Recent 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...
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IATRC Panel on Brexit, Scottsdale, AZ
Presented at The Ohio State University's 2016-2017 Agricultural Policy and Outlook Conference Series Dean's Preview Meeting on December 1, 2016.
Our Author(s):
Presented at The Ohio State University's 2016-2017 Agricultural Policy and Outlook Conference Series Dean's Preview Meeting on December 1, 2016.
Our Author(s):
Presented at The Ohio State University's 2016-2017 Agricultural Policy and Outlook Conference Series Dean's Preview Meeting on December 1, 2016.
Our Author(s):
Presentation at Dean's Outlook Preview Meeting, Ohio State University, Columbus, OH
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Presentation at Economic Outlook Conference, 2017, Ohio Wesleyan University, Delaware, OH
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Seminar presentation, Colorado State University, Fort Collins, CO
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Presentation at panel on Key Presidential Election Issue, Ohio State University, Columbus, OH
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...

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