American Journal of Agricultural Economics最新文献_第5页

Behavioral preferences and contract choice in the residential solar PV market 住宅太阳能光伏市场的行为偏好与合同选择

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-07-30 DOI: 10.1111/ajae.12487

Christine L. Crago, Rong Rong

{"title":"Behavioral preferences and contract choice in the residential solar PV market","authors":"Christine L. Crago, Rong Rong","doi":"10.1111/ajae.12487","DOIUrl":"https://doi.org/10.1111/ajae.12487","url":null,"abstract":"Greater adoption of renewable energy technologies by households is a key component of decarbonization and energy transition goals. Although existing literature has examined how sociodemographic characteristics, “green” preferences, and peer effects impact adoption of new energy technology, the role of behavioral preferences has not been adequately studied. In this paper, we examine the effect of two types of behavioral preferences, namely the degree of risk tolerance (risk preference) and attitude toward delayed reward (time preference) on the contract decision to lease or own a solar photovoltaic (PV) system. We develop a theoretical framework to show that the effect of risk and time preferences on the relative utilities from the two contracts is monotonic: Lower risk aversion and lower discount rate (more patience) imply a higher chance of solar PV ownership. To test these predictions empirically, we first estimate preference parameters (risk aversion and discount rate) from laboratory data collected from solar PV adopters. We then combine the parameter estimates with data on actual solar PV contract choice to examine the relationship between solar PV adopters' time and risk preferences and their lease-versus-own choice. Our regression results confirm that less risk averse individuals have a higher tendency to choose the ownership option, whereas more patient individuals are (weakly) more likely to own their solar PV systems. These findings contribute to a greater understanding of the role of behavioral factors in household decisions related to energy technologies.","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"107 1","pages":"27-53"},"PeriodicalIF":4.2,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142862366","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Mitigating greenhouse gas emissions from the cattle sector: Land-use regulation as an alternative to emissions pricing 减少畜牧业的温室气体排放：土地使用监管作为排放定价的替代方案

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-07-30 DOI: 10.1111/ajae.12485

Maxence Gérard, Stéphane De Cara, Guy Meunier

{"title":"Mitigating greenhouse gas emissions from the cattle sector: Land-use regulation as an alternative to emissions pricing","authors":"Maxence Gérard, Stéphane De Cara, Guy Meunier","doi":"10.1111/ajae.12485","DOIUrl":"https://doi.org/10.1111/ajae.12485","url":null,"abstract":"Reducing animal-based food production would not only reduce agricultural greenhouse gas emissions but also free land that could sequester carbon. We examine the efficiency of a subsidy to cattle farmers for setting aside land for natural ecosystem regeneration. We develop a partial equilibrium model of the cattle sector that integrates land use, greenhouse gas emissions, and animal feeding. We compare the subsidy to alternative policies: a meat tax and a standard on animal feeding. We identify the conditions under which the subsidy is the best alternative to these other second-best policies. The efficiency of the subsidy lies in its effects on both the extensive margin (reduced quantity of meat) and the intensive margin (production intensification, which reduces both the emission and land-use intensities of meat). An empirical application to France, where spontaneous regeneration corresponds mostly to forest regrowth, shows that the subsidy dominates the other alternative policies considered for a wide range of parameter values but is sensitive to carbon leakage when the economy is open to trade.","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"107 1","pages":"312-345"},"PeriodicalIF":4.2,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajae.12485","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142862367","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effectiveness of development-oriented nonreciprocal trade preferences in promoting agricultural trade 以发展为导向的非互惠性贸易优惠在促进农产品贸易方面的有效性

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-07-26 DOI: 10.1111/ajae.12486

William Ridley, Farzana Shirin

{"title":"The effectiveness of development-oriented nonreciprocal trade preferences in promoting agricultural trade","authors":"William Ridley, Farzana Shirin","doi":"10.1111/ajae.12486","DOIUrl":"https://doi.org/10.1111/ajae.12486","url":null,"abstract":"Nonreciprocal trade preference (NRTP) programs have proliferated in recent decades as a means to facilitate export-led growth for beneficiary countries. However, evidence on the efficacy of NRTPs in promoting agricultural exports from preference beneficiaries to preference donors has been mixed. We investigate the impacts of NRTPs on such trade in a structural gravity setting for 23 major agricultural commodities prominent in the export baskets of developing countries. Based on estimates from a commodity-level gravity model and the structural foundation of the gravity framework, we quantify the trade impacts of NRTP programs in a counterfactual simulation analysis. Our results show that NRTPs were responsible for around $833 million in elevated annual exports (a 1.7% increase) from NRTP beneficiary countries to donor countries as of 2018, and we document considerable heterogeneity in the countries and commodities that undergo the largest impacts. Our findings thus highlight the evolving role of trade policy as a facilitator of export-driven growth and suggest that NRTP programs are often limited in their capacity to promote agricultural trade.","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"107 1","pages":"81-107"},"PeriodicalIF":4.2,"publicationDate":"2024-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajae.12486","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142862111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Regulatory decentralization and food safety: evidence from China 监管权力下放与食品安全：来自中国的证据

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-07-15 DOI: 10.1111/ajae.12484

Wen Lin, Jiangyuan Liang

引用次数: 0

Change in farmer expectations from information surprises in the corn market 玉米市场信息意外导致的农民预期变化

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-07-03 DOI: 10.1111/ajae.12481

Chad Fiechter, Todd Kuethe, Michael Langemeier, James Mintert

{"title":"Change in farmer expectations from information surprises in the corn market","authors":"Chad Fiechter, Todd Kuethe, Michael Langemeier, James Mintert","doi":"10.1111/ajae.12481","DOIUrl":"10.1111/ajae.12481","url":null,"abstract":"Farmers make production decisions despite future output price uncertainty. As a result, farmers' expectation of future output price is an important determinant of investment and the supply of commodities. However, our understanding of the process by which farmers form their expectations is still limited. This study uses direct measures of farmers' financial condition expectations collected through the Purdue University–CME Group Ag Economy Barometer to measure the effect of surprise information on farmers' short- and long-term expectations. The effect is identified using an event study framework previously used to examine the impact of market information on commodity futures markets. Using ordered logistic regressions and variation between professional and United States Department of Agriculture forecasts of corn ending stocks, we demonstrate that farmers' short-term expectations of the financial condition of the broader agricultural economy is altered by surprise information. This study provides a novel step toward understanding the process by which farmers incorporate new information in their price expectations. For example, our findings suggest that farmers perceive short-term corn market information surprises will affect the U.S. agricultural sector to a greater degree than their farm. Additionally, farmers do not perceive that short-term corn market information surprises will carry long-term implications.","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"107 1","pages":"231-247"},"PeriodicalIF":4.2,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajae.12481","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141680620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Shaming, stringency, and shirking: Evidence from food-safety inspections 羞辱、严格和推诿：食品安全检查的证据

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-07-03 DOI: 10.1111/ajae.12480

John Bovay

引用次数: 0

Agricultural policy and crop location: Long-run output and spatial climate risk consequences 农业政策和作物区位：长期产出和空间气候风险后果

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-06-30 DOI: 10.1111/ajae.12482

Jan C. Greyling, Phillip G. Pardey, Senait Senay

{"title":"Agricultural policy and crop location: Long-run output and spatial climate risk consequences","authors":"Jan C. Greyling, Phillip G. Pardey, Senait Senay","doi":"10.1111/ajae.12482","DOIUrl":"https://doi.org/10.1111/ajae.12482","url":null,"abstract":"Choices by farmers—notably what crop to grow, where—are not only influenced by spatially sensitive environmental attributes but also economic factors that respond to changes in government policies. In South Africa, the policy stance toward agriculture swung toward an extended period of support spanning the middle of the 20th century. Subsequently, the agricultural support policies were eliminated in the post-Apartheid period beginning in the 1990s. Using a purpose-built, spatially explicit data set for South African agriculture spanning the period 1918–2015, we show these structural shifts in agricultural policy regimes concord with major shifts in national corn price trends and variability, and the area planted to corn (accounting for half the country's cropped area). More subtly, and much less studied, we reveal that these switching policy regimes also aligned with changes in the location of crop production, with pronounced consequences for crop output and climate risk. At its peak, policy-aligned crop movement in South Africa reduced corn output by between 7.9% and 15.3%, and placed production in areas with reduced and riskier rainfall patterns. Upon removal of the policy distortions, the decline in total corn area continued, and the crop largely reverted to its predistorted, less climate-risky geographical locations. The geographical sensitivities of the agricultural policy–production–climate risk nexus we reveal suggest these locational aspects deserve more concerted analytical and policy design attention, especially in light of the longer run, spatially sensitive production and food security risk implications of the changing climate realities facing agriculture the world over.","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"107 1","pages":"181-207"},"PeriodicalIF":4.2,"publicationDate":"2024-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142862361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Effects of increasing risk in common resource exploitation under cost asymmetry 成本不对称下公共资源开采风险增加效应

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-06-26 DOI: 10.1111/ajae.12483

Bruno Nkuiya

{"title":"Effects of increasing risk in common resource exploitation under cost asymmetry","authors":"Bruno Nkuiya","doi":"10.1111/ajae.12483","DOIUrl":"https://doi.org/10.1111/ajae.12483","url":null,"abstract":"In their in situ habitat, renewable resource populations are subject to stochastic growth caused by environmental variability such as fluctuations in upwelling conditions or temperature. In this paper, we examine the effects of this type of uncertainty on the noncooperative harvest decisions made by harvesters exploiting a common-pool renewable resource. To do this, we extend the related literature on dynamic resource extraction games based on Markov strategies to allow for asymmetric extraction costs and general economic, biological, and environmental conditions. We find equilibrium behaviors that can reverse conventional wisdom. For example, in response to increasing risk caused by anticipated higher variability in biological growth, a harvester may choose to enhance conservation efforts, whereas another harvester diminishes his escapement. Increasing risk can lead to conflicts as it may increase a harvester's payoff while causing a loss to another harvester. In response to an increase in the discount rate, we find that strategic interactions can give rise to greater conservation efforts. Overall, this paper highlights the importance of adequately accounting for uncertainty and strategic behaviors in renewable resource management.","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"107 1","pages":"108-124"},"PeriodicalIF":4.2,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142862274","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Water, dust, and environmental justice: The case of agricultural water diversions 水、灰尘和环境正义：以农业调水为例

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-05-29 DOI: 10.1111/ajae.12472

Ryan Abman, Eric C. Edwards, Danae Hernandez-Cortes

{"title":"Water, dust, and environmental justice: The case of agricultural water diversions","authors":"Ryan Abman, Eric C. Edwards, Danae Hernandez-Cortes","doi":"10.1111/ajae.12472","DOIUrl":"https://doi.org/10.1111/ajae.12472","url":null,"abstract":"Water diversions for agriculture reduce ecosystem services provided by saline lakes around the world. Exposed lakebed surfaces are major sources of dust emissions that may exacerbate existing environmental inequities. This paper studies the effects of water diversions and their impacts on particulate pollution arising from reduced inflows to the Salton Sea in California via a spatially explicit particle transport model and changing lakebed exposure. We demonstrate that lakebed dust emissions increased ambient <math>\u0000 <mrow>\u0000 <msub>\u0000 <mi>PM</mi>\u0000 <mn>10</mn>\u0000 </msub>\u0000 </mrow></math> and <math>\u0000 <mrow>\u0000 <msub>\u0000 <mi>PM</mi>\u0000 <mn>2.5</mn>\u0000 </msub>\u0000 </mrow></math> concentrations and worsened environmental inequalities, with historically disadvantaged communities receiving a disproportionate increase in pollution. Water diversion decisions are often determined by political processes; our findings demonstrate the need for distributional analysis of such decisions to ensure equitable compensation.","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"107 4","pages":"1041-1058"},"PeriodicalIF":4.2,"publicationDate":"2024-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajae.12472","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144525137","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Is liquidity provision informative? Evidence from agricultural futures markets 流动资金供应是否提供信息？来自农产品期货市场的证据

IF 4.2 2区经济学

American Journal of Agricultural Economics Pub Date : 2024-05-26 DOI: 10.1111/ajae.12479

Richie R. Ma, Teresa Serra

引用次数: 0