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A water-crop simulation/mathematical programming model of irrigation water demand in northeastern Colorado is … formulated to develop an original concept of derived demand for consumptive use of water. Conventional demand functions for water …. Findings indicate that demand elasticity estimates are quite sensitive to model specification, and consumptive use demand tends …
Persistent link: https://www.econbiz.de/10005330439
Historically, water allocation focused on quantities demanded by consumptive uses. As quantity demand grows, efficient …
Persistent link: https://www.econbiz.de/10005484193
While considerable research has estimated liquidity costs of futures trading, little comparable research is available about options markets. This study determines effective bid-ask spreads in options and futures markets for Kansas City Board of Trade (KCBT) wheat. Effective bid-ask spreads are...
Persistent link: https://www.econbiz.de/10010881540
Persistent link: https://www.econbiz.de/10010918077
Value-added management practices for cow-calf producers have become prevalent as feeders have recognized the value of calves raised with certified health and weaning programs. Export markets requiring age and source verification or non-hormone treated cattle and advancement of markets for...
Persistent link: https://www.econbiz.de/10010918079
Many value-added practices cannot be observed by feeder cattle buyers. Third-party verification can decrease market inefficiency associated with this asymmetric information. We evaluate the effectiveness of a verification program, the Oklahoma Quality Beef Network, in increasing received prices....
Persistent link: https://www.econbiz.de/10010918101
Cow-calf prices are determined by interaction of many factors. At a particular auction, cow-calf pair prices often had a range of 75% of the mean price. This variability suggests that producers need to be informed regarding cow-calf price determinants. This study uses auction data during 1993 to...
Persistent link: https://www.econbiz.de/10005330377
The impacts of introducing a partial price stabilization scheme in the U.S. corn market are investigated by using a modified version of the bounded price variation model. Specifically, a model is developed and estimated that includes rational expectations of the first three central moments of...
Persistent link: https://www.econbiz.de/10005330383
-planted acreage. Estimated price elasticities are higher than in studies where risk was ignored. …
Persistent link: https://www.econbiz.de/10005330396
- and cross-price demand elasticities for USDA Choice and Select boxed beef. Results indicate that meat retailers have more …This study estimates wholesale demand for pork, chicken, and quality differentiated beef. We estimate meat retailer own … elastic demand for lower quality graded beef. Retail beef price has a strong positive relationship with Choice and Select …
Persistent link: https://www.econbiz.de/10005330397