This article provides a framework to compare market outcomes among vertically integrated monopsonies in the cotton sector of West Africa and alternative, more competitive market structures. Based on a principal agent framework, in the presence of factor market constraints, as well as capital...

Controversy remains about the effectiveness of the 1999 Livestock Mandatory Price Reporting Act (MPRA). We determine the likely changes in beef packers' market power after the MPRA by using an agent-based, first-price common-value auction. Past research has employed Cournot models, but we use an...

Purpose: The purpose of this study is to estimate the amount of cash flow deficit, if any, needed to maintain the operating costs and service debt of a startup cow–calf enterprise. The study compares long-term profitability and risk between starting small and building a herd to full carrying...

Purpose: The objective of this research was to determine the optimal age and pregnancy status for buying and selling replacement of beef females for risk-neutral and risk-averse producers. Design/methodology/approach: A hedonic pricing model was estimated to measure how age, pregnancy status,...

Supplemental irrigation in corn production is increasing for humid regions across the world. Little is known about the profitability of irrigating corn in the humid southeastern region of the United States. Our objective was to determine the breakeven price of corn where investment in...