The Experts below are selected from a list of 312 Experts worldwide ranked by ideXlab platform

Murat Isik - One of the best experts on this subject based on the ideXlab platform.

  • Sequential Investment in Site-Specific Crop Management Under Output Price Uncertainty: Implications for Nitrogen Pollution Control
    2020
    Co-Authors: Murat Isik, Madhu Khanna, Alex Winter-nelson
    Abstract:

    This paper develops an option value model to examine the extent to which Output Price uncertainty creates incentives to adopt two interrelated components of site-specific technologies sequentially. It analyzes how the impact of uncertainty on the sequential adoption decision differs across heterogeneous soil conditions, and examines the implications of adoption for nitrogen pollution generation and for the design of a cost-share subsidy policy.

  • resource management under production and Output Price uncertainty implications for environmental policy
    American Journal of Agricultural Economics, 2002
    Co-Authors: Murat Isik
    Abstract:

    Various environmental policies have been proposed to control agricultural runoff of nutrients and pesticides. The impacts of these policies on input use are complicated because of the various sources of uncertainty farmers face and the precise nature of farmers' risk attitude. A risk-averse farmer's response to changed profit, input, and Output taxes under Output Price and production uncertainty is examined. The impact of these policies on input use depends on the form of production uncertainty, risk-input relationships, risk attitudes, and degrees of Output Price and production uncertainty. These results have implications for the design and implementation of environmental and other production-related policies. Copyright 2002, Oxford University Press.

  • sequential investment in site specific crop management under Output Price uncertainty
    Journal of Agricultural and Resource Economics, 2001
    Co-Authors: Murat Isik, Madhu Khanna, Alex Winternelson
    Abstract:

    An option-value model is developed to analyze the impacts of Output Price uncertainty, high sunk costs of adoption, and site-specific conditions on the optimal timing of adoption of two interrelated site-specific technologies, soil testing and variable rate technology (VRT). The model incorporates the potential for adopting these two technologies jointly or sequentially. The implications of the pattern of adoption for nitrogen pollution and for the design of a cost-share subsidy policy to accelerate the adoption of these technologies to reduce nitrogen pollution are also analyzed. Ignoring the potential for sequential adoption would tend to underpredict the adoption so soil testing and overpredict the adoption of VRT. Cost-share subsidies to induce accelerated adoption of VRT would be most effective at reducing nitrogen pollution if targeted toward fields with relatively high spatial variability in soil quality or soil fertility, and either low average soil quality or low average soil fertility.

Felipe L Aguerrevere - One of the best experts on this subject based on the ideXlab platform.

  • equilibrium investment strategies and Output Price behavior a real options approach
    Review of Financial Studies, 2003
    Co-Authors: Felipe L Aguerrevere
    Abstract:

    The effects of competitive interactions on investment decisions and on the dynamics of the Price of a nonstorable commodity are studied in a model of incremental investment with time to build and operating flexibility. I find that an increase in uncertainty may encourage firms to increase their capacity. Furthermore, I show that it may be optimal to invest in additional capacity during periods in which part of the operational capacity is not being utilized. The impact of competition on the properties of the endogenous Output Price is dramatic. For example, I find that Price volatility may be increasing in the number of competitors in the industry. Copyright 2003, Oxford University Press.

Peter Batey - One of the best experts on this subject based on the ideXlab platform.

  • the development and empirical testing of extended input Output Price models
    Economic Systems Research, 2003
    Co-Authors: Fatemeh Bazzazan, Peter Batey
    Abstract:

    The focus in this paper is on the input-Output Price model as initially developed by Leontief nearly 60 years ago. A number of methodological refinements are proposed, including the formulation, for the first time, of an extended Price model, with a disaggregated household sector. This model is presented in both static and dynamic versions. The effects of these refinements are investigated empirically by reference to an example of policy analysis. This relates to a hypothetical proposal to remove energy subsidies at the national level in Iran. The paper reports on the different results produced by each form of Price model and also provides evidence on the sensitivity of individual parameter values. The paper concludes by considering the feasibility of constructing more comprehensive versions of the Price model and identifying those elements of the model for which data are likely to be more difficult to obtain at national and regional levels.

Song Ruili - One of the best experts on this subject based on the ideXlab platform.

  • power Price adjustment and inflation an empirical study based on input Output Price model
    Chinese Review of Financial Studies, 2011
    Co-Authors: Song Ruili
    Abstract:

    China is confronted with great inflationary pressure in 2011,with its annual consumer Price index(CPI) nearly exceeding 5%.To relieve this pressure,the government did not make rational adjustment to the power Price,which further aggravated the power supply in this year.This paper supposes that the lack of reasonable power Price adjustment by the government to alleviate inflation pressure may account for this shortage.Thereby,we make use of I-O Price model to estimate the correlation between the power Price and general Price level.The conclusion shows that 10% increase of power Price would push up CPI by 0.244%-0.762%.Thus we assume that small-scale increase of power Price will not deteriorate the current inflation situation.Moreover,we also study on the correlation between the coal Price and the power Price,and suggest that the optimal adjustment of power Price ranges from 1.05% to 1.8% in response to 10% increase of coal Price.

David W. K. Yeung - One of the best experts on this subject based on the ideXlab platform.