Price transmission analysis: A flexible methodological approach applied to European hog markets

The study of spatial price relationships contributes to explain markets performance, their degree of integration or isolation, and the speed at which information is transmitted. A great deal of methods have been used to analyze this issue, being the most important: causality tests, impulse- response functions and cointegration. Normally, these techniques have been individually applied. However, a more rich knowledge of the functioning of markets can be extracted when they are jointly applied. In this paper, we try to conjugate these three techniques in a common econometric model. First, Johansen(1988) multivariate cointegration tests are used to determine the number of long-run equilibrium relationships. Cointegration is considered not only as informative about long-run price transmission but also as an essential step in the correct specification of a vector error correction model (VECM) used in the subsequent analysis. Second, Dolado and Lutkepohl(1996) causality tests are used to investigate the lead-lag behaviour among markets. Finally, impulse-response functions are calculated from the VECM estimated in the first stage for evaluating dynamic price linkages. The method exposed is applied to study spatial pork prices relationships among seven countries in the EU from 1988 to 1995. Weekly prices at farm level published by EUROSTAT: "Agricultural Markets" are used.

The induced 2-tuple linguistic generalized OWA operator and its application in linguistic decision making

We present the induced 2-tuple linguistic generalized ordered weighted averaging (2-TILGOWA) operator. This new aggregation operator extends previous approaches by using generalized means, order-inducing variables in the reordering of the arguments and linguistic information represented with the 2-tuple linguistic approach. Its main advantage is that it includes a wide range of linguistic aggregation operators. Thus, its analyses can be seen from different perspectives and we obtain a much more complete picture of the situation considered and are able to select the alternative that best fits with with our interests or beliefs. We further generalize the operator by using quasi-arithmetic means, and obtain the Quasi-2-TILOWA operator. We conclude this paper by analysing the applicability of this new approach in a decision-making problem concerning product management.linguistic decision making, linguistic generalized mean, 2-tuple linguistic owa operator, 2-tuple linguistic aggregation operator

The generalized index of maximum and minimum level and its application in decision making

The index of maximum and minimum level is a very useful technique, especially for decision making, which uses the Hamming distance and the adequacy coefficient in the same problem. In this paper, we suggest a generalization by using generalized and quasi-arithmetic means. As a result, we will get the generalized ordered weighted averaging index of maximum and minimum level (GOWAIMAM) and the Quasi-OWAIMAAM operator. These new aggregation operators generalize a wide range of particular cases such as the generalized index of maximum and minimum level (GIMAM), the OWAIMAM, the ordered weighted quadratic averaging IMAM (OWQAIMAM), and others. We also develop an application of the new approach in a decision making problem about selection of products.generalized mean, index of maximum and minimum level, quasi-arithmetic mean, decision making, owa operator

ASSESSING CONSUMERS’ WILLINGNESS TO PAY FOR DIFFERENT UNITS OF ORGANIC MILK: EVIDENCE FROM MULTI-UNIT AUCTIONS

Replaced with revised version of paper 06/28/10Multi-unit Vickrey auctions, organic milk, information, Agribusiness, Consumer/Household Economics, Demand and Price Analysis, Marketing, Research Methods/ Statistical Methods, C91, D44,

Initial Endowment Effects in Multi-Unit Vickrey Auctions

We report the result of experiments designed to assess the effect of initial endowments on willingness to pay values elicited from multi-unit Vickrey auctions. Comparing bids from an “endow and upgrade” approach with the “full bidding” approach, we find that the direction of the endowment effect generally depends on the number of endowed units of the conventional product that subjects are willing to give up in exchange for units of the upgraded product. The endowment effect is “reverse” when the number of units that participants are willing to give up is lower or equal to the number of remaining endowed units. However, we generally find an endowment effect when the number of units a participant is willing to give up is higher than the number of remaining endowed units.Endowment effect, Number of units of the endowed product, Multi-unit Vickrey auctions., Agribusiness, Research Methods/ Statistical Methods, Teaching/Communication/Extension/Profession, C91, D12, D44,

On the Use of Multi-Unit Auctions in Measuring Consumers’ Willingness to Pay for Food Products

This paper proposes the use of multi-unit auctions in studying consumers’ willingness to pay (WTP) for food products in a multi-unit shopping scenario. We show how this method can overcome the limitations of single-unit experimental auctions in obtaining useful information related to WTP for not just the first unit but also subsequent units of a product, the demand curve, consumer surplus, the determinants of consumers’ WTP for each auctioned unit, and the effect of potential price discount strategies.Multi-unit auctions, Willingness to pay, demand curve, Consumer surplus, Price discounts., Agribusiness, Consumer/Household Economics, Marketing, Research Methods/ Statistical Methods, C91, D12, D44, M31,

Investment rigidity and policy measures

This paper assesses the impacts of decoupled government transfers on production decisions of a sample of Kansas farms observed from 1996 to 2001. Our model allows for risk, risk attitudes and the intertemporal investment decisions. We also allow for different adjustments of the decision variables depending on the predominant economic conditions. The theoretical model is estimated using the threshold regression methods proposed by Hansen (1999). Threshold effects are allowed to characterize the behavior of output supply and quasi-fixed and variable input demand.. The econometric results support the existence of three regimes characterized by different economic behavior. Our analysis suggests that in a dynamic setting with risk and non-risk neutral economic agents, decoupled transfers can have a powerful influence on decisions taken by economic agents. The dynamics of the stock of capital cause this influence to grow over time.Investment, Decoupling, Threshold Behaviour, Farm Management, Risk and Uncertainty,

Disentangling the Drivers of Obesity : An Analytical Framework Based on Socioeconomic and Intrapersonal Factors

The Supplementary Material for this article can be found online at: https://www.frontiersin.org/articles/10.3389/fnut.2021. 585318/full#supplementary-materialPeer reviewedPublisher PD

The induced generalized OWA operator

We present the induced generalized ordered weighted averaging (IGOWA) operator. It is a new aggregation operator that generalizes the OWA operator by using the main characteristics of two well known aggregation operators: the generalized OWA and the induced OWA operator. Then, this operator uses generalized means and order inducing variables in the reordering process. With this formulation, we get a wide range of aggregation operators that include all the particular cases of the IOWA and the GOWA operator, and a lot of other cases such as the induced ordered weighted geometric (IOWG) operator and the induced ordered weighted quadratic averaging (IOWQA) operator. We further generalize the IGOWA operator by using quasi-arithmetic means. The result is the Quasi-IOWA operator. Finally, we also develop a numerical example of the new approach in a financial decision making problem