13 research outputs found

    THE VALUE OF THE GULF OF MEXICO RECREATIONAL RED SNAPPER FISHERY

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    This study estimates the value of recreational red snapper fishing in the Gulf of Mexico. Additionally, the study shows how to decompose the estimated red snapper recreation demand function into changes: (i) due to recreationists who were not taking recreational red snapper fishing trips but were induced to take a trip in response to changes in catch rates and (ii) due to recreationists already taking trips and responding to changes in catch rates. The decomposition allows us to also decompose the estimated elasticities and consumer surplus. The results indicate that an improvement in expected fishing quality will increase consumer surplus and that most of the increase is contributed by recreationists who initially do not take recreational red snapper fishing trips, but later take a positive number of trips. This finding has important policy implications for managing the red snapper fishery in the Gulf of Mexico.Resource /Energy Economics and Policy,

    ISO 9000 -- A MARKETING TOOL FOR U.S. AGRIBUSINESS

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    The relevance of the ISO 9000 series of quality management systems (QMS) for U.S. agribusiness is analyzed. Certified firms from several industries were surveyed to determine their before (ex ante) and after (ex post) perspectives of the QMS. Results for the agribusiness subsample are compared to those for firms from other industries to determine if they behave differently. Anticipated marketing advantages (increasing market share and providing access to new markets) of the QMS were critical factors that encouraged the pursuit of the certificate. The average cost to attain certification was 101.400andtomaintaincertificationwasanadditional101.400 and to maintain certification was an additional 26,500 per year.Agribusiness, Marketing,

    Joint Estimation of Revealed and Stated Preference Data: An Application to Recreational Red Snapper Valuation

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    This study extends the joint estimation of revealed and stated preference data literature by accounting for truncation in the revealed preference data. The analytical model and estimation procedure are used to estimate the value of recreational red snapper fishing in the Gulf of Mexico. This recreational red snapper valuation is decomposed into its direct and indirect components. As expected, the value of recreational red snapper fishing using the joint revealed-stated preference model proposed in this analysis is bracketed on the upper limit by the value obtained using the contingent valuation method and on the lower limit by the travel cost method. The results also indicate that the joint model improves the precision of estimated recreational red snapper valuation.Resource /Energy Economics and Policy,

    REGIONAL IMPACT OF URBAN WATER USE ON IRRIGATED AGRICULTURE

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    Linear programming and regional input-output models were applied to estimate the impacts of increased pumping costs for irrigated agriculture due to groundwater depletion principally caused by the expanding urban area of San Antonio, Texas. A biophysical simulator was use to estimate linear programming coefficients of crop yield by irrigation level and timing. The results indicated significant local (county) economic impacts from groundwater mining but insignificant regional impacts. A major improvement on irrigation efficiency would be required to offset the increased pumping costs and reduce water availability associated with increased lifts due to urban expansion.Resource /Energy Economics and Policy,

    Estimating a System of Recreation Demand Functions Using a Seemingly Unrelated Poisson Regression Approach.

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    In this article, a seemingly unrelated Poisson regression model is presented as an alternative to using Zellner's seemingly unrelated regression model for estimating a system of recreation demand functions. The seemingly unrelated Poisson regression model provides estimates that are asymptotically more efficient than equation-by-equation Poisson estimates and circumvents the bias and inconsistency problems that result when using A. Zellner's seemingly unrelated regression model. Additionally, the seemingly unrelated Poisson regression model is applied to an empirical problem dealing with the value of recreational boating and the findings indicate that the seemingly unrelated regression model consumer surplus estimates are substantially different from those of the seemingly unrelated Poisson regression model. Copyright 1994 by MIT Press.

    The U.S.-Mexico Free Trade Agreement: Economic Impacts on the Border Region

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    This paper summarizes the major expected economic impacts of a free trade agreement (FT A) with Mexico on various sectors of the economy of border areas including agriculture, retailing, the maquiladora industry, and capital investment. Estimates of impacts in terms of goods and services trade, capital investment, and employment are presented for border areas. Projections of Texas exports, Gross State Product, and employment impacts are presented for the next decade. Overall, freer trade between Mexico and the United States are likely be of economic benefit to both countries. Benefits to the Texas economy are projected to be significant

    Joint Estimation of Revealed and Stated Preference Data: An Application to Recreational Red Snapper Valuation

    No full text
    This study extends the joint estimation of revealed and stated preference data literature by accounting for truncation in the revealed preference data. The analytical model and estimation procedure are used to estimate the value of recreational red snapper fishing in the Gulf of Mexico. This recreational red snapper valuation is decomposed into its direct and indirect components. As expected, the value of recreational red snapper fishing using the joint revealed-stated preference model proposed in this analysis is bracketed on the upper limit by the value obtained using the contingent valuation method and on the lower limit by the travel cost method. The results also indicate that the joint model improves the precision of estimated recreational red snapper valuation

    ISO 9000 -- A MARKETING TOOL FOR U.S. AGRIBUSINESS

    No full text
    The relevance of the ISO 9000 series of quality management systems (QMS) for U.S. agribusiness is analyzed. Certified firms from several industries were surveyed to determine their before (ex ante) and after (ex post) perspectives of the QMS. Results for the agribusiness subsample are compared to those for firms from other industries to determine if they behave differently. Anticipated marketing advantages (increasing market share and providing access to new markets) of the QMS were critical factors that encouraged the pursuit of the certificate. The average cost to attain certification was 101.400andtomaintaincertificationwasanadditional101.400 and to maintain certification was an additional 26,500 per year
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