Showing 1 - 10 of 137
Both options and better information about prices have been proposed to increase the attractiveness of livestock hedging strategies. This study examines the value of incorporating both into hedging strategies for live hogs. A two-period simulation model in which a hog producer chooses a hedging...
Persistent link: https://www.econbiz.de/10009477607
Exchanges of either long term rights (property right transfer) or spot rights (rights rental) to water may result in third party effects that place practical limits on the geographic scope of a water market. The result will be a market with few eligible participants. A "thin" market suffers from...
Persistent link: https://www.econbiz.de/10009477608
Food firms can improve their profits by focusing on one or a few specialized activities because of efficiency gains and/or market power benefits. This study documents that profits increase with increasing concentration for firms in food industries whose top-4-concentration ratio is greater than 38%.
Persistent link: https://www.econbiz.de/10009477613
As a result of the unique segmentation of the international rice market, and the dominance of US and Thailand within certain market segments, a model of monopolistic price discrimination is developed in this study to examine export price adjustment in response to exchange rate fluctuations. The...
Persistent link: https://www.econbiz.de/10009477618
Cointegration analysis is used to study the spot and futures price relationships for two storable commodities, corn and soybeans, and a nonstorable commodity, live hogs, over a 13-year period, 1980 to 1992. For corn and soybeans, cointegration is found in most pre-harvest contracts (July), and...
Persistent link: https://www.econbiz.de/10009477634
A micro-analytic approach based on an integration of elements from Agency and Transactions-cost theories, was followed to develop a theoretical framework for characterizing vertical coordination decisions at the firm level. Vertical coordination modes were defined as all possible arrangements...
Persistent link: https://www.econbiz.de/10009477637
food and export agriculture sectors allows a distinction between tradeable and nontradeable agricultural commodities and an … to examine how micro-level markets in the agricultural sector respond to macro-level changes such as exchange rate and … agricultural households and urban rich at the expense of rural non-farm and urban poor households. Under the package of combined …
Persistent link: https://www.econbiz.de/10009477651
This study investigates the problem of forecasting volatilities used in option pricing models for live cattle and live hog futures. The forecast problem is cast in the framework of Bayesian inference. Six types of individual forecast models are used--GARCH models, ARIMA models, systems of...
Persistent link: https://www.econbiz.de/10009477658
This study identifies the changes that have occurred in the world cocoa market, explains these changes and deduces implications for development policy. Supply of cocoa to the world market has increased and the world price of cocoa is decreasing. Cocoa is an important export commodity for...
Persistent link: https://www.econbiz.de/10009477680
Specialists and donor groups alike claim that most public irrigation systems in Asia operate well below their potential; yet there is a very little quantitative information on the extent to which these systems are achieving performance objectives. This study develops a methodology to evaluate...
Persistent link: https://www.econbiz.de/10009477688