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Beef is a heterogeneous commodity, which makes it difficult to compare beef prices in an international level. This paper evaluates several methods of comparing beef prices to be used in measuring both comparative advantage and protection. The most suitable method is one that compares the prices...
Persistent link: https://www.econbiz.de/10005619207
McDonald's Corporation, one of the largest buyers of meat in the U.S. fast-food industry, recently adopted a policy that prohibits its direct suppliers from using medically important antibiotics as growth promotants in food animals after 2004. Although the implications of such a voluntary ban in...
Persistent link: https://www.econbiz.de/10005786224
Because antibiotic drugs are widely used in starter, grower, finishing, and sow feeds, a ban on their use would impact pork production processes and practices, and therefore would have an economic impact on the U.S. pork industry and pork market. This study considers the economic effects of a...
Persistent link: https://www.econbiz.de/10005786378
Both producers and consumers may respond to the use of producer contributions to fund commodity promotion. The microeconomic foundation is laid for evaluating generic promotion campaigns where government is involved, supply is uncontrolled, and markets are close to saturation. The recent...
Persistent link: https://www.econbiz.de/10005786611
Beef is a heterogeneous commodity, which makes it difficult to compare beef prices in an international level. This paper evaluates several methods of comparing beef prices to be used in measuring both comparative advantage and protection. The most suitable method is one that compares the prices...
Persistent link: https://www.econbiz.de/10008564486
Testimony before the US-China Economic and Security Review Commission on April 25, 2013, by Dermot Hayes, professor of Economics and Finance, Iowa State University. Testimony covers impacts on food demand from China's rising incomes and urbanization; the viability of China's attempt to remain...
Persistent link: https://www.econbiz.de/10010896828
We update the findings of the impact of ethanol production on U.S. and regional gasoline markets as reported previously in Du and Hayes (2009 and 2011), by extending the data to December 2011. The results indicate that over the period of January 2000 to December 2011, the growth in ethanol...
Persistent link: https://www.econbiz.de/10010896833
Knittel and Smith present seven alternative versions of our model all of which apparently show a lower impact of ethanol production on gasoline prices. Four of these models are based on the flawed assumption that one can use the change in refiner's margin and the change in gasoline prices...
Persistent link: https://www.econbiz.de/10011170172
In a recent working paper, Christopher Knittel and Aaron Smith present an attack on a peer-reviewed paper "The Impact of Ethanol Production on US and Regional Gasoline Markets Relating Ethanol Production to Gasoline Prices" written by myself and Xiaodong Du, and published in 2009 in Energy...
Persistent link: https://www.econbiz.de/10011170183
Using pooled regional time-series data and panel data estimation, we quantify the impact of monthly ethanol production on monthly retail regular gasoline prices. This analysis suggests that the growth in ethanol production has caused retail gasoline prices to be $0.29 to $0.40 per gallon lower...
Persistent link: https://www.econbiz.de/10005034943