TWO APPROACHES TO MEASURING THE ECONOMIC IMPACT OF STARLINK CORN ON U.S. PRODUCERS

The discovery of StarLink corn in U.S. food products caused considerable disruption in the corn markets in 2000 and 2001. We estimated two models on the impact of StarLink corn over the 2000/2001 marketing year. In the first model, to segregate the U.S. corn market, identity preservation costs (IP costs) were imposed on the U.S. grain handling system to deal with both domestic and export sales of food corn and export sales of non food corn to Japan. In the second model, structural changes in corn demand were taken into account. Without taking into account Loan Deficiency Payment Program (LDP) payments, significant costs were incurred by producers as a result of StarLink. However, the effectively reduced the loss in revenue that would have been caused by StarLink, since there were periods of time immediately following the discovery of StarLink during which the market price dropped below the loan rate for corn. It was estimated that StarLink caused U.S. producers to lose between $25 and$290 million in revenue.Research and Development/Tech Change/Emerging Technologies,

The brave new world: imperfect information, segregation costs, and genetically modified organisms

The introduction of genetically modified (GM) crops in the mid 1990s appeared to be the latest in a string of technological innovations in agriculture. However, consumer resistance, particularly in Europe has limited the sector’s enthusiasm. One response to the limited enthusiasm has been the emergence of segregated markets for GM and non-GM products. These separated markets reduce economic welfare because they require additional costs in the marketing system. Offsetting these segregation costs, however, the introduction of GM technologies offers increased economic welfare through reduced commodity prices for consumers who are indifferent to the presence of GM traits and increased profits to producers who adopt GM technologies. This study develops the combinations of segregation costs and increased supplies that leave societal surplus unchanged. Any GM technology that yields a larger increase in supply for any segregation cost depicted in this relationship meets the compensation principle and, thus, improves societal welfare. In this case, market based adoption of these technologies improve economic surplus. On the other hand, technologies that yields less increase in supply for any segregation cost reduces societal welfare. Under this scenario, market based adoption will not be welfare improving and, hence, government regulation may be required.genetically modified (GM) crops, compensation principle, segregation costs, Pareto principle, immiserizing growth, Agricultural and Food Policy, Research and Development/Tech Change/Emerging Technologies,

WHERE IS THE WALRASIAN AUCTIONEER FOR AGRICULTURAL MARKETS? AN EXAMINATION OF THE MARKETING INSTITUTION

In the classical development of economic equilibrium and efficiency, transaction costs are seldom considered. This study develops a micro- market model of an agricultural market based on quality differences. The study then develops a model of market structure based on the New Theory of the Firm. Using the two models, we draw conclusions about economic potential for E-Commerce.Marketing,

Trajectory-correction propulsion system Patent

Spacecraft trajectory correction propulsion syste

VERTICAL INTEGRATION AND TRADE POLICY: THE CASE OF SUGAR

The degree of vertical integration in the U.S. sugar industry between raw sugar processing and sugar refining cannot be explained using theories of vertical integration based on transaction costs (e.g. Williamson). We graphically decompose the economic rents accruing to each level in the marketing channel. Different strategies of several major sugar producing, processing and refining entities with regard to sugar quota policy are explored.Agribusiness, Industrial Organization,

The role of use cases in development of a reference framework for interoperability of data exchange in agriculture

vokKVIKA

Natural Disasters and the Yield Curve of Florida Valencias

Crop Production/Industries,

The Effect of Increased Energy Prices on Agriculture: A Differential Supply Approach

The increase in energy prices between 2004 and 2007 has several potential consequences for aggregate agriculture in the U.S. We estimate the derived input demand elasticities for energy as well as capital, labor, and materials using the differential supply formulation. Given that the derived input demand for energy is inelastic, it is more price-responsive than the other inputs. The results also indicate that the U.S. aggregate agricultural supply function is responsive to energy prices.differential input demand, concavity constrained, energy, Agribusiness, Agricultural Finance, Demand and Price Analysis, Financial Economics, Industrial Organization, Labor and Human Capital, Land Economics/Use, Marketing, Production Economics, Productivity Analysis, Research Methods/ Statistical Methods, C30, Q11, Q42,

Kinetic Vlasov Simulations of collisionless magnetic Reconnection

A fully kinetic Vlasov simulation of the Geospace Environment Modeling (GEM) Magnetic Reconnection Challenge is presented. Good agreement is found with previous kinetic simulations using particle in cell (PIC) codes, confirming both the PIC and the Vlasov code. In the latter the complete distribution functions $f_k$ ($k=i,e$) are discretised on a numerical grid in phase space. In contrast to PIC simulations, the Vlasov code does not suffer from numerical noise and allows a more detailed investigation of the distribution functions. The role of the different contributions of Ohm's law are compared by calculating each of the terms from the moments of the $f_k$. The important role of the off--diagonal elements of the electron pressure tensor could be confirmed. The inductive electric field at the X--Line is found to be dominated by the non--gyrotropic electron pressure, while the bulk electron inertia is of minor importance. Detailed analysis of the electron distribution function within the diffusion region reveals the kinetic origin of the non--gyrotropic terms

On the sound of snapping shrimp

Snapping shrimp produce a snapping sound by an extremely rapid closure of their snapper claw. Source levels reported for Alpheus heterochaelis are as high as 220 dB (peak-to-peak) re. 1 µPa at 1 m distance. The loud snap has been attributed to the mechanical contact made when the snapper claw contracts. The recent ultra-high-speed imaging of the snapper claw closure at 40500 frames per second has revealed that the sound is, in fact, generated by the collapse of a cavitation bubble formed in a fast flowing water jet forced out from between the claws during claw closure. A temporal analysis of the sound recordings and the high-speed images shows that no sound is associated with the claw closure, while a very prominent signal is observed during the collapse of the cavitation bubble. Gallery of Fluid Motion\ud Award-winning entry 200