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Models of agricultural economics typically operate at an annual basis or in a static equilibriumframework where inputs, outputs and their prices may change considerably. Production dynamics,however, imply that models relying on spatial and temporal aggregation do not capture the effects...
Persistent link: https://www.econbiz.de/10009443254
Introduction of foot and mouth disease (FMD) into country typically initiates eradication procedures which remove animals from the market, and halts the export of livestock products from the infected country. The magnitude of these effects can be highly uncertain. This paper presents a...
Persistent link: https://www.econbiz.de/10009443288
In the first chapter, I consider the institutional structures as well as the doctrines typically encountered in the surface water sector. To investigate the sources and methods of government support in the water sector, I categorize different sorts of government support according to the location...
Persistent link: https://www.econbiz.de/10009466095
Although take-it-or-leave-it pricing is the main mode of operation for many retailers, a number of retailers discreetly allow price negotiation when some haggle-prone customers ask for a bargain. At these retailers, the posted price, which itself is subject to dynamic adjustments in response to...
Persistent link: https://www.econbiz.de/10009477224
By using a broker, the owner of a house can speed up his search for buyers but must pay a percentage of the sale price as a commission. Nonstationarities inherent in the housing market may make it optimal to market a house “by-owner” at the outset and to retain a broker only if the house...
Persistent link: https://www.econbiz.de/10009477288
Traditional approaches to estimating the potential benefits of water reform, including the introduction of water markets, have relied on short-run models which assume irrigation capital is either fixed or not a constraint on decision making. Other studies have incorporated a long-run decision...
Persistent link: https://www.econbiz.de/10009451709
products on the other hand; resulted in estimating the demand ofrice in Togo at the second stage of utility maximization …
Persistent link: https://www.econbiz.de/10009443675
suggest that a model based on expected utility theory may account for this observation. Agents that are predisposed to … linked to emotions. The paper suggests that by explicitly including emotions as an argument in the utility function, textbook …
Persistent link: https://www.econbiz.de/10009477300
Users today are concerned about how their information is collected, stored and used by Internet sites. Privacy policy languages, such as the Platform for Privacy Preferences (P3P), allow websites to publish their privacy practices and policies in machine readable form. Currently, software agents...
Persistent link: https://www.econbiz.de/10009456721
expenditures for demand-side capacity options before the electric utility takes any of these actions. Once the Commission orders … certification of such an action by the electric utility, the utility can automatically recover, with certain exceptions, the costs …
Persistent link: https://www.econbiz.de/10009463395