About Us: Publications

Our Author(s):
Journal of Agricultural and Applied Economics, DOI: 10.1017/aae.2016.29. This paper reviews the extant literature on competitiveness of agricultural product and input markets. While researchers in the US and Europe have tended to emphasize different stages of the agricultural and food-marketing system, their focus is the same conceptually: the extent of buyer power, although both have largely ignored the sector supplying inputs to agriculture. The key conclusion to be drawn is that there is little robust empirical evidence for food processing firms exerting buyer power, and that there is a...
Our Author(s):
In stark contrast to financial markets, relatively little attention has been given to modeling agricultural commodity price volatility. In recent years, numerous methodologies with various strengths have been proposed for modeling price volatility in financial markets. We propose using a mixture of normals with unique GARCH processes in each component for modeling agricultural commodity prices. While a normal mixture model is quite flexible and allows for time varying skewness and kurtosis, its biggest strength is that each component can be viewed as a different market regime and thus...
Our Author(s):
Applied Economic Perspectives and Policy, DOI: 10.1093/aepp/ppw019. In this paper, the impact of border measures for climate policy on carbon leakage, and competitiveness of US aluminum producers is analyzed. An appropriate border measure is shown to depend on competition in aluminum production, as well as the basis for assessing trade neutrality of a border measure. If neutrality is based on market volume, carbon leakage is prevented, but competitiveness cannot be maintained. If neutrality is based on market share, competitiveness can be maintained and there is negative carbon leakage. In...
Small businesses and entrepreneurs have long been recognized for the important role they play in our economy. As recently as the first quarter of 2015, small businesses with fewer than 50 employees accounted for more than a quarter of total employment in Ohio, while nearly one in ten jobs were in businesses five years old and younger. Yet, even more important than the total job numbers, small businesses and entrepreneurs play a critical role in the dynamic evolution of the economy through job creation and job destruction. Simply, small business and new business development is a lot like a...
International Regional Science Review, DOI: 10.1177/0160017616642822. Analysis of Taiwanese firms' total factor productivity distribution shows that, depending on location choice, the impact of agglomeration and selection is heterogeneous across firm types. Spatial analysis is applied to evaluate the regional innovation policy of establishing science parks. A sectoral analysis of productivity distributions reveals that there is a positive relationship between technology-intensity of the production process and firm-productivity levels when firms are located in science parks.
Our Author(s):
A large number of Ohio farmers hire machinery operations and other farm related work to be completed by others. This is often due to lack of proper equipment, lack of time or lack of expertise for a particular operation. Many farm business owners do not own equipment for every possible job that they may encounter in the course of operating a farm and may, instead of purchasing the equipment needed, seek out someone with the proper tools necessary to complete the job. This farm work completed by others is often referred to as “custom farm work” or more simply “custom work”. A “custom rate” is...
Our Author(s):
This paper provides a review and synthesis of geo-economic models that are used to analyze coastal erosion management and shoreline change. We outline a generic framework for analyzing risk-mitigating and/or recreation-enhancing policy interventions within a dynamic framework, and we review literature that informs the nature and extent of net benefit flows associated with coastal management. Using stated preference analysis, we present new estimates on household preferences for shoreline erosion management, including costs associated with ecological impacts of management. Lastly, we offer...
Growing concerns over climate change and the potential for large damages due to non-linear processes underscore the need for meaningful sustainability assessment of an economy. Economists have developed rigorous approaches to conceptualizing sustainability based on the paradigm of weak sustainability, which relies on extensive substitution among reproducible capital, renewable resources and exhaustible natural resources. In contrast, strong sustainability emphasizes physical limits to this substitution and the importance of maintaining the resilience of normally functioning biophysical...
Unconventional shale gas activity has presented both challenges and opportunities for conservation. The unique nature of horizontal drilling used in shale exploration allows for a reduction in the footprint of shale-related activity in the landscape. However, existing policies regulating shale activity across the Northeast, particularly in Pennsylvania, largely miss an opportunity to encourage such consolidation, which would result in substantial ecosystem conservation. Using satellite land cover data for the years 2006 and 2011 combined with data on shale drilling activity in Pennsylvania,...
Our Author(s):
Coastal climate adaptation unites approaches within environmental and resource economics and other disciplines. Sea-level rise, ocean warming and acidification, and increased storminess are press and pulse disturbances that threaten to alter or intensify bio-physical coastal changes. Communities respond in ways that neither maximize total economic value nor apply the appropriate spatial scale of response. We synthesize multiple strains of modeling and empirical work that inform coastal adaptation, focusing on coastline change. North Carolina illustrates broad themes of coastal adaptation,...

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