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Demand For Crop Insurance By Organic Corn And Soybean Farmers In Three Major Producing States, Ariel Singerman, Chad E. Hart, Sergio H. Lence 2017 Iowa State University

Demand For Crop Insurance By Organic Corn And Soybean Farmers In Three Major Producing States, Ariel Singerman, Chad E. Hart, Sergio H. Lence

Sergio H. Lence

A survey of organic grain and oilseed producers in Iowa, Minnesota and Wisconsin was conducted to collect information about their demographic characteristics, production and price risk management strategies, yields and losses, and crop insurance decisions. The data are analyzed using a discrete choice model to establish which variables influence organic producers’ decision of whether to purchase crop insurance and also which ones affect the insurance product choice when applicable. The study describes the risk profiles of organic producers, and analyzes whether significant variations exist between organic and conventional methods of production so as to quantitatively determine the differential production risk ...


Organic Crop Prices, Or 2x Conventional Ones?, Ariel Singerman, Sergio H. Lence, Amanda Kimble-Evans 2017 Iowa State University

Organic Crop Prices, Or 2x Conventional Ones?, Ariel Singerman, Sergio H. Lence, Amanda Kimble-Evans

Sergio H. Lence

Cointegration is tested between organic and conventional corn and soybean markets in several locations throughout the U.S. using a unique data set. Organic prices are found to behave like jump processes rather than diffusions, and Monte Carlo methods are developed to compute appropriate critical values for such tests. Findings indicate that no long-run relationship exists between organic and conventional prices, implying that price determination for organic corn and soybean is independent from that for the conventional crops. This suggests that organic corn and soybean prices are driven by demand and supply forces idiosyncratic to the organic market. For each ...


Progressive Antitrust, Herbert J. Hovenkamp 2017 University of Pennsylvania Law School

Progressive Antitrust, Herbert J. Hovenkamp

Faculty Scholarship

Several American political candidates and administrations have both run and served under the “progressive” banner for more than a century, right through the 2016 election season. For the most part these have pursued interventionist antitrust policies, reflecting a belief that markets are fragile and in need of repair, that certain interest groups require greater protection, or in some cases that antitrust policy is an extended arm of regulation. This paper argues that most of this progressive antitrust policy was misconceived, including that reflected in the 2016 antitrust plank of the Democratic Party. The progressive state is best served by a ...


Take Me Out To The Ball Game? The Effect Of Crime On Major League Baseball Game Attendance, Allison Jakubek 2017 University of Mary Washington

Take Me Out To The Ball Game? The Effect Of Crime On Major League Baseball Game Attendance, Allison Jakubek

Undergraduate Economic Review

Major League Baseball attendance has been examined since the league’s establishment in 1869. Winning percentage, opponent quality, and stadium quality have all been deemed significant determinants of increasing attendance, but deterring factors have yet to be closely examined. Since a majority of professional sports stadiums are constructed in economically poor, crime ridden areas, it seems natural to assume that crime could have an impact on people’s desire to attend Major League Baseball games. Panel data collected on twenty-eight teams over the course of ten years was used to determine whether or not crime rates have a significant effect ...


Economic Rights In Catholic Social Teaching, Andrew Beauchamp, Jason Heron 2017 Wright State University

Economic Rights In Catholic Social Teaching, Andrew Beauchamp, Jason Heron

Andrew Beauchamp

Catholic social teaching has a vision of the economy that is very closely aligned with the tradition of civil humanism, dating at least from the Italian Renaissance. In the course of contemporary discussion of economic concerns, Catholic social teaching often asserts human rights in and related to the economic sphere. However, it regards these economic imperatives not in terms of an autonomous, rights-bearing individualism, but rather within the thick web of relationships characterized by civil virtues, including reciprocity and gratuitousness. Thus the Church conceptualizes the economy as part of a larger social ambit that includes fundamental social virtues. This vision ...


Exploring The Racial Divide In Education And The Labor Market Through Evidence From Interracial Families, Peter Arcidiacono, Andrew Beauchamp, Marie Hull, Seth Sanders 2017 Wright State University - Main Campus

Exploring The Racial Divide In Education And The Labor Market Through Evidence From Interracial Families, Peter Arcidiacono, Andrew Beauchamp, Marie Hull, Seth Sanders

Andrew Beauchamp

We examine gaps between minorities and whites in education and labor market outcomes, controlling for many covariates including maternal race. Identification comes from different reported races within the family. Estimates show two distinct patterns. First, there are no significant differences in outcomes between black and white males with white mothers. Second, large differences persist between these groups and black males with black mothers. The patterns are insensitive to alternative measures of own race and school fixed effects. Our results suggest that discrimination is not occurring on the basis of child skin color but through mother-child channels such as dialect or ...


The Minimum Wage And Crime, Andrew Beauchamp, Stacy Chan 2017 Wright State University - Main Campus

The Minimum Wage And Crime, Andrew Beauchamp, Stacy Chan

Andrew Beauchamp

Does crime respond to changes in the minimum wage? A growing body of empirical evidence indicates that increases in the minimum wage have a displacement effect on low-skilled workers. Economic reasoning provides the possibility that disemployment may cause youth to substitute from legal work to crime. However, there is also the countervailing effect of a higher wage raising the opportunity cost of crime for those who remain employed. We use the National Longitudinal Survey of Youth 1997 cohort to measure the effect of increases in the minimum wage on self-reported criminal activity and examine employment–crime substitution. Exploiting changes in ...


Borderplex Business Barometer, Volume 1, Number 8, Thomas M. Fullerton Jr., Adam G. Walke, Ernesto Duarte Ronquillo, Omar Solís 2017 University of Texas at El Paso

Borderplex Business Barometer, Volume 1, Number 8, Thomas M. Fullerton Jr., Adam G. Walke, Ernesto Duarte Ronquillo, Omar Solís

Border Region Modeling Project

No abstract provided.


Horizontal Mergers, Market Structure, And Burdens Of Proof, Herbert J. Hovenkamp, Carl Shapiro 2017 University of Pennsylvania Law School

Horizontal Mergers, Market Structure, And Burdens Of Proof, Herbert J. Hovenkamp, Carl Shapiro

Faculty Scholarship

Since the Supreme Court’s landmark 1963 decision in Philadelphia National Bank, antitrust challengers have mounted prima facie cases against horizontal mergers that rested on the level and increase in market concentration caused by the merger, with proponents of the merger then permitted to rebut by providing evidence that the merger will not have the feared anticompetitive effects. Although the way that concentration is measured and the triggering levels have changed over the last half century, the basic approach has remained intact. This longstanding structural presumption, which is well supported by economic theory and evidence, has been critical to effective ...


Horizontal Shareholding And Antitrust Policy, Fiona M. Scott Morton, Herbert J. Hovenkamp 2017 Yale University

Horizontal Shareholding And Antitrust Policy, Fiona M. Scott Morton, Herbert J. Hovenkamp

Faculty Scholarship

“Horizontal shareholding” occurs when one or more equity funds own shares of competitors operating in a concentrated product market. For example, the four largest mutual fund companies might be large shareholders of all the major United States air carriers. A growing body of empirical literature concludes that under these conditions market output in the product market is lower and prices higher than they would otherwise be.

Here we consider how the antitrust laws might be applied to this practice, identifying the issues that courts are likely to encounter and attempting to anticipate litigation problems. We assume that neither the mutual ...


Description Of The Albelda Clayton-Matthews/Iwpr 2017 Paid Family And Medical Leave Simulator Model, Alan Clayton-Matthews, Randy Albelda 2017 Northeastern University

Description Of The Albelda Clayton-Matthews/Iwpr 2017 Paid Family And Medical Leave Simulator Model, Alan Clayton-Matthews, Randy Albelda

Economics Faculty Publication Series

The basic strategy behind our approach to estimating the cost of a paid leave program was to, as much as possible, base estimates of program costs on actual known leave-taking behavior, and where this was not possible, to estimate a range of program costs reflecting a range of reasonable assumptions about unknown aspects of behavior in the presence of a paid leave program. We wanted to be able to estimate the sensitivity of program costs estimates to these assumptions. We also wanted to be able to analyze the distribution of program benefits by demographic characteristics. Furthermore, we wanted to be ...


Twin Cities Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. MacDonald, King Banaian 2017 St. Cloud State University

Twin Cities Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian

Twin Cities Minnesota Economic and Business Conditions Report

Steady economic growth is expected over the next several months in the Twin Cities according to the prediction of the St. Cloud State University Twin Cities Index of Leading Economic Indicators (LEI). The Twin Cities LEI rose 2.54 points in the second quarter after a strong reading in the previous quarter. Three of five index components increased in the second quarter. Lower initial claims for unemployment insurance in the region had a favorable impact on this quarter’s LEI. Strength in the Minnesota Business Conditions Index--a general measure of statewide business conditions—also had a positive effect on the ...


Northwest Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. MacDonald, King Banaian 2017 St. Cloud State University

Northwest Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian

Northwest Minnesota Economic and Business Conditions Report

The Northwest Minnesota planning area economy is expected to experience steady growth over the next several months according to the predictions of the St. Cloud State University Northwest Minnesota Index of Leading Economic Indicators (LEI). Three of the five index components increased as the LEI rose 1.78 points in the second quarter. An increase in the Rural Mainstreet Index (which signals an improving macroeconomic environment for rural America), lower initial jobless claims in the region, and an increase in new filings for LLC and incorporation in Northwest Minnesota all contributed favorably to the second quarter outlook. Weaker residential building ...


Central Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. MacDonald, King Banaian 2017 St. Cloud State University

Central Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian

Central Minnesota Economic and Business Conditions Report

The Central Minnesota planning area is expected to experience strong economic growth over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 6.20 points in the most recent period, with four components producing positive readings. Among other things, strength in a general measure of statewide business conditions, an uptick in national durable goods orders, higher St. Cloud metropolitan area residential building permits, and lower regional initial jobless claims helped lift the Central Minnesota planning area LEI higher in the second quarter.

There were 1,440 new ...


Northeast Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. MacDonald, King Banaian 2017 St. Cloud State University

Northeast Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Steady economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased as the overall index rose 0.68 points in the second quarter. An improvement in a general measure of statewide business conditions, a rise in a supply managers’ survey, lower initial jobless claims in the region, and increased new filings of incorporation all helped lift this quarter’s index.

There were 681 new business filings with the Office of the Minnesota Secretary of State ...


Southeast Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. MacDonald, King Banaian 2017 St. Cloud State University

Southeast Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian

Southeast Minnesota Economic and Business Conditions Report

Steady economic growth in Southeast Minnesota is expected to continue over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a revised 11.83 point increase, the Southeast Minnesota leading index paused, falling 1.01 points in the second quarter of 2017. Four components of the LEI had negative readings in the second quarter. A rise in initial claims for unemployment benefits, a smaller number of residential building permits in Rochester, decreased new filings of incorporation and LLC in the Southeast ...


Specification Test For Spatial Autoregressive Models, Liangjun SU, Xi QU 2017 Singapore Management University

Specification Test For Spatial Autoregressive Models, Liangjun Su, Xi Qu

Research Collection School Of Economics

This article considers a simple test for the correct specification of linear spatial autoregressive models, assuming that the choice of the weight matrix Wn is true. We derive the limiting distributions of the test under the null hypothesis of correct specification and a sequence of local alternatives. We show that the test is free of nuisance parameters asymptotically under the null and prove the consistency of our test. To improve the finite sample performance of our test, we also propose a residual-based wild bootstrap and justify its asymptotic validity. We conduct a small set of Monte Carlo simulations to investigate ...


Southwest Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. MacDonald, King Banaian 2017 St. Cloud State University

Southwest Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian

Southwest Minnesota Economic and Business Conditions Report

Increased economic growth in Southwest Minnesota is expected over the next several months according to the predictions of the St. Cloud State University Southwest Minnesota Index of Leading Economic Indicators (LEI). Two of four LEI components were positive in the second quarter. An improvement in the rural outlook and lower jobless claims contributed favorably to the LEI in the second quarter. A decrease in residential building permits in the Mankato MSA and reduced new business filings of incorporation and LLC weighed on the leading index in the current quarter. After rising a revised 4.23 points in this year’s ...


Borderplex Business Barometer, Volume 1, Number 10, Thomas M. Fullerton Jr., Adam G. Walke, Omar Solís, Patricia Arellano 2017 University of Texas at El Paso

Borderplex Business Barometer, Volume 1, Number 10, Thomas M. Fullerton Jr., Adam G. Walke, Omar Solís, Patricia Arellano

Border Region Modeling Project

No abstract provided.


The Long Term Health Effects Of Fetal Malnutrition: Evidence From The 1959–1961 China Great Leap Forward Famine, Seonghoon KIM, Belton FLEISHER, Jessica Ya SUN 2017 Singapore Management University

The Long Term Health Effects Of Fetal Malnutrition: Evidence From The 1959–1961 China Great Leap Forward Famine, Seonghoon Kim, Belton Fleisher, Jessica Ya Sun

Research Collection School Of Economics

We report evidence of long-term adverse health impacts of in utero exposure to malnutrition based on survivors in their 50s who were born during the China Famine that occurred in the years 1959-1961. We take advantage of recently available data provided by the China Health and Retirement Longitudinal Study (CHARLS) to corroborate evidence supporting the Fetal Origin Hypothesis. We find that fetal exposure to malnutrition has large and long-lasting impacts on both physical health and cognitive abilities, including the risks of suffering a stroke, physical disabilities in speech, walking and vision, and measures of mental acuity. Our findings on the ...


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