{"title":"Exchange Rate Effects on the U.S.-Canada Forest Products Trade: Are the Effects Asymmetric?","authors":"Jungho Baek, Jiangqin Xu","doi":"10.22004/AG.ECON.307463","DOIUrl":"https://doi.org/10.22004/AG.ECON.307463","url":null,"abstract":"","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68539971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We conducted an event study to examine the effect of E. coli recalls on prices in the vertically connected U.S. beef industry. Our findings show that the resulting price changes of beef products vary across stages in the U.S. beef industry and that the prices of disaggregated beef products are more vulnerable to E. coli recalls than the prices of aggregated products. This suggests that downstream agents transacting specific ground beef products may be more adversely affected by E. coli recalls than upstream agents trading live animals.
{"title":"How Do E. coli. Recalls Impact Cattle and Beef Prices","authors":"D. Moon, G. Tonsor","doi":"10.22004/AG.ECON.298436","DOIUrl":"https://doi.org/10.22004/AG.ECON.298436","url":null,"abstract":"We conducted an event study to examine the effect of E. coli recalls on prices in the vertically connected U.S. beef industry. Our findings show that the resulting price changes of beef products vary across stages in the U.S. beef industry and that the prices of disaggregated beef products are more vulnerable to E. coli recalls than the prices of aggregated products. This suggests that downstream agents transacting specific ground beef products may be more adversely affected by E. coli recalls than upstream agents trading live animals.","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68537337","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Chian Jones Ritten, C. Bastian, Selena Gerace, Owen R. Phillips, A. Nagler
The number of women in agricultural management positions and as business owners is increasing. A critical part of agricultural managers' success is negotiating profitable sales, which depends on negotiation strategy. We use laboratory market experiments to measure gender differences in negotiation strategy and related outcomes in three market contexts common to agricultural product sales. Results show that women tend to choose a negotiation strategy that focuses on trading a higher quantity but at a lower per trade profit than men. Our results further show that women will be disproportionately hurt as agricultural markets move away from traditional market environments toward privately negotiated contracts.
{"title":"An Experimental Inquiry of Gender Differences in Negotiation Strategy and Outcomes: Agricultural Market Implications","authors":"Chian Jones Ritten, C. Bastian, Selena Gerace, Owen R. Phillips, A. Nagler","doi":"10.22004/AG.ECON.302458","DOIUrl":"https://doi.org/10.22004/AG.ECON.302458","url":null,"abstract":"The number of women in agricultural management positions and as business owners is increasing. A critical part of agricultural managers' success is negotiating profitable sales, which depends on negotiation strategy. We use laboratory market experiments to measure gender differences in negotiation strategy and related outcomes in three market contexts common to agricultural product sales. Results show that women tend to choose a negotiation strategy that focuses on trading a higher quantity but at a lower per trade profit than men. Our results further show that women will be disproportionately hurt as agricultural markets move away from traditional market environments toward privately negotiated contracts.","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68537717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Chengcheng J. Fei, D. Vedenov, Reid B. Stevens, David P. Anderson
{"title":"Single-Commodity vs. Joint Hedging in Cattle Feeding Cycle: Is Joint Hedging Always Essential?","authors":"Chengcheng J. Fei, D. Vedenov, Reid B. Stevens, David P. Anderson","doi":"10.22004/AG.ECON.304776","DOIUrl":"https://doi.org/10.22004/AG.ECON.304776","url":null,"abstract":"","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68539478","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"TOC and Front Matter","authors":"Waea","doi":"10.22004/AG.ECON.305273","DOIUrl":"https://doi.org/10.22004/AG.ECON.305273","url":null,"abstract":"","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68539539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Baoubadi Atozou, L. Tamini, Stéphane Bergeron, M. Doyon
Meta-analyses are getting more common in economics. However, little information is available regarding the choice of econometric models and its impact on results. Moreover, outlier data are common in meta-analyses and some authors have simply chosen to remove arbitrarily such data. We use the rich literature of meta-analysis on hypothetical bias (HB) related to contingent valuation methods to illustrate our point. More specifically, we review and update the meta-analyses of HB using a Meta-Regression Hierarchical Mixed Effect (MRHME) model and we apply a Bayesian Gibbs Sampling as classical results robustness check. A set of 462 observations from 87 economic valuation studies is used to this effect. The findings indicate that MRHME model is more efficient to explain HB. While respondents overstate their stated willingness-to-pay for a good by a factor of two, cheap talk, certainty correction, Ex Ante and Ex Post mitigation techniques significantly reduce the HB. Notwithstanding, mitigation techniques are more effective in private goods economic valuation.
{"title":"Factors Explaining the Hypothetical Bias: How to Improve Models for Meta-analyses","authors":"Baoubadi Atozou, L. Tamini, Stéphane Bergeron, M. Doyon","doi":"10.22004/AG.ECON.302460","DOIUrl":"https://doi.org/10.22004/AG.ECON.302460","url":null,"abstract":"Meta-analyses are getting more common in economics. However, little information is available regarding the choice of econometric models and its impact on results. Moreover, outlier data are common in meta-analyses and some authors have simply chosen to remove arbitrarily such data. We use the rich literature of meta-analysis on hypothetical bias (HB) related to contingent valuation methods to illustrate our point. More specifically, we review and update the meta-analyses of HB using a Meta-Regression Hierarchical Mixed Effect (MRHME) model and we apply a Bayesian Gibbs Sampling as classical results robustness check. A set of 462 observations from 87 economic valuation studies is used to this effect. The findings indicate that MRHME model is more efficient to explain HB. While respondents overstate their stated willingness-to-pay for a good by a factor of two, cheap talk, certainty correction, Ex Ante and Ex Post mitigation techniques significantly reduce the HB. Notwithstanding, mitigation techniques are more effective in private goods economic valuation.","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42372343","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Yeon A Hong, R. Gallardo, Xiaoli Fan, S. Atallah, M. Gómez
We investigate how phytosanitary regulations related to apple maggot could affect optimal pest control strategies and profits for apple producers potentially located in apple maggot quarantine areas. We estimate producer profits by an orchard’s quarantine status subject to a phytosanitary regulation requiring an additional cold storage period, reflecting the import requirements of China and British Columbia (Canada). Interestingly, we find that the increased cost burden generated by the additional cold storage from quarantine areas has an unintended consequence of raising the number of chemical applications, suggesting a substitution effect between pesticide application and cold storage.
{"title":"Phytosanitary Regulation of Washington Apple Producers under an Apple Maggot Quarantine Program","authors":"Yeon A Hong, R. Gallardo, Xiaoli Fan, S. Atallah, M. Gómez","doi":"10.22004/AG.ECON.292336","DOIUrl":"https://doi.org/10.22004/AG.ECON.292336","url":null,"abstract":"We investigate how phytosanitary regulations related to apple maggot could affect optimal pest control strategies and profits for apple producers potentially located in apple maggot quarantine areas. We estimate producer profits by an orchard’s quarantine status subject to a phytosanitary regulation requiring an additional cold storage period, reflecting the import requirements of China and British Columbia (Canada). Interestingly, we find that the increased cost burden generated by the additional cold storage from quarantine areas has an unintended consequence of raising the number of chemical applications, suggesting a substitution effect between pesticide application and cold storage.","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46563628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. Ramsey, J. Bergtold, Elizabeth Canales, Jeffery R. Williams
When considering adoption or intensification of existing conservation practices, farmers have unique, subjective views of the associated risks. These individual risk perceptions could have important implications for conservation adoption or intensification. As a result, traditional policy approaches to encourage conservation agriculture may be inefficient. This study examines conservation adoption, with special consideration given to yield-risk perceptions. We present a conceptual model of perceived yield risk and estimate bivariate probit models using survey data. Results indicate that positive practice perceptions, particularly with respect to soil fertility, and opportunities for on-farm trialing may encourage adoption.
{"title":"Effects of Farmers’ Yield-Risk Perceptions on Conservation Practice Adoption in Kansas","authors":"S. Ramsey, J. Bergtold, Elizabeth Canales, Jeffery R. Williams","doi":"10.22004/AG.ECON.287986","DOIUrl":"https://doi.org/10.22004/AG.ECON.287986","url":null,"abstract":"When considering adoption or intensification of existing conservation practices, farmers have unique, subjective views of the associated risks. These individual risk perceptions could have important implications for conservation adoption or intensification. As a result, traditional policy approaches to encourage conservation agriculture may be inefficient. This study examines conservation adoption, with special consideration given to yield-risk perceptions. We present a conceptual model of perceived yield risk and estimate bivariate probit models using survey data. Results indicate that positive practice perceptions, particularly with respect to soil fertility, and opportunities for on-farm trialing may encourage adoption.","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42409410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We conducted a field experiment involving the purchase of oysters to offer market-based evidence on whether consumers will scan quick response (QR) codes on food packages, a new labeling technology proposed by the SmartLabelTM initiative. In an artefactual marketplace selling oysters, only 1.2% participants scanned the QR code labels with their own devices. However, providing free access to a QR-scanning smartphone induced 52.6% of participants to access labeling information—a large improvement even compared to when this information was provided directly on the package. Furthermore, consumers’ responses to the additional information were similar regardless of how the information was delivered.
{"title":"To Scan or Not to Scan: The Question of Consumer Behavior and QR Codes on Food Packages","authors":"Tongzhe Li, K. Messer","doi":"10.22004/ag.econ.287977","DOIUrl":"https://doi.org/10.22004/ag.econ.287977","url":null,"abstract":"We conducted a field experiment involving the purchase of oysters to offer market-based evidence on whether consumers will scan quick response (QR) codes on food packages, a new labeling technology proposed by the SmartLabelTM initiative. In an artefactual marketplace selling oysters, only 1.2% participants scanned the QR code labels with their own devices. However, providing free access to a QR-scanning smartphone induced 52.6% of participants to access labeling information—a large improvement even compared to when this information was provided directly on the package. Furthermore, consumers’ responses to the additional information were similar regardless of how the information was delivered.","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68535495","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Food hubs offer a novel solution to connect small and mid-sized local farms, which individually lack the scale to profitably market their products. Because many food hubs rely on grants and philanthropy to provide services and are not necessarily profit-driven, markets may unintentionally oversaturate due to overinvestment.We use a firm-entry model to estimate the average U.S. county population necessary for one, two, and three food hubs to break even. Our findings suggest that policy makers and philanthropists need to consider the carrying capacity of the local food environment and population prior to supporting additional food hubs.
{"title":"Excess Competition among Food Hubs","authors":"Rebecca Cleary, S. Goetz, D. McFadden, Houtian Ge","doi":"10.22004/AG.ECON.281317","DOIUrl":"https://doi.org/10.22004/AG.ECON.281317","url":null,"abstract":"Food hubs offer a novel solution to connect small and mid-sized local farms, which individually lack the scale to profitably market their products. Because many food hubs rely on grants and philanthropy to provide services and are not necessarily profit-driven, markets may unintentionally oversaturate due to overinvestment.We use a firm-entry model to estimate the average U.S. county population necessary for one, two, and three food hubs to break even. Our findings suggest that policy makers and philanthropists need to consider the carrying capacity of the local food environment and population prior to supporting additional food hubs.","PeriodicalId":54890,"journal":{"name":"Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68534636","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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