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Units of measurement and the stone index in demand system estimation

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G Moschini - American Journal of Agricultural Economics, 1995 - ajae.oxfordjournals.org
Abstract The Stone index typically used in estimating linear almost ideal demand systems is
not invariant to changes in units of measurement, which may seriously affect the
approximation properties of the model. A modification to the Stone index, or use of a ...
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Intellectual property rights and the welfare effects of agricultural R&D

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G Moschini… - American Journal of Agricultural …, 1997 - ajae.oxfordjournals.org
Abstract We review intellectual property rights in agriculture and outline a modeling
framework that accounts for relevant institutional features of agricultural R&D. The analysis
emphasizes vertical market linkages whereby agricultural innovations adopted by farmers ...
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Modeling the pattern of structural change in US meat demand

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G Moschini… - American journal of agricultural …, 1989 - ajae.oxfordjournals.org
Abstract The hypothesis of structural change in US meat demand is tested in a four-meat
almost ideal demand system with parameters following a gradual switching regression
model. The results support the notion that structural change partly explains the observed ...
Cited by 209 - Related articles - All 10 versions

Uncertainty, risk aversion, and risk management for agricultural producers

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G Moschini… - Handbook of agricultural economics, 2001 - Elsevier
Abstract Uncertainty and risk are quintessential features of agricultural production. After a
brief overview of the main sources of agricultural risk, we provide an exposition of expected
utility theory and of the notion of risk aversion. This is followed by a basic analysis of ...
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Maintaining and testing separability in demand systems

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G Moschini, D Moro… - American Journal of …, 1994 - ajae.oxfordjournals.org
Abstract We derive a general elasticity representation of the necessary and sufficient
conditions for direct weak separability of the utility function. Parametric restrictions required
to implement the separability conditions are presented for three common demand systems ...
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The hedging role of options and futures under joint price, basis, and production risk

G Moschini… - International Economic Review, 1995 - JSTOR
This paper analyzes the optimal production and hedging decisions for firms facing futures
price, basis and production risk, assuming futures and options can be used. Using CARA
(constant absolute risk aversion) utility and normal distributions, we derive an exact ...
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The semiflexible almost ideal demand system

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G Moschini - European Economic Review, 1998 - Elsevier
The concept of a semiflexible functional form is applied to the Almost Ideal (AI) demand
system. This yields a demand model that is more parsimonious than standard ones while
preserving a degree of flexibility, that satisfies the curvature property of concavity of the ...
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Futures hedging under price, basis, and production risk

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H Lapan… - American Journal of Agricultural …, 1994 - ajae.oxfordjournals.org
Abstract We consider the hedging problem of a firm that has three sources of risk: price,
basis, and yield uncertainty. An exact solution for the optimal futures hedge is derived under
the assumption that the three random variables are jointly normally distributed and that ...
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Production, hedging, and speculative decisions with options and futures markets

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H Lapan, G Moschini… - American Journal of …, 1991 - ajae.oxfordjournals.org
Abstract This paper analyzes production, hedging, and speculative decisions when both
futures and options can be used in an expected utility model of price and basis uncertainty.
When futures and option prices are unbiased, optimal hedging requires only futures ( ...
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Innovation and trade with endogenous market failure: The case of genetically modified products

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HE Lapan, GC Moschini - American Journal of Agricultural …, 2004 - ajae.oxfordjournals.org
Abstract A partial-equilibrium, two-country model is developed to analyze implications from
the introduction of genetically modified (GM) products. In the model, innovators hold
proprietary rights, farmers are (competitive) adopters, some consumers deem GM food to ...
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A model of production with supply management for the Canadian agricultural sector

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G Moschini - American Journal of Agricultural Economics, 1988 - ajae.oxfordjournals.org
Abstract The production structure of the Canadian agricultural sector is modeled by an
output-constrained multiproduct profit function to account for the existence of supply
management policies. The le Chatelier effects of supply constraints are illustrated, and the ...
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Hedging price risk with options and futures for the competitive firm with production flexibility

G Moschini… - International Economic Review, 1992 - JSTOR
When some input decisions can be made after price is realized, separation between
production and hedging decisions still holds only under limited circumstances. Under the
assumption of a restricted profit function that is quadratic in price, the optimal futures ...
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Geographical indications and the competitive provision of quality in agricultural markets

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GC Moschini, L Menapace… - American Journal of …, 2008 - ajae.oxfordjournals.org
Abstract The economics of geographical indications (GIs) is assessed within a vertical
product differentiation framework that is consistent with the competitive structure of
agriculture. It is assumed that certification costs are needed for GIs to serve as (collective) ...
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Parameter stability and the US demand for beef

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G Moschini… - Western Journal of Agricultural Economics, 1984 - JSTOR
The main objective of this paper is to test the hypothesis that consumer preferences for beef
in the United States have been affected by structural change, which reduces to testing for
parameter stability in estimated demand equations. To this end, alternative specifications ...
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Genetically modified crops and product differentiation: Trade and welfare effects in the soybean complex

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A Sobolevsky, GC Moschini… - American Journal of …, 2005 - ajae.oxfordjournals.org
Abstract A partial equilibrium four-region world trade model for the soybean complex is
developed in which Roundup Ready (RR) products are weakly inferior substitutes to
conventional ones, RR seeds are priced at a premium, and costly segregation is ...
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The economics of patents

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C Langinier, GC Moschini… - … property rights in animal …, 2002 - books.google.com
Patents are perhaps the most important legal instruments for protecting intellectual property
rights (IPRs). A patent confers to an inventor the sole right to exclude others from
economically exploiting the innovation for a limited time (20 years from the date of filing). ...
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Efficiency of decoupled farm programs under distortionary taxation

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G Moschini… - American Journal of Agricultural …, 1994 - ajae.oxfordjournals.org
Abstract When lump-sum taxation is not feasible, decoupled transfers to farmers (which
require raising government revenue) will entail welfare loss somewhere in the economy.
Assuming the government's objective is to assure a given welfare level for farmers, we ...
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A linear inverse demand system

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G Moschini… - Journal of Agricultural and Resource Economics, 1992 - JSTOR
We present an inverse demand system that can be estimated in a linear form. The model is
derived from a specification of the distance function which is parametrically similar to the
cost function underlying the Almost Ideal Demand System. Simulation results suggest that ...
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Testing for constant hedge ratios in commodity markets: a multivariate GARCH approach

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GC Moschini… - Journal of Empirical Finance, 2002 - Elsevier
We develop a new multivariate generalized ARCH (GARCH) parameterization suitable for
testing the hypothesis that the optimal futures hedge ratio is constant over time, given that
the joint distribution of cash and futures prices is characterized by autoregressive ...
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The cost structure of Ontario dairy farms: a microeconometric analysis

G Moschini - … of Agricultural Economics/Revue canadienne d' …, 1988 - Wiley Online Library
The cost structure of Ontario dairy farms is studied through a multiproduct hybrid-translog
cost function, extended to include farm-specific structural characteristics and estimated using
farm-level data. The regularity conditions of monotonicity in output quantities and input ...
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Imposing local curvature conditions in flexible demand systems

G Moschini - Journal of Business & Economic Statistics, 1999 - JSTOR
By reparameterizing the basic translog and the log translog demand systems and exploiting
the fact that the Slutsky matrix must be negative semidefinite but cannot be negative definite,
it is shown that a recently proposed simple procedure to maintain locally the curvature ...
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Production risk and the estimation of ex-ante cost functions

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GC Moschini - Journal of Econometrics, 2001 - Elsevier
Cost function estimation under production uncertainty is problematic because the relevant
cost is conditional on unobservable expected output. If input demand functions are also
stochastic, then a nonlinear errors-in-variables model is obtained and standard estimation ...
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Flexible specification of mixed demand systems

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G Moschini… - American Journal of Agricultural …, 1993 - ajae.oxfordjournals.org
Abstract Common flexible functional forms are not very useful for modeling mixed demand
systems because derivation of mixed demands requires closed forms for both direct and
indirect utility functions. In this paper we study the alternative of using a direct ...
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Economic issues in tariffication: an overview

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G Moschini - Agricultural Economics, 1991 - Elsevier
Abstract The agricultural trade liberalization proposal known as 'tariffication'aims at
converting all existing non-tariff barriers (NTBs) to trade into bound tariffs, and to reduce
these tariffs over time. This is in tune with the original philosophy of the General ...
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Incomplete adoption of a superior innovation

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HE Lapan… - Economica, 2000 - Wiley Online Library
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 ...
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19. Intellectual Property Rights and the World Trade Organization: Retrospect and Prospects

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GC Moschini - Agricultural policy reform and the WTO: where are …, 2004 - books.google.com
The plight of the gifted and rich (and sometimes famous) usually fails to elicit much
sympathy. But perhaps what is easily overlooked is that success is hard to win, and often
harder to retain. This is very much the case for the products of human inventiveness and ...
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Structural change and demand analysis: a cursory review

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GC Moschini, D Moro - European Review of Agricultural …, 1996 - Oxford Univ Press
Abstract We address the issue of structural change in demand analysis. After a brief
discussion of the major problems and questions that arise in this context, the main body of
the paper is devoted to a review of analytical methods that are relevant to investigating ...
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Biotech--Who Wins? Economic Benefits and Costs of Biotechnology Innovations in Agriculture

GC Moschini - Estey Centre Journal of International Law and Trade …, 2001 - ideas.repec.org
The conceptual model necessary for an assessment of biotechnology's economic benefits
and costs is outlined, emphasizing the need to account for the proprietary nature of
biotechnology innovations. The model is illustrated with an application to Roundup Ready ...
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Alternative measures of risk in commodity supply models: An analysis of sow farrowing decisions in the United States

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MT Holt… - Journal of Agricultural and Resource Economics, 1992 - JSTOR
The role of price risk in sow farrowings is investigated by using bivariate ARCH-M and
GARCH-M models and a nonparametric kernel estimator. To account for the relevant time
horizon of irreversible supply decisions, predictions for mean price and conditional price ...
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Tariffication with Supply Management: The Case of the US‐Canada Chicken Trade

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G Moschini… - Canadian Journal of Agricultural …, 1991 - Wiley Online Library
Cet article a pour but d'analyser I'impact de la conversion des quotas d'importations en tarifs
lorsque le march6 interne du pays qui impose le quota n'est pas parfaitement compCtitif. Ce
scenario, qui risk bien fort de se rCaliser, est discutC dans les nCgotiations au GATT. Le ...
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Normal inputs and joint production with allocatable fixed factors

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G Moschini - American journal of agricultural economics, 1989 - ajae.oxfordjournals.org
Abstract When jointness is caused by allocatable fixed factors, in the normal case the
marginal cost of any output increases as any other output increases, the supply of any output
decreases as any other output price increases, and an input price increase may cause the ...
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On the Segregation of Genetically Modified, Conventional and Organic Products in European Agriculture: A Multi‐market Equilibrium Analysis

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GC Moschini, H Bulut… - Journal of Agricultural …, 2005 - Wiley Online Library
1. GianCarlo Moschini is a professor of economics and Pioneer endowed chair in science
and technology policy, Harun Bulut is a post-doctoral fellow, and Luigi Cembalo was a
visiting scientist, all with the Department of Economics, Iowa State University, Ames, IA ...
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US universities' net returns from patenting and licensing: A quantile regression analysis

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H Bulut, GC Moschini - Economics of Innovation and New …, 2009 - Taylor & Francis
Consistent with the rights and incentives provided by the Bayh–Dole Act of 1980, US
universities have increased their involvement in patenting and licensing activities through
their own technology transfer offices. Only a few US universities are obtaining large ...
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Autocorrelation specification in singular equation systems

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GC Moschini, D Moro - Economics Letters, 1994 - Elsevier
N~H economics letters ELSEVIER Economics Letters 46 (1994) 303-309 Autocorrelation specification
in singular equation systems Giancarlo Moschinia'*, Daniele Moro b 'Department of
Economics, Iowa State University, Ames, IA 50011, USA blstituto de Economia, ...
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Production subsidy and countervailing duties in vertically related markets: the hog-pork case between Canada and the United States

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G Moschini… - American journal of agricultural …, 1992 - ajae.oxfordjournals.org
Abstract This paper analyzes US countervailing import duties aimed at offsetting the effects
of a Canadian hog production subsidy. Approximate countervailing duty formulae for two
alternative objectives are derived, the permissible range of these duties is illustrated, and ...
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Biotechnology and the development of food markets: retrospect and prospects

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GC Moschini - European Review of Agricultural Economics, 2008 - Oxford Univ Press
Summary Biotechnology has had an important impact on the agricultural and food industries
over the last 12 years by way of fast and extensive adoption of a few genetically modified
(GM) crops. This has produced large efficiency gains, including higher yields and reduced ...
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Evaluating the market and welfare impacts of agricultural policies in developed countries: comparison of partial and general equilibrium measures

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A Gohin… - Applied Economic Perspectives …, 2006 - aepp.oxfordjournals.org
Abstract We revisit the question of choosing partial equilibrium or general equilibrium
modeling in applied policy analysis in the context of evaluating the effects of a complete
phase-out of the Common Agricultural Policy (CAP) of the European Union. We compare ...
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Grading, minimum quality standards, and the labeling of genetically modified products

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H Lapan… - American Journal of Agricultural …, 2007 - ajae.oxfordjournals.org
Abstract We relate the labeling of genetically modified (GM) products to the theory of grading
and minimum quality standards. The model represents three stages in the supply chain,
assumes a vertical product differentiation framework, allows for the accidental ...
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[CITATION] Economic perspectives on GMO market segregation

J Miranowski, G Moschini, BA Babcock… - Staff General …, 1999 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
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Vertical product differentiation, entry-deterrence strategies, and entry qualities

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YH Noh… - Review of Industrial Organization, 2006 - Springer
Abstract We analyze the potential entry of a new product into a vertically differentiated
market. Here the entry-deterrence strategies of the incumbent firm rely on “limit qualities.”
The model assumes quality-dependent marginal production costs and considers ...
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A flexible multistage demand system based on indirect separability

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GC Moschini - Southern Economic Journal, 2001 - JSTOR
The notion of indirect separability is exploited to derive a new multistage demand system.
The model allows a consistent parameterization of demand relations at various budgeting
stages and it fulfills the requirement of flexibility while satisfying separability globally. Two ...
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Sustainable rates of return for milk quotas in Ontario

G Moschini… - Canadian Journal of Agricultural …, 1988 - Wiley Online Library
This paper utilizes the capital asset pricing model, together with available econometric
estimates of the cost function of Ontario dairy farms, to estimate rates of returns for three
types of milk quotas. The estimated rates follow the trend of the interest rate in the ...
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Modeling the Supply Response of Supply‐Managed Industries: A Review of Issues

G Moschini - … of Agricultural Economics/Revue canadienne d' …, 1989 - Wiley Online Library
Cet article examine les problbmes mCthodologiques pour 1'Cstimation de la rCsponse
d'offre des industries canadiennes sous rCserve de la gestion de I'approvisionnement: ceux-
ci sont des problhes trb importants pour evaluer les effets de la IibCralisation du ...
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A non-nested test of separability for flexible functional forms

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G Moschini - The Review of Economics and Statistics, 1992 - JSTOR
This paper develops a separable functional form in which all the relevant aggregator
functions are modeled to the desired degree of approximation. This leads to separable
structures that are more flexible than those implied by parametric restrictions of flexible ...
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Nonparametric and semiparametric estimation: An analysis of multiproduct returns to scale

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G Moschini - American journal of agricultural economics, 1990 - ajae.oxfordjournals.org
Abstract The nonparametric and semiparametric regression models based on kernel density
estimation are reviewed, and they are applied to the analysis of returns to scale in dairy
farms using a multioutput cost function. Semiparametric tests of constant returns to scale ...
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Nash equilibrium in strictly competitive games: live play in soccer

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GC Moschini - Economics Letters, 2004 - Elsevier
I model a scoring situation that arises frequently during soccer matches. The Nash
equilibrium solution is shown to be broadly consistent with the conventional wisdom of
experts. Data on goals scored over an entire season in Italy's soccer league provide ...
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[CITATION] GMO Labeling and Trade: Consumer Protection or (Just) Protectionism?

H Lapan… - … on 'Globalization, Biotechnology and Trade'IATRC …, 2001
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Quota values and price uncertainty

GC Moschini - … of Agricultural Economics/Revue canadienne d' …, 1984 - Wiley Online Library
A number of authors have recently enriched the debate on the nature of economic regulation
of Canadian Agriculture (Arcus; Barichello; Borcherding; Forbes, Hughes and Warley: and
Veeman). Not surprisingly, much of the attention has focused on the effects of supply- ...
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Input substitutability in the EC compound feed industry

Y Surry… - European Review of Agricultural …, 1984 - Oxford Univ Press
Summary Duality theory allows for the multiple-output, multiple-input technology typical of
compound feed production, to be characterized by a joint cost function. For estimation
purposes, a translog cost function with three inputs (cereals, cereal substitutes, and high ...
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Patents, research exemption, and the incentive for sequential innovation

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GC Moschini… - Journal of Economics & …, 2008 - Wiley Online Library
1. We thank two anonymous referees, a coeditor, Harvey Lapan and Talia Bar for their
helpful comments. This project was supported in part by Pioneer Hi-Bred International, by
means of a gift to the Iowa State University Foundation.
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[CITATION] A food demand system for Canada

G Moschini… - Papers, 1993 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
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Testing for preference change in consumer demand: an indirectly separable, semiparametric model

G Moschini - Journal of Business & Economic Statistics, 1991 - JSTOR
This article considers the hypothesis that preference changes may partly explain observed
consumption patterns. A model is developed based on indirect weak separability. The kernel
estimator of the regression function models the unknown shape of demand functions, and ...
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[CITATION] The US Demand for Beef: Has There Been a Structural Change?

G Moschini… - 1983
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Patents, trade secrets and the correlation among R&D projects

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H Bulut, GC Moschini - Economics Letters, 2006 - Elsevier
In patent race models, firms' noncooperatively chosen research projects typically display too
much correlation. But when there are multiple intellectual property rights protection
instruments, we find that the paths chosen in an R&D race can move towards the social ...
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[BOOK] Economic benefits and costs of biotechnology innovations in agriculture

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GC Moschini… - 2001 - Citeseer
Abstract The conceptual model necessary for an assessment of biotechnology's economic
benefits and costs is outlined, emphasizing the need to account for the proprietary nature of
biotechnology innovations. The model is illustrated with an application to Roundup Ready ...
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Deriving a flexible mixed demand system: The normalized quadratic model

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GC Moschini, PL Rizzi - American Journal of Agricultural …, 2007 - ajae.oxfordjournals.org
Abstract This article deals with the specification of a locally flexible and theory-consistent
system of mixed demand functions, a framework that allows for a rich set of possibilities
about what is assumed as exogenous in a demand model. A coherent mixed demand ...
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[BOOK] Labeling regulations and segregation of first-and second-generation genetically modified products: innovation incentives and welfare effects

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GC Moschini, H Lapan… - 2005 - card.iastate.edu
Abstract We review some of the most significant issues and results on the economic effects
of genetically modified (GM) product innovation, with emphasis on the question of GM
labeling and the need for costly segregation and identity preservation activities. The ...
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[PDF] Genetically Modified Crop Innovations and Product Differentiation: Trade and Welfare Effects in the Soybean Complex

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A Sobolevsky, GC Moschini… - Ames, Iowa: Center for …, 2002 - card.iastate.edu
Abstract We develop a new partial equilibrium, four-region world trade model for the
soybean complex comprising soybeans, soybean oil, and soybean meal. In the model, some
consumers view genetically modified Roundup Ready (RR) soybeans and products as ...
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Labeling regulations and segregation of first-and second-generation GM products: Innovation incentives and welfare effects

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GC Moschini… - Regulating agricultural biotechnology: …, 2006 - Springer
We review some of the most significant issues and results on the economic effects of
genetically modified (GM) product innovation, with emphasis on the question of GM labeling
and the need for costly segregation and identity preservation activities. The analysis is ...
Cited by 8 - Related articles - All 5 versions

Determinants of world demand for US corn seeds: The role of trade costs

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S Jayasinghe, JC Beghin… - American Journal of …, 2010 - ajae.oxfordjournals.org
Abstract The expansion of the US corn seed trade is not well understood. This article
econometrically investigates world demand for US corn seeds, focusing on trade costs
impeding exports, including transportation, tariffs, and sanitary and phytosanitary (SPS) ...
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An analysis of the structural and welfare effects of bovine somatotropin on the Ontario dairy industry

J Oxley, G Fox… - Canadian Journal of Agricultural …, 1989 - Wiley Online Library
EFFECTS OF BOVINE SOMATOTROPIN 395 as we show later, the welfare gains to farmers
from this technology are substantial in aggregate, a more circumspect projection of the likely
structural effects could help facilitate the realization of those gains.
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[CITATION] Uncertainty

G Moschini… - Risk Aversion and Risk Management for Agricultural …, 2001
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Welfare impacts of alternative biofuel and energy policies

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J Cui, H Lapan, GC Moschini… - American Journal of …, 2011 - ajae.oxfordjournals.org
Abstract An open-economy equilibrium model is derived to investigate the effects of energy
policy on the US economy, with emphasis on corn-based ethanol. A second best policy of a
fuel tax and ethanol subsidy is found to approximate fairly closely the welfare gains ...
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Regulatory actions under adjustment costs and the resolution of scientific uncertainty

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DA Hennessy, GC Moschini - American Journal of …, 2006 - ajae.oxfordjournals.org
Abstract Food system regulators often decide whether to ban existing practices or approve
new technologies without conclusive scientific evidence on possible damage and knowing
that resolution is likely in the future. In a model with three decision points and stochastic ...
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Nonparametric kernel estimation applied to forecasting: an evaluation based on the bootstrap

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G Moschini, DM Prescott… - Empirical Economics, 1988 - Springer
The results reported in this paper lend support to the nonparametric approach to estimating
regression functions. This conclusion is based on a comparison of two sets of eight quarterly
forecasts of US hog supply generated by a well specified parametric dynamic model and ...
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Optimal price policy and the futures markets

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H Lapan… - Economics Letters, 1996 - Elsevier
Because of the short-term nature of existing commodity futures contracts, optimally hedged
producers remain subject to intertemporal income uncertainty, but price stabilization may be
detrimental because it negates the benefits of intertemporal production flexibility. ...
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[CITATION] Who is Afraid of the" Precautionary Principle"?

GC Moschini - Staff General Research Papers, 2001 - Iowa State University, Department of …
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Quality certification by geographical indications, trademarks and firm reputation

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L Menapace… - European Review of Agricultural …, 2011 - Oxford Univ Press
Abstract We develop a reputation model to study the concurrent use of trademarks and
certification for food products with a geographical indication (GI). The model extends
Shapiro's (1983) approach to modelling reputation to a situation in which two technologies ...
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[CITATION] Separability in Demand Analysis: Untested Assumption of Tested Hypothesis?

GC Moschini… - Staff General Research Papers, 1994 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your
bookmarks. Separability in Demand Analysis: Untested Assumption of Tested
Hypothesis? GianCarlo Moschini () and R. Green. ...
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INCENTIVES AND OUTCOMES IN A STRATEGIC SETTING: THE 3‐POINTS‐FOR‐A‐WIN SYSTEM IN SOCCER

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GC Moschini - Economic Inquiry, 2010 - Wiley Online Library
The behavior of agents in a strategic contest is a central concern of economic models, and the
notion of Nash equilibrium (and various extensions and refinements thereof) is the guiding principle
of analysis. Results in this setting are often sensitive to the structure of the interaction, and ...
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A note on imposing local curvature in generalized Leontief models

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A Serletis, A Shahmoradi… - Macroeconomic …, 2007 - Cambridge Univ Press
In this paper, we build on Ryan and Wales (1998) and Moschini (1999) and impose
curvature conditions locally on the generalized Leontief model, introduced by Diewert
(1974). In doing so, we exploit the Hessian matrix of second order derivatives of the ...
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[CITATION] Specification of the Demand Structure of National Models and Welfare Calculations

G Moschini - Memorandum prepared for the US Department of …, 1999
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[PDF] Structural Change in US Meat Demand: Further Evidence

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G Moschini… - Proceedings of NCR Conference on …, 1988 - farmdoc.illinois.edu
Consumption patterns for meat products have changed considerably over the last two
decades. This development is illustrated in Figure 1, which shows quarterly per capita meat
consumption levels (pounds of retail weight for beef, pork, and chicken, and expenditure ...
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[BOOK] Parallel research, multiple intellectual property right protection instruments, and the correlation among R&D projects

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H Bulut, GC Moschini… - 2005 - publications.iowa.gov
The choice of a research path in attacking scientific and technological problems is a
significant component of firms' R&D strategy. One of the findings of the patent races literature
is that, in a competitive market setting, firms' noncooperative choices of research projects ...
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[PDF] Identity preservation and labeling of genetically modified products: system design and enforcement issues

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HE Lapan, GC Moschini - Staff General Research Papers, 2004 - econ.iastate.edu
Abstract This paper analyzes economic issues that arise in devising a credible and
enforceable system of identity preservation and labeling for genetically modified (GM) and
non-GM products. The model represents three stages in the supply chain: farm production, ...
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Intellectual property rights and crop-improving R&D under adaptive destruction

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O Yerokhin… - Environmental and Resource Economics, 2008 - Springer
Abstract This paper studies how the strength of intellectual property rights (IPRs) affects
investments in biological innovations when the value of an innovation is stochastically
reduced to zero because of the evolution of pest resistance. We frame the problem as a ...
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[BOOK] Patents and other intellectual property rights

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GC Moschini… - 2001 - card.iastate.edu
Abstract This article reviews intellectual property rights (IPRs), with some emphasis on the
protection of agricultural and life sciences innovations. The main institutional features of
IPRs are first discussed, along with a brief historical background and an articulation of the ...
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[PDF] Constant or Time-Varying Optimal Hedge Ratios?

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G Moschini… - NCR-134 Conference on Applied …, 1993 - farmdoc.illinois.edu
Individuals or firms with risky cash positions can eliminate part or all If their risk by hedging
using futures contracts. In this setting, the analysis ä| f the optimal hedging problem typically
makes use of the concept of a'hedge fatio'--the amount of futures bought or sold ...
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[CITATION] Modeling Supply Response Potentials of Supply Managed Industries: A Methodological Approach

G Moschini - workshop on Estimating Supply Response in Supply …, 1989
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[PDF] Competition issues in the seed industry and the role of intellectual property

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GC Moschini - Choices, 2010 - econ.iastate.edu
Abstract Research and Development (R&D) and innovation are crucial features of the seed
industry. To support large R&D investments by the private sector, strong intellectual property
rights, such as patents, are necessary. The exclusivity granted by patents naturally creates ...
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[HTML] Assessing the welfare effects of US biofuel policies

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GC Moschini, H Lapan, J Cui… - 2011 - agbioforum.org
We present a synopsis of the results of a research project that assesses the main welfare
implications of US policies to support biofuels, with an emphasis on corn-based ethanol. The
results are obtained from an open economy, multimarket equilibrium model that links ...
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[CITATION] Patented agriculture

GC Moschini - Staff General Research Papers, 2002 - Iowa State University, Department of …
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Quality certification standards in competitive markets: When consumers and producers (dis) agree

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H Lapan… - Economics Letters, 2009 - Elsevier
A quality certification standard in a competitive setting can improve welfare but may affect
consumers and producers differently. In a competitive model with quality preferences of the
vertical product differentiation type, we find that producers prefer a higher (lower) quality ...
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A Model of Production with Supply Management for the Canadian Agricultural Sector: Reply

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G Moschini - American Journal of Agricultural Economics, 1991 - ajae.oxfordjournals.org
Nelson correctly points out an error in equation (18) of Moschini (1988). The formula that I
gave is valid for the two-output case; but, for the general n-output case, the correct
expression is given by Nelson's equation (4). I should be thankful for his careful reading of ...
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[CITATION] Modeling the effects of supply constraints on the Canadian agricultural sector: a dual approach

G Moschini - 1987
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Production, Hedging, and Speculative Decisions with Options and Futures Markets: Reply

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H Lapan, G Moschini… - American Journal of …, 1993 - ajae.oxfordjournals.org
In a recent article in this Journal (Lapan, Moschini, and Hanson, 1991; hereafter, LMH), we
proved a number of propositions, including:(i) if futures price and basis are the only sources
of uncertainty and basis risk is independent of the futures price, then there is no pure ...
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Policy Reform in the European Union Dairy Sector: Effects on Markets and Welfare: Discussion

GC Moschini - … of Agricultural Economics/Revue canadienne d' …, 1999 - Wiley Online Library
... Policy Reform in the European Union Dairy Sector: Effects on Markets and Welfare: Discussion.
Giancarlo Moschini. Article first published online: 15 JUL 2005. ... More content like this. Find more
content: like this article. Find more content written by: Giancarlo Moschini. ...
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[CITATION] Role of Research & Development and of New Technologies (The)

WE Huffman… - Staff General Research Papers, 1999 - econpapers.repec.org
By Wallace E. Huffman and GianCarlo Moschini; Abstract: not available at this.
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[CITATION] Analysis of Spatial Price Differences in the North-American Livestock Sector, An

GC Moschini… - Staff General Research Papers, 1987 - ideas.repec.org
Paper provided by Iowa State University, Department of Economics in its series Staff General
Research Papers with number 12755. ... Did you know? About 1200 archives contribute their
bibliographic data to RePEc. ... This information is provided to you by IDEAS at the ...
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[BOOK] A Chronicle of Canadian Hog Stabilization Programs and US Countervailing Duties on Hogs and Pork

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KD Meilke, GC Moschini… - 1992 - card.iastate.edu
ABSTRACT Canadian hog producers are eligible for a federal/provincial hog stabilization
program which, under certain conditions, makes deficiency payments to producers enrolled
in the program. Currently, producers pay premiums of approximately one-third of the cost ...
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Least-Cost Subsidization Alternatives: Comment

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G Moschini - American Journal of Agricultural Economics, 1987 - ajae.oxfordjournals.org
In a recent Journal article, Chambers applies an optimal tax framework to derive least-cost
subsidization conditions for the problem of assuring the economic survival of a particular
class of farms. Among the conclusions of the paper, it is claimed that government ...
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[PDF] Strength of Protection for Geographical Indications: Promotion Incentives and Welfare Effects

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L Menapace… - 2011 - idei.fr
Definition (TRIPS Art. 22)“Geographical indications are... indications which identify a good
as originating in the territory of a Member, or a region or locality in that territory, where a
given quality, reputation or other characteristic of the good is essentially attributable to its ...
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[BOOK] Genetically Modified Food and Global Welfare

GC Moschini - 2011 - books.google.com
Genetically modified (GM)(or transgenic) crops are produced using plant biotechnology to
select desirable characteristics in plants and transfer genes from one organism to another.
As a result, crops can survive under harsher conditions, costs are lowered, chemical ...
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[CITATION] Testing for Parameter Instability in Linear Econometric Models: A Survey

GC Moschini - Staff General Research Papers, 1982 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. Testing
for Parameter Instability in Linear Econometric Models: A Survey. GianCarlo Moschini (). ...
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The following referees provided one or more referee's report between January 1989 and May 31, 1991. The editors express their sincere thanks to the generous …

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G Adams, A Alexander, B Anderson… - Defence …, 1991 - Taylor & Francis
The following referees provided one or more referee's report between January 1989 and May
31, 1991. The editors express their sincere thanks to the generous support and helpful advice
given by these referees. The continued success of Defence Economics depends on the ...

Second-best biofuel policies and the welfare effects of quantity mandates and subsidies

H Lapan… - Journal of Environmental Economics and …, 2011 - Elsevier
The quest for biorenewable energy sources is held to justify a number of government
interventions, including support policies for biofuels such as those responsible for the recent
rapid growth of US ethanol production. This article provides an analytical assessment of ...
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Stabilizing Price Policies and the Futures Market

HE Lapan, GC Moschini - Staff General Research Papers, 1996 - ideas.repec.org
Because of the short-term nature of existing commodity futures contracts, optimally hedged
producers remain subject to intertemporal income uncertainty, but price stabilization may be
detrimental because it negates the benefits of intertemporal production flexibility. ...
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[BOOK] Price Stabilization Policies and Futures Markets

[PDF] from iastate.edu
H Lapan, GC Moschini… - 1992 - card.iastate.edu
ABSTRACT Because of the short-term nature of existing futures contracts, farmers are
subject to intertemporal income uncertainty, yet price stabilization may be detrimental
because it negates the benefits of (intertemporal) production flexibility. Multiyear futures, if ...
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Innovation and Its Discontents: How Our Broken Patent System Is Endangering Innovation and Progress, and What to Do About It by Jaffe, Adam B. and Josh Lerner

Full text - MIT Libraries
GC Moschini - American Journal of Agricultural Economics, 2009 - ajae.oxfordjournals.org
This is the paperback edition of a book originally published in 2004. Notwithstanding its title,
the book is only indirectly about innovation, as it focuses on the role that patenting plays in
this process, with specific reference to the US institutional system. The main thesis is that ...

US Universitiesï¾'Net Returns from Patenting and Licensing: A Quantile Regression Analysis

H Bulut, GC Moschini - Staff General Research Papers, 2006 - ideas.repec.org
In line with the rights and incentives provided by the Bayh-Dole Act of 1980, US universities
have increased their involvement in patenting and licensing activities through their own
technology transfer offices. Only a few US universities are obtaining large returns, ...
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