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management on production risk in agriculture, with an application to the distribution of corn yield in Wisconsin. Using the … certainty equivalent (CE) as a welfare measure, our analysis decomposes the welfare effects of risk, management, and … agricultural technology into two parts: mean effects and risk premium (measuring the cost of risk). We document how biotechnology …
Persistent link: https://www.econbiz.de/10011168072
This paper investigates the pricing and vertical organization of differentiated products under imperfect competition. In a multiproduct context, a Cournot model is used to examine how substitution/complementarity relationships among products and vertical structures can affect the exercise of...
Persistent link: https://www.econbiz.de/10009444689
A method was developed with time series models to test hypotheses about the relationship between market structure and spatial price dynamics. Long-run dynamic multipliers measuring the magnitude of lagged adjustments for spatial milled rice prices were calculated from the time series model and...
Persistent link: https://www.econbiz.de/10005460047
The purpose of the research in this paper is to investigate the impact of differentiated vertical strategies by agricultural biotechnology firms in the U.S. cottonseed market. The model advances the measurement of industry concentration to consider substitution/complementarity relationships...
Persistent link: https://www.econbiz.de/10005014782
This paper investigates the pricing and vertical organization of differentiated products under imperfect competition. In a multiproduct context, a Cournot model is used to examine how substitution/complementarity relationships among products and vertical structures can affect the exercise of...
Persistent link: https://www.econbiz.de/10005060393
A nonparametric analysis of technical, allocative, scale, and scope efficiency of agricultural production is presented based on a sample of Wisconsin farmers. The results indicate the existence of important economies of scale on very small farms, and of some diseconomies of scale for the larger...
Persistent link: https://www.econbiz.de/10005805355
Persistent link: https://www.econbiz.de/10011408321
This paper develops an analysis of markets for differentiated products. It relies on the concept of latent separability for consumer preferences. As proposed by Blundell and Robin, latent separability assumes that purchased products are allocated in the production of latent intermediate...
Persistent link: https://www.econbiz.de/10009443432
Persistent link: https://www.econbiz.de/10011167593
Agriculture is in the business of using ecosystem services to produce food. Examining how agro-ecosystems function provides useful insights into the economics of agriculture. Of special interest are the presence and nature of scale effects, complementarity effects and convexity effects in...
Persistent link: https://www.econbiz.de/10010879111