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Agricultural and Resource Economics Commons™
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Full-Text Articles in Agricultural and Resource Economics
Benefits Of Public R&D In U.S. Agriculture: Spill-Ins, Extension And Roads, S L. Wang, A Plastina, Lilyan E. Fulginiti, E. Ball
Benefits Of Public R&D In U.S. Agriculture: Spill-Ins, Extension And Roads, S L. Wang, A Plastina, Lilyan E. Fulginiti, E. Ball
Department of Agricultural Economics: Faculty Publications
This paper uses panel data for the 1980-2004 period to estimate the contributions
of public research to US agricultural productivity growth. Local and social
internal rates of return are estimated accounting for the effects of R & D
spill-in, extension activities and road density. R & D spill-in proxies were constructed
based on both geographic proximity and production profile to examine
the sensitivity of the rates of return to these alternatives. We find that
extension activities, road density, and R & D spill-ins, play an important role
in enhancing the benefit of public R & D investments. We also find …
A Nonparametric Frontier Measure Of Marketing Efficiency: An Illustration With Corn Ethanol Plants., Lilyan E. Fulginiti
A Nonparametric Frontier Measure Of Marketing Efficiency: An Illustration With Corn Ethanol Plants., Lilyan E. Fulginiti
Department of Agricultural Economics: Faculty Publications
This article extends nonparametric measures of efficiency to accommodate the concept of marketing efficiency, which measures changes in net revenues brought about by firms’ use of marketing channels other than spot markets. The measure is appropriate for firms operating under atomistic competition with imperfect information. The proposed measure displays two important features: (a) it uses the alternative of a spot price-based counterfactual to distinguish marketing from allocative efficiency, and (b) it allows for the fact that firms operate in different spot markets and have access to diverse sets of prices. We illustrate this approach with a unique dataset from ethanol …
Measurement Of Commodity Price Risk: An Overview Of Brazilian Agricultural Markets, Daniel Henrique Dario Capitani, Fabio Mattos
Measurement Of Commodity Price Risk: An Overview Of Brazilian Agricultural Markets, Daniel Henrique Dario Capitani, Fabio Mattos
Department of Agricultural Economics: Faculty Publications
This study explores different procedures to estimate price risk in commodity markets. Focusing on Brazilian agricultural markets, the paper proposes to assess both dispersion and downside risk measures using five different approaches (volatility, coefficient of variation, lower partial moments, value at risk and conditional value at risk). Results suggest that some commodities have large price variability but small downside risk, while other commodities show small price variability and large downside risk. Thus, there is no single answer to the question of which commodity exhibits more price risk, but rather distinct answers depending on how risk is perceived by different individuals. …
Biomass From Marginal Cropland: Willingness Of North Central Us Farmers To Produce Switchgrass On Their Least Productive Fields, Richard K. Perrin, Lilyan E. Fulginiti, Mustapha Alhassan
Biomass From Marginal Cropland: Willingness Of North Central Us Farmers To Produce Switchgrass On Their Least Productive Fields, Richard K. Perrin, Lilyan E. Fulginiti, Mustapha Alhassan
Department of Agricultural Economics: Faculty Publications
No abstract provided.