Showing 1 - 10 of 19
An economic model illustrating a southern forest landowner's incentive to increase timber harvest in response to the risk of red-cockaded woodpecker colonization and subsequent regulation under the Endangered Species Act is developed. The empirical results show that industrial landownders...
Persistent link: https://www.econbiz.de/10005501156
An instrumental variables panal data model was applied to a set of dairy farm financial and production records from the states of New York and Pennsylvania and the province of Quebec. This model allowed unbiased efficiency estimation without the drawbacks of a Fixed Effects specification.
Persistent link: https://www.econbiz.de/10005501166
Production contract tournaments induce self-selection among producers. Self-selection for pork differs from broiler production resulting in a predictably different political response by incumbent producers to contract innovation. The higher capital and status of incumbent pork producers than...
Persistent link: https://www.econbiz.de/10005501182
Overcapitalization in the U.S. Atlantic Swordfish fishery has led to a proposed limited access system. A bioeconomic programming model was developed to evaluate the propsed program under various assumptions regarding fleet heterogeneity and composition. Results indicate that regulations based on...
Persistent link: https://www.econbiz.de/10005501184
It is widely believed that block-rate pricing separates income redistribution from efficiency consideration. We show that social optimum can not be implementable by block-rate pricing. Particularly, block-rate pricing with marginal cost as the highest block induces over production and...
Persistent link: https://www.econbiz.de/10005503210
For the first time in the food trade literature, the determinants of intra-industry trade (IIT) in horizontally differentiated products and vertically differentiated products are separately tested using the most recent theoretical models of IIT. For both 1980 and 1990, the econometric results...
Persistent link: https://www.econbiz.de/10005536435
This research shows that increased concentration in the U.S. wheat milling industry has not led to noncompetive pricing in upstream or downstream markets. Increased concentration has helped to reduce the marketing margin by $0.65 for every 100 pounds of flour produced. This is about 7% of the...
Persistent link: https://www.econbiz.de/10005536445
This study provides a dynamic mathematical treatment of price determination under bilateral monopoly. The results are: a) a quantitiative solution for the equilibrium price; b) equality of profits of the buyer and seller; c) dynamically stable equilibrium price; and d) the bargaining process...
Persistent link: https://www.econbiz.de/10005536471
Production contracts are increasingly important in American agriculture. Unfortunately, little is known about the fundamental forces governing their adoption and design. In order to better-understand the underlying incentives, we construct and test an agency-theoretic model of broiler production...
Persistent link: https://www.econbiz.de/10005536476
Switching costs affect importer decisions, hence impacts of subsidies over time. Dynamic, game theoretic simulations of EU-US competition for Moroccan wheat imports suggest firms charge lower prices and governments award higher subsidies with switching costs. Policy under alternative...
Persistent link: https://www.econbiz.de/10005807294