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China, Coal, Calamities and Cryptos 中国,煤炭,灾难和密码
Pub Date : 2021-05-22 DOI: 10.2139/ssrn.3851253
Erdinç Akyıldırım, S. Corbet, B. Lucey
The growth of cryptocurrency mining in China, still heavily reliant on coal as a fuel for electricity generation, raises natural questions on the inter-relatedness of coal and crypto prices and volatilities. We investigate this, and the safety and thus supply stability of domestic Chinese coal mining. We find strong evidence of increased bitcoin volatility in the period post-Chinese coal mining accidents, with limited effects on global coal prices. Global coal price interrelationships do not respond to Chinese mining disaster-induced volatility but do respond to the largest Bitcoin-related price movements.
在中国,加密货币挖矿的增长仍然严重依赖煤炭作为发电燃料,这自然引发了煤炭与加密货币价格和波动之间相互关系的问题。本文对这一问题进行了研究,并对中国国内煤矿开采的安全性和供应稳定性进行了研究。我们发现强有力的证据表明,在中国煤矿事故发生后的一段时间里,比特币的波动性有所增加,对全球煤炭价格的影响有限。全球煤炭价格的相互关系不会对中国矿难引发的波动做出反应,但会对比特币相关的最大价格波动做出反应。
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引用次数: 2
What Do People Want to Know? Information Avoidance and Food Policy Implications 人们想知道什么?信息回避和食品政策影响
Pub Date : 2021-05-04 DOI: 10.2139/ssrn.3839513
C. Sunstein, L. Reisch, Micha Kaiser
What information would people like to have? What information would they prefer to avoid? How does the provision of information bear on welfare? And what does this mean for food policy? Representative surveys in eleven nations find that substantial percentages of people do not want to receive information even when it bears on health, sustainability, and consumer welfare. Nonetheless, substantial percentages of people also do want to receive that information, and people’s willingness to pay for information, contingent on their wanting it, is mostly higher than people’s willingness to pay not to receive information, contingent on their not wanting it. We develop a model and estimate the welfare effects of information provision. We find substantial benefits and costs, with the former outweighing the latter. The results suggest that in principle, policymakers should take both instrumental and hedonic effects into account when deciding whether to impose disclosure requirements for food, whether the domain involves health, safety, or moral considerations. If policymakers fail to consider either instrumental or hedonic effects, and if they fail to consider the magnitude of those effects, they will not capture the welfare consequences of disclosure requirements. Our evidence has concrete implications for how to think about, and capture, the welfare consequences of such requirements with respect to food.
人们想要什么样的信息?他们希望避免什么信息?信息的提供对福利有何影响?这对食品政策意味着什么?在11个国家进行的具有代表性的调查发现,相当大比例的人不想接受信息,即使这些信息与健康、可持续性和消费者福利有关。尽管如此,仍有相当比例的人确实想要接收这些信息,而且人们愿意为信息付费的意愿(取决于他们想要它),大多高于人们不愿意为信息付费的意愿(取决于他们不想要它)。我们建立了一个模型并估计了信息提供的福利效应。我们发现了巨大的收益和成本,前者大于后者。结果表明,原则上,政策制定者在决定是否对食品实施披露要求时,无论该领域是否涉及健康、安全或道德考虑,都应考虑工具效应和享乐效应。如果政策制定者没有考虑到工具效应或享乐效应,如果他们没有考虑到这些效应的严重性,他们就无法捕捉到披露要求带来的福利后果。我们的证据对如何思考和捕捉这些对食物的要求对福利的影响具有具体的意义。
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引用次数: 9
Three-Stage TSARs, Interdependent Values, and Biodiversity Production on Private Lands 三期沙皇、相互依存价值与私有土地生物多样性生产
Pub Date : 2021-04-05 DOI: 10.2139/ssrn.3883474
Mark D. Agee, T. Crocker
We propose a static three-stage incentive-compatible, budget-balanced, execution-contingent scheme for a regulator to allocate biodiversity protection responsibilities across a landscape mosaic having multiple value-interdependent owners. The scheme motivates owners to truthfully report their opportunity costs of protection to the regulator and to comply with their assigned habitat protection responsibilities.
我们提出了一个静态的三阶段激励兼容、预算平衡、执行条件的方案,用于监管机构在具有多个价值相互依赖的所有者的景观马赛克中分配生物多样性保护责任。该计划促使业主向监管机构如实报告保护的机会成本,并履行指定的栖息地保护责任。
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引用次数: 0
Awareness Level on Farm Machinery among Rice Farmers 稻农对农业机械的认知水平
Pub Date : 2021-03-14 DOI: 10.2139/ssrn.3804325
Benson Z. Munar Benson Z. Munar, M. A. Estigoy, D. Vargas
The use of machinery has been adapted in various facets of agriculture as it helps to improve the farm practices of the farmers. Progressively higher levels of farm machinery have been introduced into all sectors of development, with the use of IEC materials (Information, Education, Campaign), farm machinery can be more effective. Philippine Center for Postharvest Development and Mechanization (PhilMech) is a government agency engaged in postharvest research, development, and extension activities. The scope of this study is not only awareness of IEC materials but also an increase in knowledge about farm machinery promoted through IEC materials. The respondents were purposively chosen. The agricultural office of San Jose identified the two (2) top rice-producing barangays in San Jose. They are 234 farmers that are randomly selected as respondents of the study. Farming is the main source of their income and the majority of the respondents are married and the common age of the respondents are ranging from 31 to 40 years old. The awareness level of farmers in farm machinery promoted through IEC materials in selected barangays of San Jose city is enough for the information they need. More farmers receive leaflets and flyers and some of the farmers are using the machinery that is promoted and developed by PhilMech.
机械的使用已经在农业的各个方面进行了调整,因为它有助于改善农民的耕作方法。在发展的所有部门逐步采用更高水平的农业机械,利用信息、教育、运动材料,农业机械可以更加有效。菲律宾采后发展和机械化中心(PhilMech)是一个从事采后研究、开发和推广活动的政府机构。这项研究的范围不仅是对IEC材料的认识,而且还包括通过IEC材料促进农业机械知识的增加。受访者是有意选择的。圣何塞农业办公室确定了圣何塞的两个顶级水稻生产村。他们是随机抽取的234名农民作为调查对象。农业是他们的主要收入来源,大多数受访者已婚,受访者的普遍年龄在31岁至40岁之间。在圣何塞市选定的乡村,通过信息、教育和宣传材料提高了农民对农业机械的认识水平,足以使他们获得所需的信息。更多的农民收到了传单和传单,一些农民正在使用由PhilMech推广和开发的机器。
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引用次数: 0
Uncertainty in the Analytic Climate Economy 分析气候经济中的不确定性
Pub Date : 2021-03-01 DOI: 10.2139/ssrn.3832735
Christian P. Traeger
The paper analyzes optimal climate policy under uncertainty. It endows a recent quantitative analytic integrated assessment model (IAM) with long-run risk, adapting methods from the asset pricing literature to deal with endogenous climate risk. The model solves in closed-form for general degrees of risk aversion, stochastic climate feedbacks, and a stochastic damage-adaptation process. The model permits an exact solution of the infinite horizon stochastic fixed-point problem of a complex IAM. The approach facilitates new quantitative evidence for the role of uncertainty as well as analytic insights into the drivers and sensitivities of the optimal carbon tax facing an uncertain future.
本文分析了不确定条件下的最优气候政策。它使最近的定量分析综合评估模型(IAM)具有长期风险,采用资产定价文献中的方法来处理内生气候风险。该模型对一般风险规避程度、随机气候反馈和随机损害适应过程采用封闭形式求解。该模型允许一个复杂IAM的无限视界随机不动点问题的精确解。该方法为不确定性的作用提供了新的定量证据,也为面对不确定未来的最佳碳税的驱动因素和敏感性提供了分析见解。
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引用次数: 4
Economic Preferences Over Risk-Taking and Corporate Finance 风险承担和企业融资的经济偏好
Pub Date : 2021-02-27 DOI: 10.2139/ssrn.3794227
M. Delis, I. Hasan, C. Tsoumas, Maria Iosifidi
We contend that economic preferences over risk-taking in different subnational regions worldwide affect fundamental aspects of firms’ corporate financing, namely financing costs and capital structure. We study this hypothesis, by hand-matching firms’ regions worldwide with the corresponding regional economic risk-taking preferences. Our baseline results show that credit and bond pricing increase with higher risk-taking preferences, whereas such preferences yield lower ratios of book leverage and short-term debt. We backup our baseline results with an instrumental variables approach, which is based on the premise that high-yield agricultural societies in the pre-industrial era exhibit low risk-taking preferences.
我们认为,全球不同次国家级地区的经济风险偏好会影响企业融资的基本方面,即融资成本和资本结构。我们通过将全球企业所在区域与相应的区域经济风险偏好进行手工匹配来研究这一假设。我们的基线结果表明,信贷和债券定价随着风险偏好的增加而增加,而这种偏好产生较低的账面杠杆率和短期债务。我们使用工具变量方法来支持我们的基线结果,该方法基于前工业化时代高产农业社会表现出低风险偏好的前提。
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引用次数: 0
Global dietary convergence from 1970 to 2010, despite inequality in agriculture, leaves undernutrition concentrated in a few countries 从1970年到2010年,尽管农业存在不平等,但全球饮食趋同使营养不良集中在少数国家
Pub Date : 2021-02-14 DOI: 10.2139/ssrn.3638329
Winnie Bell, Keith Lividini, W. Masters
Humans globally have similar nutritional needs but face large differences in natural resource endowments and local food production. This study quantifies food system inequality across countries based on natural resource inputs, food/nutrient outputs, and nutrition/health outcomes, from 1970 to 2010. Animal source foods and overweight/obesity show rapid convergence while availability of selected micronutrients demonstrate slower convergence. However, all variables are more equally distributed than national income per capita, whose Gini coefficient declined from 0·71 to 0·65. Inequalities in total and animal-source dietary energy declined from 0·16 to 0·10 and 0·55 to 0·36, respectively. There was convergence in overweight/obesity prevalence from 0·39 to 0·27, while undernutrition and stunting became increasingly concentrated in a few high-burden countries. Characterizing cross-country inequalities in agricultural resources, foods, nutrients, and health can help identify critical opportunities for agriculture and food policies, as well as prioritize research objectives and funding allocation for the coming decade.
全球人类具有相似的营养需求,但在自然资源禀赋和当地粮食生产方面面临巨大差异。本研究根据1970年至2010年的自然资源投入、食物/营养产出和营养/健康结果,量化了各国粮食系统的不平等。动物源食品和超重/肥胖表现出快速趋同,而可获得的选定微量营养素表现出较慢的趋同。然而,所有变量都比人均国民收入分配更均匀,人均国民收入的基尼系数从0.71下降到0.65。总能量和动物源性日粮能量差异分别从0.16降低到0.10和0.55降低到0.36。从0.39到0.27,超重/肥胖患病率趋于一致,而营养不足和发育迟缓越来越集中在少数高负担国家。描述农业资源、粮食、营养和健康方面的跨国不平等现象有助于确定农业和粮食政策的关键机会,并为未来十年确定研究目标和资金分配的优先次序。
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引用次数: 2
Land Measurement Bias: Comparisons from Global Positioning System, Self-Reports, and Remote Sensing Data 土地测量偏差:来自全球定位系统、自我报告和遥感数据的比较
Pub Date : 2021-02-01 DOI: 10.2139/ssrn.3801250
A. Dillon, L. Rao
We investigate the reliability of land measurement modes on non-classical measurement error and empirical relationships. In our multi-country survey experiment, we find significant differences between GPS and remotely sensed data only in Viet Nam, where plot sizes are small relative to the other countries. The magnitude of farmers’ self-reporting bias relative to GPS measures is nonlinear, with the largest magnitude of self-reporting bias of 130% of a standard deviation (2.2-hectare bias) in the Lao People’s Democratic Republic relative to Viet Nam, which has 13.3% of a standard deviation (.008-hectare bias). In all countries except Viet Nam, the inverse land size–productivity relationship is upwardly biased for lower land area self-reported measures relative to GPS measures. In Viet Nam, the intensive margin of organic fertilizer use is negatively biased (30.4 percentage points) by self-reported measurement error. We conclude by considering sources of measurement error in implementation and costs.
我们研究了土地测量模式在非经典测量误差和经验关系上的可靠性。在我们的多国调查实验中,我们发现只有在越南,GPS和遥感数据之间存在显著差异,越南的地块面积相对于其他国家较小。相对于GPS测量,农民自我报告偏差的幅度是非线性的,相对于越南,老挝人民民主共和国的自我报告偏差最大,为130%的标准差(2.2公顷偏差),越南为13.3%的标准差(2.2公顷偏差)。008公顷的偏见)。在除越南以外的所有国家,相对于GPS测量,土地面积自报测量的土地面积与生产力的反向关系向上偏倚。在越南,由于自我报告的测量误差,有机肥使用集约化边际呈负偏差(30.4个百分点)。最后,我们考虑了实施和成本中测量误差的来源。
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引用次数: 0
Technical Note: Optimal Market Integration Decisions by Policy Makers: Modeling and Analysis of Agriculture Market Data 技术说明:政策制定者的最优市场整合决策:农业市场数据的建模与分析
Pub Date : 2021-01-23 DOI: 10.2139/ssrn.3628930
Shivam Gupta, S. Bansal
Policy-makers often seek to integrate markets as a way to maximize social welfare. Prior research has examined the effect of market integration on social welfare (surplus) only at two extremes -- when the markets are fully integrated, or, when they are fully isolated. But there is scarce information available for (i) how large the social surplus is at intermediate levels of market integration, and (ii) whether social surplus is maximized when markets are fully integrated, or fully isolated, or partially integrated. In this note, we consider the spectrum of all possible integration policies spanning from full isolation to complete integration, and characterize the socially-optimal market integration, under general demands. Our setting consists of a policy-maker, a price-setting firm, and a continuum of consumers in two markets. We identify market conditions under which social surplus is indeed maximized at partial market-integration. For the linear price-responsive demand model that is used extensively in the operations management literature, these conditions are identified as thresholds on (i) the relative size of the markets being integrated, and, (ii) the relative price-sensitivity of consumers in these markets. We then apply the model to the commercial seed market in European Union (EU). We first identify the optimal level of market integration between the markets for seed corn in various countries in EU. Subsequent analysis shows that socially-optimal market integration for these countries provides a further improvement in the social surplus for EU by 2.80%, relative to complete integration. Overall, our results show that policy-makers should exercise caution in determining the extent to which markets are integrated.
政策制定者经常寻求整合市场,作为实现社会福利最大化的一种方式。先前的研究只在两个极端情况下考察了市场一体化对社会福利(盈余)的影响——当市场完全一体化时,或者当市场完全隔离时。但是,对于(1)在市场一体化的中间水平上社会剩余有多大,以及(2)当市场完全一体化、完全孤立或部分一体化时,社会剩余是否最大化,可用的信息很少。在本文中,我们考虑了从完全隔离到完全一体化的所有可能的一体化政策的范围,并描述了一般需求下社会最优市场一体化的特征。我们的环境由一个政策制定者、一个定价公司和两个市场的连续消费者组成。我们确定了在部分市场一体化下社会剩余确实最大化的市场条件。对于在运营管理文献中广泛使用的线性价格响应需求模型,这些条件被确定为(i)正在整合的市场的相对规模,以及(ii)这些市场中消费者的相对价格敏感性的阈值。然后我们将该模型应用于欧盟(EU)的商业种子市场。我们首先确定了欧盟各国种子玉米市场之间的最佳市场整合水平。随后的分析表明,相对于完全一体化,这些国家的社会最优市场一体化使欧盟的社会剩余进一步提高了2.80%。总体而言,我们的研究结果表明,政策制定者在确定市场整合程度时应谨慎行事。
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引用次数: 1
ОЦЕНКА СОСТОЯНИЯ ПРОДОВОЛЬСТВЕННОЙ БЕЗОПАСНОСТИ РОССИИ (Assessment of the State of Food Security in the Russia) ОЦЕНКАСОСТОЯНИЯПРОДОВОЛЬСТВЕННОЙБЕЗОПАСНОСТИРОССИИ(评估国家粮食安全的俄罗斯)
Pub Date : 2021-01-21 DOI: 10.2139/ssrn.3874900
Natalia Shagaida, Vasily Uzun, E. Gataulina, E. Shishkina
Russian abstract: Рассмотрены изменения в подходах к мониторингу продовольственной безопасности ФАО после принятия Целей устойчивого развития ООН до 2030 г., новации Доктрины продовольственной безопасности 2020 г, проведена по разным методикам оценка состояния и тенденций изменения продовольственной безопасности России с 2013 по 2019 г, а также – по доступным показателям – за 2020 г. English abstract: Changes in approaches of FAO food security monitoring after the adoption of the UN Sustainable Development Goals until 2030 and innovations in the 2020 RF Food Security Doctrine were considered. The assessment of the current state and  trends in food security in Russia from 2013 to 2019 (by several available indicators - for 2020) was carried out using different methods.
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引用次数: 0
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Agricultural & Natural Resource Economics eJournal
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