Many investment decisions of agribusiness firms such as when to invest in an emerging market or whether to expand the capacity of the firm involve irreversible investment and uncertainty about demand, cost or competition. This paper uses an option-value model to examine the factors affecting an...

This study examined factors that affected the prices of corn and soybean meal and the impact of these prices on market demand and supply for U.S. broilers. An econometric model consisting of four structural equations and one identity was formulated and estimated using quarterly data from 1976 to...

This paper shows that the response of agricultural commodity prices in the U.S. related to fluctuations in oil prices in the international market may differ greatly depending on whether the increase is driven by demand or supply shocks in the crude oil market. In the long-run, around 2-7 percent...

The recent/current recession provides the opportunity to study the effects of the macroeconomic changes on the agricultural production systems in the Great Plains and trace some of its impacts through the system to changes in primary inputs such water resource use. Therefore, the objective of...

This paper examines the effects of distribution channels on demand for apparel, home textiles and other textiles (such as shoes) in urban China. The estimation procedure we use in this study is implemented in three steps. First, we estimate the price/unit value information; second, we estimate...

Soybean prices are determined by interaction between various factors. At an elevator, discount prices for unique characteristics can range from 0.02 cents per bushel to 7.71 cents per bushel of soybeans. This variation suggests that producers of soybeans need quality-characteristic specific...

While the elimination of the Multifibre Arrangement (MFA) was presumed to be a net global benefit because it represented an elimination of a distortionary set of trade agreements, it was based on the assumption that the underlying global trading regime was based on free trade principles....

We used a controlled, uniform 5th-price auction to elicit values for sweet potatoes—both when location is known and unknown, and before and after tasting and providing health information. Significant differences were found between pre- and post-consumption valuations and also found that...

Theory and analysis of price information and its importance have typically assumed that the information is correct. Additionally, most analyses have centered on general price information assuming homogeneous products. This paper examines the implications of incorrect price information on the...

The implications of market development in the catfish industry on catfish price behavior are explored using cointegration. It is hypothesized that market development, through increases in competition between processors and shifts in consumer preferences toward fish, has caused changes in price...