A5040949315- Agricultural Economics and Policy
- Merger and Competition Analysis
- Auction Theory and Applications
- Economics of Agriculture and Food Markets
- Consumer Market Behavior and Pricing
- Global trade and economics
- Water resources management and optimization
- Economic theories and models
- Digital Platforms and Economics
- Economic and Environmental Valuation
- Agricultural Economics and Practices
- Agricultural risk and resilience
- Genetically Modified Organisms Research
- Intellectual Property and Patents
- Organic Food and Agriculture
- Agricultural Innovations and Practices
- Law, Economics, and Judicial Systems
- Experimental Behavioral Economics Studies
- Insurance and Financial Risk Management
- Capital Investment and Risk Analysis
- Food Safety and Hygiene
- Supply Chain and Inventory Management
- Game Theory and Applications
- Wine Industry and Tourism
- Land Rights and Reforms
South Dakota State University
2018-2019
International Food Policy Research Institute
2011-2017
Iowa State University
2001-2015
Kansas State University
2005-2009
Waters (United States)
2005
The paper studies the questions of why and when a supply chain should invest in traceability system that allows identification which supplier is responsible for quality defects due to insufficient non-contractible effort. We consider an environment with complementarity upstream downstream efforts provide quality, imperfect, lagged signals intermediate final repeated interaction. It demonstrated deciding whether maintain information about product origin, firms face trade-off. On one hand,...
This paper analyzes a repeated games model of collective reputation with imperfect public monitoring and perfect local peer efforts. Even when is local, firms may achieve higher profits under by decreasing the cost maintaining customers' trust. The optimal number that share common greater (1) trades are more frequent information disseminated rapidly, (2) deviation gain smaller compared to quality premium, (3) regarding firms' precise, or (4) intragroup about global. From positive...
We investigate the impacts of multilateral removal all border taxes and farm programs their distortions on developing economies, using a world agriculture partial equilibrium model. quantify changes in prices, trade flows, production locations. Border measures both affect trade, but barriers have largest impact. Following removal, expansion is substantial for most commodities, especially dairy, meats, vegetable oils. Net agricultural food exporters emerge with expanded exports; net importing...
This paper analyzes the optimal advertising and price policies of a monopolist who sells new experience good over time to population heterogeneous forward‐looking buyers. We consider that can complement or substitute for learning‐by‐purchasing, we show intensity always peaks during early stages when extracts surplus from buyers are yet learn their valuation good. also even though informative may temporarily raise prices slow down learning process, an ban reduce welfare.
Abstract There exists much uncertainty about consumer attitudes toward genetically modified foods. If it happens that sufficient (insufficient) acres are planted under nonmodified seed to meet postharvest demand, then a price premium will not (will) emerge for the varieties. A nonlinearity originates in fact may be supported. This interacts with demand determine equilibrium plantings and probability varietal prices differ. Also, as planting approaches signals broadcast nature of demand. We...
In this paper we study incentives to report clinically suspect situations in a simple model of an infectious animal disease with limited diagnostic resource. We characterize transfer scheme that sustains credible reporting and implements efficient test allocation. game without monetary transfers, first-best targeted testing are achievable both laissez-faire control regimes when the occurrence among few well-informed producers is unlikely. When number small, random optimal under mandatory...
This empirical paper investigates how duration of conservation tillage (CT) usage affects farmers’ perceptions on production cost, cash crop yields, and economic returns. was based the analysis responses from 708 surveys completed by South Dakota farmers in 2018. Our results suggest that it takes between 5 10 years before CT is regarded as profitable majority adopters. The likelihoods adoption positive outcomes are higher areas with less precipitation. Adoption subsidies should account for...
We study optimal disclosure of variety by a multiproduct firm with random costs. The prices for labeled varieties are increasing functions the cost differential and do not reveal which is cheaper to produce. Nondisclosure most common under moderate uncertainty about costs too much idiosyncrasy in valuations quality asymmetry. Mandatory decreases expected welfare when variability large asymmetry small. tends be oversupplied (undersupplied) voluntary (mandatory). Competition among firms that...
We investigate a basic question about monopoly with incomplete information: when does the seller have an incentive to allow potential buyers acquire more private information their tastes for seller's product? Under plausible conditions such as log‐concave density of willingness‐to‐pay and convex marginal cost, prefers that paying customers be well informed group but left in dark regarding individual tastes.
This paper studies the divergence in planning and equilibrium solutions for a multicell aquifer with heterogeneity cell depths. A spatial model is developed that explicitly accounts lateral movement of water between cells. The optimal problem maximizes discounted stream rents earned from irrigation over an infinite horizon. steady state this derived compared to competitive state, which results myopic rent maximization among users. Studying steady-state conditions two outcomes allows nature...
Abstract This article studies the divergence in planning and equilibrium solutions for a multicell aquifer with heterogeneity cell depths. A spatial model is developed that accounts lateral movement of water between cells. The optimal steady state this problem compared competitive state. Studying conditions two outcomes allows nature externalities to be characterized reveals effects varying In two-cell specification model, closed-form expressions are derived difference table elevations then...
Marketing assistance loan (MAL) and deficiency payment (LDP) programs differ in their treatment of transportation costs. decisions are analyzed under these when producers differentiated by location with respect to the terminal market. Under certain conditions, a complete characterization equilibrium is developed. The proposed model broadly fits several “stylized” facts about producer enrollment programs. If LDPs uniform at all locations, LDP do not interfere marketing decisions. MAL distort...
The U.S. market in subsidized commodity revenue insurance contracts has expanded rapidly since 1996. By far the most prevalent contract forms are crop-specific, rather than whole-farm design which a better claim to being optimal. For an arbitrary acre allocation vector, this paper inquires into absolute and relative determinants of actuarial costs these forms. value increases under particular characterization >more systematic= risk, whereas through crop-specific need not change. Upon fixing...