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The Status Of International Negotiations On Climate Change, Federico Trindade, Diego R. Alvarez 2010 University of Nebraska-Lincoln

The Status Of International Negotiations On Climate Change, Federico Trindade, Diego R. Alvarez

Cornhusker Economics

In the October 20, 2010 issue of this newsletter we talked about the status of United States initiatives in limiting greenhouse gas (GHG) emissions. Although there are uncertainties associated with the science of climate change, some aspects of the science are known with virtual certainty (they have a greater than 99 percent chance of being true). Scientists know with virtual certainty that levels of greenhouse gases, like carbon dioxide in the atmosphere, have been increasing since pre-industrial times; that the atmospheric buildup of CO2 and other greenhouse gases is largely the result of human activities such as the burning of …


The Consequences Of Increasing Ocean Acidification On Local And Global Fishing Industries, Alyson N. Stark 2010 Claremont McKenna College

The Consequences Of Increasing Ocean Acidification On Local And Global Fishing Industries, Alyson N. Stark

CMC Senior Theses

As human activities continue to generate accelerating levels of carbon dioxide emissions, the world’s oceanic resources are threatened by variability in seawater chemistry, known as ocean acidification. Recent increases in atmospheric carbon dioxide have resulted in decreased carbonate ion concentrations and ocean pH levels, leading to increasingly acidic waters. The exact consequences of these chemical changes on ecosystems and individual species are difficult to predict; however, research has shown that economically valuable calcifying species will experience reduced reproductive fitness and population declines. Ocean acidification, therefore, poses an immediate risk to both fish stocks and fishery industries. From a local perspective, …


Economic Effects Of The Consumer-Oriented Gm Products In Markets With A Labeling Regime, Rim Lassoued, Konstantinos Giannakas 2010 University of Saskatchewan

Economic Effects Of The Consumer-Oriented Gm Products In Markets With A Labeling Regime, Rim Lassoued, Konstantinos Giannakas

Cornhusker Economics

One of the most intriguing attributes of modern industrial society is its approach to nutrition. Humanity has moved from subsistence economies, where eating was a matter of survival, to economies characterized by the existence of an ever increasing variety of food products. An important recent addition to the types of food products included in our diet has been that of genetically modified (GM) products.

Despite their important agronomic benefits to agricultural producers (e.g., increased yields and/or reduced input costs), GM products have been facing a rather strong consumer opposition. Fears related to potential health and environmental effects of genetic modification, …


Identifying Profitable Characteristics Of Steer Calves To Be Retained, Matt Stockton, Brian Williams 2010 University of Nebraska-Lincoln

Identifying Profitable Characteristics Of Steer Calves To Be Retained, Matt Stockton, Brian Williams

Cornhusker Economics

A recent study done by the Department of Agricultural Economics, University of Nebraska-Lincoln, investigates the predictive power of physical characteristics exhibited by steer calves, at and prior to weaning, on profits associated with weaned calf retention. Historically, retained ownership of beef cattle calves owned from birth through the finishing stage of production by a single owner, has been found to be a profitable endeavor for cow-calf producers. Despite these findings, observed evidence indicates many producers choose not to retain ownership. Three reasons that may explain this include tradition, cash flow needs of the business and risk. Producers who choose to …


Estimating Hypothetical Bias In Economically Emergent Africa: A Generic Public Good Experiment, Arthur J. Caplan, David Aadland, Anthony Macharia 2010 Utah State University

Estimating Hypothetical Bias In Economically Emergent Africa: A Generic Public Good Experiment, Arthur J. Caplan, David Aadland, Anthony Macharia

Applied Economics Faculty Publications

This paper reports results from a contingent valuation based public good experiment conducted in the African nation of Botswana. In a sample of university students, we find evidence that stated willingness to contribute to a public good in a hypothetical setting is higher than actual contribution levels. However, results from regression analysis suggest that this is true only in the second round of the experiment, when participants making actual contributions have learned to significantly lower their contribution levels. As globalization expands markets, and economies such as Botswana's continue to modernize, there is a growing need to understand how hypothetical bias …


Does "Free Sampling" Enhance The Value Of Public Goods?, Arthur J. Caplan, Douglas Jackson-Smith, Sandra Marquart-Pyatt 2010 Utah State University

Does "Free Sampling" Enhance The Value Of Public Goods?, Arthur J. Caplan, Douglas Jackson-Smith, Sandra Marquart-Pyatt

Applied Economics Faculty Publications

This study investigates whether a ‘free sampling’ marketing strategy induces an enduring WTP premium effect for public goods. Using data from a unique field experiment involving curbside recycling, we find that the premium effect associated with providing non-participating households a brief opportunity to participate in a curbside recycling program for free is relatively small and not enduring. It may therefore not be cost effective to offer a free-sampling participation incentive for this type (or similar types) of local public good(s).


Thanksgiving Holiday- Farm Prices Only, 2010 University of Nebraska - Lincoln

Thanksgiving Holiday- Farm Prices Only

Cornhusker Economics

Livestock and Products, Weekly Average

Crops, Daily Spot Prices

Feed


Genetically Engineering Crops For A Sustainable Agriculture, David E. Ervin, Rick Welsh 2010 Portland State University

Genetically Engineering Crops For A Sustainable Agriculture, David E. Ervin, Rick Welsh

Economics Faculty Publications and Presentations

The article examines the role of genetically engineered (GE) crops in fostering a more sustainable agriculture. An overview of the National Academy of Sciences metal study of the impacts of GE crops on farm sustainability in the U.S. is given. The two types of GE crops are discussed, one which produces its own insecticide called insect resistant (IR) crops and the other is engineered to resist particular herbicides. An explanation for sustainable agriculture is also presented.


2010 Federal Estate Tax Issues, J. David Aiken 2010 University of Nebraska-Lincoln

2010 Federal Estate Tax Issues, J. David Aiken

Cornhusker Economics

Estate planning is a very important topic for farm families. In 2001, President Bush signed legislation that reduced the Federal Estate Taxes until 2010, when it was reduced to zero. However, in 2011 the Federal Estate Tax will be reinstated, as indicated in the table on the next page. President Obama has proposed a permanent Federal Estate Tax exemption at the 2009 level, but that has not been acted upon by Congress. Other proposals range from a $2 million exemption with a 55 percent top estate tax rate, to a $5 million exemption with a 35 percent top rate.


The Nebraska Citizen Initiative Process, J. David Aiken 2010 University of Nebraska-Lincoln

The Nebraska Citizen Initiative Process, J. David Aiken

Cornhusker Economics

Nebraska is one of about half of the states that allow its citizens to initiate new statutes (legislative laws) or constitutional provisions by way of the citizen initiative petition process. Since 1992, over 30 constitutional amendments have been voted on under these provisions. In Nebraska, citizen initiatives have dealt with corporate farming restrictions, term limits, gambling, government spending limits and antiaffirmative action requirements. There is a chance that an animal welfare provision may be on the November 6, 2012 general election ballot. This newsletter takes a quick look at the initiative process. For more detailed information, consult an attorney.


What Drives Academic Bioscientists: Money Or Values?, David E. Ervin, Sharmistha Nag, Hui Yang, Steven T. Buccola 2010 Portland State University

What Drives Academic Bioscientists: Money Or Values?, David E. Ervin, Sharmistha Nag, Hui Yang, Steven T. Buccola

Economics Faculty Publications and Presentations

The article determines the factors that drive academic bioscience to better understand the role of genetically engineered (GE) crops in the sustainability of U.S. agriculture. Some challenges brought about by GE crops in the U.S. farm sustainability include tracking and controlling water pollution, protecting against herbicide resistance and nitrogen fixation. Professional norms are also considered as a great factor driving the academic bioscience.


Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2010, Central Bank of Nigeria 2010 Central Bank of Nigeria

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2010, Central Bank Of Nigeria

CBN Annual Report

2010 annual report reviews the operations of the Central Bank of Nigeria (CBN) and appraises the macroeconomic policies in 2010. the report is structured into two parts. Part 1 reviews the corporate operations of the bank, while the part 2 evaluates the performance of the economy against the challenges in both the thrust of monetary policy and other financial measures was to improve liquidity and enhance the efficiency and stability of the financial system without compromising the primary goal of monetary and price stability.


Economies Of Scope For Microfinance: Differences Across Output Measures, Valentina Hartarska, christopher parmeter, Denis Nadolynak, Beibei Zhu 2009 Auburn University Main Campus

Economies Of Scope For Microfinance: Differences Across Output Measures, Valentina Hartarska, Christopher Parmeter, Denis Nadolynak, Beibei Zhu

Christopher F. Parmeter

In banking, scope economies of mobilizing deposits and lending are often estimated, while consideration of the same measures for microfinance institutions (MFI) is still in its infancy. An open issue remains regarding what characterizes an output of an MFI. Moreover, depending on the output used, do estimated scope economies differ? We use a novel data set for over 800 MFI across more than 70 countries to estimate economies of scope. Our findings suggest that statistical differences arise between estimates of scope economies. However, our qualitative findings indicate that both of these measures provide similar overviews of the landscape of scope …


Market Power, Eu Integration And Privatization: The Case Of Romania, Gabriel Asaftei, christopher parmeter 2009 University of Miami

Market Power, Eu Integration And Privatization: The Case Of Romania, Gabriel Asaftei, Christopher Parmeter

Christopher F. Parmeter

This paper investigates the effects on pricing behavior of firms in a transition economy resulting from integration into the European Union’s Common Market and changes in ownership. We use a semiparametric model with a rich panel of manufacturing firms in Romania from 1995 to 2003 to estimate firm-level markups. We find that markups are higher in more concentrated industries and less exposed to foreign competition. Trade integration appears to generally increase competitive pressure on markups. Industries exposed to more international competition experience a larger change in markups following integration into the European Union’s Common Market. However, as the initial impact …


A Distributional Analysis Of Public Private Wage Differential In India, Mehtabul Azam, Nishith Prakash 2009 World Bank

A Distributional Analysis Of Public Private Wage Differential In India, Mehtabul Azam, Nishith Prakash

Nishith Prakash

We investigate the public-private wage differential in India using nationally representative micro data. While the existing literature focuses on average wage differential, we study the differences in the wage distributions. The raw wage differential between public and private sector is positive across the entire distribution for both genders irrespective of area of residence. A quantile regression based decomposition analysis reveals that the differences in observed characteristics (covariate effect) account for only a small part of the wage differential at lower quantiles, but a larger part at higher quantiles. At the very top of the distribution, covariate effects account for a …


Which Hedonic Models Can We Trust To Recover The Marginal Willingness To Pay For Environmental Amenities?, Nicolai Kuminoff, christopher parmeter, Jaren Pope 2009 Arizona State University

Which Hedonic Models Can We Trust To Recover The Marginal Willingness To Pay For Environmental Amenities?, Nicolai Kuminoff, Christopher Parmeter, Jaren Pope

Christopher F. Parmeter

The hedonic property value model is among our foremost tools for evaluating the economic consequences of policies that target the supply of local public goods, environmental services, and urban amenities. We design a theoretically consistent and empirically realistic Monte Carlo study of whether omitted variables seriously undermine the method’s ability to accurately identify economic values. Our results suggest that large gains in accuracy can be realized by moving from the standard linear specifications for the price function to a more flexible framework that uses a combination of spatial fixed effects, quasi-experimental identification, and temporal controls for housing market adjustment


The Returns To English-Language Skills In India, Mehtabul Azam, Aimee Chin, Nishith Prakash 2009 World Bank

The Returns To English-Language Skills In India, Mehtabul Azam, Aimee Chin, Nishith Prakash

Nishith Prakash

No abstract provided.


The Benefit Transfer Challenges, Kevin Boyle, Nicolai Kuminoff, christopher parmeter, Jaren Pope 2009 Virginia Polytechnic Institute and State University

The Benefit Transfer Challenges, Kevin Boyle, Nicolai Kuminoff, Christopher Parmeter, Jaren Pope

Christopher F. Parmeter

Presidential Executive Order 12,866 requires federal agencies to design “cost-effective” regulations and to assess “costs and benefits” of these regulations on the basis of “the best reasonably obtainable scientific, technical, economic, and other information.” Benefit transfers are one economic approach used to estimate these benefits and costs, and the use of existing economic information to predict the effects of new policies is well established. However, advancing the practice of benefit transfers is crucial if economists are to play a role in developing federal policies. We review contributions to the benefit-transfer literature and present a unified conceptual framework to guide the …


Estimation Of Hedonic Price Functions With Incomplete Information, Subal Kumbhakar, christopher parmeter 2009 University of Miami

Estimation Of Hedonic Price Functions With Incomplete Information, Subal Kumbhakar, Christopher Parmeter

Christopher F. Parmeter

Existence of persistent price dispersion suggests that some buyers find lower prices through search and information acquisition, while some sellers charge higher prices by gathering information on potential buyers. If buyers are not fully informed of the lowest price available in the market they end up paying a price higher than if they had full information. Similarly, if sellers are not fully informed about the highest price they could charge, they too suffer by receiving a price lower than had they had full information. This paper develops a hedonic price model that incorporates the effects of incomplete information on both …


Quantifying The Economic Effects Of Hypoxia On A Fishery For Brown Shrimp Farfantepenaeus Aztecus, Ling Huang, Martin Smith 2009 University of Connecticut - Storrs

Quantifying The Economic Effects Of Hypoxia On A Fishery For Brown Shrimp Farfantepenaeus Aztecus, Ling Huang, Martin Smith

Ling Huang

No abstract provided.


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