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A three period overlapping generations model is developed to investigate the impact of shorter life expectancy due to disease, on human capital investment decisions and income growth. This research is particularly relevant to Sub-Saharan Africa given the dramatic reduction in life expectancy due...
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Farmers’ Willingness to Grow Switchgrass as a Cellulosic Bioenergy Crop: A Stated Choice Approach Agriculture’s role as a source of feedstocks in a potential lignocellulosic-based biofuel industry is a critical economic issue. Several studies have assessed the technical feasibility of...
Persistent link: https://www.econbiz.de/10009203068
The effectiveness of Personal Response System (PRS) technology, sometimes called clickers, in engaging millennial students in more active learning is evaluated using pre-use and post-use surveys in three undergraduate agricultural economics courses with a total of 300 students. A PRS allows...
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We utilize Classification and Regression Tree analysis to categorize the return of extending the season for upland. High, medium, and low values for cost of water, lint prices, and quality discount/premiums were applied to the lint yield and quality differentials realized from 198 irrigation...
Persistent link: https://www.econbiz.de/10005801749
Stochastic dominance criteria can be, but seldom are explicitly, applied to problems having continuous variables. A previously developed model is modified to facilitate exploration of sets of shadow price vectors for decreasing (non-increasing) absolute risk aversion stochastic dominance (DSD),...
Persistent link: https://www.econbiz.de/10005801750
Co-products of processing agricultural commodities are often marketed through private transaction rather than through public markets or those in which public transaction information is recorded or available. The resulting lack of historical price information prohibits the use of positive time...
Persistent link: https://www.econbiz.de/10005801751
The United States imposed a tariff-rate quota (TRQ) on lamb meat in July 1999. Early analysis suggested the possibility that lamb growers could lose welfare via the creation of packer market power. This paper considers how subsequent events modify that analysis. Observed prices suggest reduced...
Persistent link: https://www.econbiz.de/10005801752