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ACTUAL PURCHASE VS. INTENDED PURCHASE: DO CONSUMERS BUY WHAT THEY SAY?

Rimal, Arbindra; Fletcher, Stanley M.; McWatters, Kay H. - Agricultural and Applied Economics Association - AAEA - 1999

A bivariate probit model was used to examine the relationship between actual and intended purchase of irradiated beef. The likelihood ratio test rejected the equality of parameters affecting actual and intended purchase decisions. Actual purchases were affected by package labels and appearance,...

Persistent link: https://www.econbiz.de/10005338148

Empirical Performance of Alternative Option Pricing Models for Commodity Futures Options

Chen, Gang; Roberts, Matthew C.; Roe, Brian E. - Agricultural and Applied Economics Association - AAEA - 2005

The central part of pricing agricultural commodity futures options is to find appropriate stochastic process of the underlying assets. The Black's (1976) futures option pricing model laid the foundation for a new era of futures option valuation theory. The geometric Brownian motion assumption...

Persistent link: https://www.econbiz.de/10005803330

Contract Marketing after the 2002 Farm Act: The Case of Peanuts

Revoredo-Giha, Cesar; Nadolnyak, Denis A.; Fletcher, … - Agricultural and Applied Economics Association - AAEA - 2005

The elimination of the marketing quota system that regulated the peanut market since the 1930s has been accompanied by … the emergence of marketing contracts between farmers and peanut buyers (mainly peanut shellers). Two types of contracts … the main role of the contracts is to replace the marketing structure existing prior the 2002 Farm Act, where peanut …

Persistent link: https://www.econbiz.de/10005803363

The Effect of Wal-Mart Supercenters on Grocery Prices in New England

Volpe III, Richard J.; Lavoie, Nathalie - Agricultural and Applied Economics Association - AAEA - 2005

This study analyzes the effect of the presence of Wal-Mart Supercenters on the prices at conventional supermarkets in Massachusetts, Connecticut, and Rhode Island. Using price indexes constructed from primary price data on a basket of 54 goods and holding several demographics and market...

Persistent link: https://www.econbiz.de/10005803400

Storability on Modeling Commodity Futures Prices

Lin, Chuanyi; Roberts, Matthew C. - Agricultural and Applied Economics Association - AAEA - 2006

Econometric models of commodity prices have been estimated for more than 80 years, but both structural and time series models require ad hoc assumptions to capture all the features of commodity price series. Commodities can be broadly divided into two categories: storable and non-storable. The...

Persistent link: https://www.econbiz.de/10005804889

A TERM STRUCTURE MODEL FOR AGRICULTURAL FUTURES

Fackler, Paul L.; Roberts, Matthew C. - Agricultural and Applied Economics Association - AAEA - 1999

An extension of Schwartz's model of futures price term structure that includes seasonality is developed. The approach allows futures prices for all maturities to be estimated simultaneously by exploiting arbitrage relationships. An application to wheat futures prices is presented.

Persistent link: https://www.econbiz.de/10005806440

FORECASTING DAILY VOLATILITY USING RANGE-BASED DATA

Wang, Yuanfang; Roberts, Matthew C. - Agricultural and Applied Economics Association - AAEA - 2004

Users of agricultural markets frequently need to establish accurate representations of expected future volatility. The fact that range-based volatility estimators are highly efficient has been acknowledged in the literature. However, it is not clear whether using range-based data leads to better...

Persistent link: https://www.econbiz.de/10005500383

FINDINGS OF PRICING-TO-MARKET: MARKET SEGMENTATION OR PRODUCT DIFFERENTIATION?

Lavoie, Nathalie; Liu, Qihong - Agricultural and Applied Economics Association - AAEA - 2004

Pricing to market (PTM) has been examined extensively in the recent trade literature using Knetter's (1989) model. The technique is typically applied using export unit values that aggregate differentiated products. We examine the potential bias in PTM results when using export unit values using...

Persistent link: https://www.econbiz.de/10005500413

MARKET POWER IN DIRECT MARKETING OF FRESH PRODUCE: COMMUNITY SUPPORTED AGRICULTURE FARMS

Lass, Daniel A.; Lavoie, Nathalie; Fetter, T. Robert - Agricultural and Applied Economics Association - AAEA - 2004

CSA farms establish a loyal customer base and, potentially, market power. Two new empirical industrial organization (NEIO) approaches and survey data from Northeast CSA farms are used to determine the presence and extent of market power. Results suggest CSA farms exert only about 3.5 percent of...

Persistent link: https://www.econbiz.de/10005536096

EXPLAINING PRICE TRANSMISSION ASYMMETRY IN THE US PEANUT MARKETING CHAIN

Revoredo-Giha, Cesar; Nadolnyak, Denis A.; Fletcher, … - Agricultural and Applied Economics Association - AAEA - 2004

n the paper, we study price transmission from wholesale peanut prices to retail peanut butter prices. Using monthly data since 1984, we show that, while an increase in peanut prices is almost immediately transferred to peanut butter prices, it takes several months for a price decrease to be...

Persistent link: https://www.econbiz.de/10005536099