relations in the cattle and beef sector of the United States by setting up a sequence of optimization decisions taken by cattle feeders (producers, sellers) and meat packers (processors, buyers) to solve for the equilibrium supply and demand proportions in the contract market in a first stage given the respective degrees of risk aversion for the representative producer and processor. Subsequently we derive the impacts of contracts, namely impacts on the spot market price and the processors’ ability to exercise oligopsony power, in a second stage. Using a model for a fixed-price contract, the …

Essays On Equity-Efficiency Trade Offs In Energy And Climate Policies, Juan P. Sesmero

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Economic efficiency and societal equity are two important goals of public policy. Energy and climate policies have the potential to affect both. Efficiency is increased by substituting low-carbon energy for fossil energy (mitigating an externality) while equity is served if such substitution enhances consumption opportunities of unfavored groups (low income households or future generations). However policies that are effective in reducing pollution may not be so effective in redistributing consumption and vice-versa. This dissertation explores potential trade-offs between equity and efficiency arising in energy and climate policies.

Chapter 1 yields two important results. First, while effective in reducing pollution, energy …

Energy Restriction During Development In Breeding Gilts: An Economic Analysis, Justin Cech

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Swine production has become a low-margin business. As costs of production have increased, producers are continuing to increase efficiency in market pig production and gilt development. Restricting energy intake during gilt development could have a positive impact on a producer’s bottom line, but few studies have economically analyzed production differences caused by energy restriction.

This study utilized gilt development and market pig production data from biological studies that included a 2x2 factorial arrangement of half-sibling maternal lines (LWxLR and L45X) entering two gilt development programs. In one program, gilts were fed on an ad libitum basis. In the other, gilts …

Essays On Industrial Organization And Environmental Economics, Gibson Nene

Department of Agricultural Economics: Dissertations, Theses, and Student Research

This dissertation studies environmental regulation issues in the hog production industry as well as forces behind the reorganization of the industry during the past two decades. Federal and State-level environmental regulations imposed on U.S. hog production during the year 2003 are examined in Chapter 1. Based on the number of regulations passed by the Federal government and states, the 2003 regulatory index is constructed. The regulatory stringency index suggests that state-level regulations vary across states and have increased over the years. In addition, state-level regulations are more stringent than federal regulations. Chapter 2 develops an empirically implementable theoretical model which …