EXCISE TAXES AND COMMODITY PROMOTION: BAYESIAN RETRIEVAL OF THE OPTIMUM

This article shows how the solution to the promotion problem--—the problem of locating the optimal level of advertising in a downstream market--—can be derived simply, empirically, and robustly through the application of some simple calculus and Bayesian econometrics. We derive the complete distribution of the level of promotion that maximizes producer surplus and generate recommendations about patterns as well as levels of expenditure that increase net returns. The theory and methods are applied to quarterly series (1978:2S1988:4) on red meats promotion by the Australian Meat and Live-Stock Corporation. A slightly different pattern of expenditure would have profited lamb producers.Bayesian estimation, commodity promotion as an experiment, distribution of the optimum, Taylor-series expansion, Livestock Production/Industries, Marketing,

Reactions of technetium hexafluoride with nitric acid, nitrosyl fluoride, and nitryl fluoride

Stoichiometry of technetium hexafluoride reactions is studied. Magnetic properties and infrared spectra of reaction products are studied and compared with those of analogous complexes of the hexafluorides of tungsten, rhenium, and osmium

Adoption of Certified Organic Production: Evidence from Mexico

Adoption of organic production and subsequent entry into the organic market is examined using Mexican avocado producers as a case study. Probit analysis of a sample of 183 small-scale (<15ha) producers from Michoacán suggests that adoption is positively influenced by management and economic factors (e.g. production costs per hectare and making inputs), but also by social factors (e.g. membership of a producers’ association). Experience in agriculture has a significant but negative effect. Effective policy design must be therefore be aware of both the economic and social complexities surrounding adoption decisions

New distributional record of Anthrenus dorsatus Mulsant & Rey, 1868 (Coleoptera, Dermestidae), Thessaloniki, Greece

Anthrenus dorsatus Mulsant & Rey, 1868 has been recorded from North Africa, Malta, and Iberia. During a recent visit to Thessaloniki, Greece, several Anthrenus species were collected, including A. dorsatus. The previously known distribution of A. dorsatus suggested that this species was restricted to the western Mediterranean basin, possibly with a coastal bias. This record extends the known range of A. dorsatus farther east and providing more evidence of range expansion in the pimpinellae species group across Europe, possibly driven by global climate change

The origin of the strings in the outer regions of Eta Carinae

The narrow optical filaments (`strings' or `spikes') emerging from the Homunculus of Eta Carinae are modelled as resulting from the passage of ballistic `bullets' of material through the dense circumstellar environment. In this explanation, the string is the decelerating flow of ablated gas from the bullet. An archive HST image and new forbidden line profiles of the most distinct of the strings are presented and discussed in terms of this simple model.Comment: 5 pages, 4 figure

Proceedings of the MEVTV Workshop on The Evolution of Magma Bodies on Mars

The workshop focused on many of the diverse approaches related to the evolution of magma bodies on Mars that have been pursued during the course of the Mars Evolution of Volcanism, Tectonism, and Volatiles (MEVTV) Program. Approximately 35 scientists from the Mars volcanology, petrology, geochemistry, and modeling communities attended. Segments of the meeting concentrated of laboratory analyses and investigations of SNC meteorites, the interpretation of Viking Orbiter and Lander datasets, and the interpretation of computer codes that model volcanic and tectonic processes on Mars. Abstracts of these reports are presented

Bayesian Ranking and Selection of Fishing Boat Efficiencies

The steadily accumulating literature on technical efficiency in fisheries attests to the importance of efficiency as an indicator of fleet condition and as an object of management concern. In this paper, we extend previous work by presenting a Bayesian hierarchical approach that yields both efficiency estimates and, as a byproduct of the estimation algorithm, probabilistic rankings of the relative technical efficiencies of fishing boats. The estimation algorithm is based on recent advances in Markov Chain Monte Carlo (MCMC) methods—Gibbs sampling, in particular—which have not been widely used in fisheries economics. We apply the method to a sample of 10,865 boat trips in the US Pacific hake (or whiting) fishery during 1987–2003. We uncover systematic differences between efficiency rankings based on sample mean efficiency estimates and those that exploit the full posterior distributions of boat efficiencies to estimate the probability that a given boat has the highest true mean efficiency.Ranking and selection, hierarchical composed-error model, Markov Chain Monte Carlo, Pacific hake fishery, Resource /Energy Economics and Policy, Q2, L5, C1,