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Environmental Drivers of Agricultural Productivity Growth : CO2 Fertilization of US Field Crops
Taylor, Charles A.; Schlenker, Wolfram - National Bureau of Economic Research - 2021
We assess the CO<sub>2</sub> fertilization effect on US agriculture using spatially-varying CO<sub>2</sub> data from NASA's Orbiting Carbon Observatory-2 (OCO-2) satellite covering the majority of US cropland under actual growing conditions. This study complements the many CO<sub>2</sub> enrichment experiments that have found...
Persistent link: https://www.econbiz.de/10012659998
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Is Agricultural Production Becoming More or Less Sensitive to Extreme Heat? Evidence from U.S. Corn and Soybean Yields
Roberts, Michael J. - 2010
Extreme heat is the single best predictor of corn and soybean yields in the United States. While average yields have …
Persistent link: https://www.econbiz.de/10012462349
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Adaptation to Environmental Change : Agriculture and the Unexpected Incidence of the Acid Rain Program
Sanders, Nicholas J.; Barreca, Alan I. - National Bureau of Economic Research - 2021
airborne sulfate levels and yields for corn and soybean. We estimate crop revenue losses for these two crops around $1 …
Persistent link: https://www.econbiz.de/10012496145
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Cover Crops, Drought, Yield and Risk : an Analysis of U.S. Soybean Production
Dong, Fengxia - National Bureau of Economic Research - 2022
on soybean yield and its risk using USDA's 2018 ARMS Phase II Soybean Production Practices and Costs Report and Phase III … Soybean Costs and Returns Report. Incorporating drought occurrence in current year and previous 5 years into our analysis, we … yield and its risk are mixed. Under a drought condition, cover crops reduced soybean yield and increased yield variation …
Persistent link: https://www.econbiz.de/10013334341
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The Present Value Model of Rational Commodity Pricing
Pindyck, Robert S. - 1992
The present value model relates an asset's price to the sum of its discounted expected future payoffs. I explore the limits of the model by testing its ability to explain the pricing of storable commodities. For commodities the payoff stream is the convenience yield that accrues from holding...
Persistent link: https://www.econbiz.de/10012474896
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Long-Term Contracting and Multiple-Price Systems
Hubbard, R. Glenn - 1991
This paper examines product markets in which long-term contracts and spot transactions coexist. Such markets are characterized by "multiple-price systems," wherein adjustment to supply and demand shocks occurs through spot prices, while contract prices are fixed, or adjust slowly. We derive the...
Persistent link: https://www.econbiz.de/10012475218
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On The Behavior of Commodity Prices
Deaton, Angus - 1990
The classical theory of commodity price determination integrates myopic supply and demand on the one hand with … non-negative, this paper derives from the theory testable implications on the behavior of prices, and makes a first …
Persistent link: https://www.econbiz.de/10012475591
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Bubble Troubles? Rational Storage, Mean Reversion and Runs in Commodity Prices
Bobenrieth H., Eugenio S. - 2013
High and volatile prices of major commodities have generated a wide array of analyses and policy prescriptions, including influential studies identifying price bubbles in periods of high volatility. Here we consider a model of the market for a storable commodity in which price expectations are...
Persistent link: https://www.econbiz.de/10012459625
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Informational Frictions and Commodity Markets
Sockin, Michael - 2013
This paper develops a model to analyze information aggregation in commodity markets. Through centralized trading, commodity prices aggregate dispersed information about the strength of the global economy among goods producers whose production has complementarity, and serve as price signals to...
Persistent link: https://www.econbiz.de/10012459755
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Structural Transformation, Industrial Specialization, and Endogenous Growth
Bustos, Paula - 2019
The introduction of new technologies in agriculture can foster structural transformation by freeing workers who find occupation in other sectors. The traditional view is that this reallocation of workers towards manufacturing can lead to industrial development. However, when workers moving to...
Persistent link: https://www.econbiz.de/10012479820