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Input Used (input + used)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	75%

Selected Abstracts

Incomplete Adoption of a Superior Innovation

ECONOMICA, Issue 268 2000
Harvey E. Lapan
We consider a model in which an innovating monopolist of a technologically superior intermediate input must sell this product to final output producers. Prior research shows that, with complete information, the monopolist's optimal strategy will lead to complete adoption of this technologically superior innovation. In this article we show that, when the price of some competitively supplied input used in the final product market is endogenous and is altered by adoption of the innovation, then the optimal pricing strategy of the monopolist may lead to incomplete innovation. Thus, the standard result of complete adoption of the superior technology is partly attributable to the partial equilibrium nature of prior models. [source]

The impact of the 1999 CAP reforms on the efficiency of the COP sector in Spain

AGRICULTURAL ECONOMICS, Issue 3 2009
Fatima Lambarraa
Agenda 2000; Distance function; Efficiency; Spanish COP sector Abstract The cereal, oilseeds, and protein crop sector (COP) occupies a prominent position within the European Union's agricultural sector. Within Spain, the COP sector accounts for almost a third of total Agricultural Guidance and Guarantee Fund expenses, and half of the utilized agricultural area (UAA). The COP sector is not only relevant because of its physical and economic magnitude, but also because of the political attention it receives. The Common Agricultural Policy (CAP) reforms that occurred during the 1990s paid special attention to this sector. This article aims to determine the impacts of Agenda 2000 on a sample of Spanish COP farmers' production decisions by using an output-oriented stochastic distance function. The distance function allows for an assessment of the reform-motivated changes on total output, input used, input composition, and crop mix. It also permits an assessment of the impacts of the reform on farms' technical efficiency. Results show that the reform has shifted the production frontier inward and changed output composition in favor of voluntary set-aside land. With respect to input composition, Agenda 2000 induced a decrease in land, fertilizers, pesticides, and other inputs in favor of labor. In addition, Agenda 2000 has had a negative impact on technical efficiency. [source]

Simulating pan-Arctic runoff with a macro-scale terrestrial water balance model

HYDROLOGICAL PROCESSES, Issue 13 2003
Michael A. Rawlins
Abstract A terrestrial hydrological model, developed to simulate the high-latitude water cycle, is described, along with comparisons with observed data across the pan-Arctic drainage basin. Gridded fields of plant rooting depth, soil characteristics (texture, organic content), vegetation, and daily time series of precipitation and air temperature provide the primary inputs used to derive simulated runoff at a grid resolution of 25 km across the pan-Arctic. The pan-Arctic water balance model (P/WBM) includes a simple scheme for simulating daily changes in soil frozen and liquid water amounts, with the thaw,freeze model (TFM) driven by air temperature, modelled soil moisture content, and physiographic data. Climate time series (precipitation and air temperature) are from the National Centers for Environmental Prediction (NCEP) reanalysis project for the period 1980,2001. P/WBM-generated maximum summer active-layer thickness estimates differ from a set of observed data by an average of 12 cm at 27 sites in Alaska, with many of the differences within the variability (1,) seen in field samples. Simulated long-term annual runoffs are in the range 100 to 400 mm year,1. The highest runoffs are found across northeastern Canada, southern Alaska, and Norway, and lower estimates are noted along the highest latitudes of the terrestrial Arctic in North America and Asia. Good agreement exists between simulated and observed long-term seasonal (winter, spring, summer,fall) runoff to the ten Arctic sea basins (r = 0·84). Model water budgets are most sensitive to changes in precipitation and air temperature, whereas less affect is noted when other model parameters are altered. Increasing daily precipitation by 25% amplifies annual runoff by 50 to 80% for the largest Arctic drainage basins. Ignoring soil ice by eliminating the TFM sub-model leads to runoffs that are 7 to 27% lower than the control run. The results of these model sensitivity experiments, along with other uncertainties in both observed validation data and model inputs, emphasize the need to develop improved spatial data sets of key geophysical quantities (particularly climate time series) to estimate terrestrial Arctic hydrological budgets better. Copyright © 2003 John Wiley & Sons, Ltd. [source]

Measuring technical efficiency in the stochastic varying coefficient frontier model

AGRICULTURAL ECONOMICS, Issue 4 2009
Giannis Karagiannis
Stochastic varying coefficient frontier model; Technical efficiency; Nonneutral frontier models; Olive-farms Abstract Due to the assumption that the best practice methods refer to each input separately instead of the whole set of inputs used by a firm, the benchmark technology as defined in the stochastic varying coefficient frontier model may be infeasible and theoretically improper whenever the maximum response coefficients are not coming from the same production unit. To overcome this problem, we propose alternative measures of output-oriented and single-factor technical efficiencies inspired from the maximum likelihood formulation of the nonneutral frontier model. The empirical results indicate that there are significant differences between the two in terms of the estimated efficiency scores but not significant differences we detected in terms of the efficiency ranking. [source]