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Three essays in applied econometrics.

Poi, Brian Peter.

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Three essays in applied econometrics.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Three essays in applied econometrics./
Author:	Poi, Brian Peter.
Description:	146 p.
Notes:	Chair: James A. Levinsohn.
Contained By:	Dissertation Abstracts International63-07A.
Subject:	Economics, Agricultural. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3058030
ISBN:	0493736492

Three essays in applied econometrics.
Poi, Brian Peter.

Three essays in applied econometrics. - 146 p.

Chair: James A. Levinsohn.

Thesis (Ph.D.)--University of Michigan, 2002.

The dairy industry in the United States has been the recipient of numerous price support programs. Unfortunately, the ramifications for consumer welfare are often neglected during policy negotiations. The first two chapters of this dissertation develop a methodology to estimate the welfare impacts of agricultural and other policies. These techniques are then used to estimate the welfare impacts of recent dairy programs.

ISBN: 0493736492Subjects--Topical Terms:

626648
Economics, Agricultural.

Three essays in applied econometrics.
LDR:03244nam 2200313 a 45 001 933717
005 20110506
008 110506s2002 eng d
020 $a 0493736492
035 $a (UnM)AAI3058030
035 $a AAI3058030
040 $a UnM $c UnM
100 1 $a Poi, Brian Peter. $3 1257448
245 1 0 $a Three essays in applied econometrics.
300 $a 146 p.
500 $a Chair: James A. Levinsohn.
500 $a Source: Dissertation Abstracts International, Volume: 63-07, Section: A, page: 2638.
502 $a Thesis (Ph.D.)--University of Michigan, 2002.
520 $a The dairy industry in the United States has been the recipient of numerous price support programs. Unfortunately, the ramifications for consumer welfare are often neglected during policy negotiations. The first two chapters of this dissertation develop a methodology to estimate the welfare impacts of agricultural and other policies. These techniques are then used to estimate the welfare impacts of recent dairy programs.
520 $a During the 1980's dairy price supports were set at levels which encouraged rampant overproduction, and so other policies were initiated to remove excess supplies. Had the government instead followed a policy of lower but still adequate price supports, average weekly household welfare would have increased by about 79¢ in 1987 and 1988 as measured by compensated variation. This translates to aggregate savings of nearly $6 .5 billion per year after adjusting for inflation through 2001. Changes to the Federal Milk Marketing Order program proposed in 2000 would result in annual welfare gains of over $4 00 million.
520 $a The results also show that a second-order Taylor series expansion of compensated variation performs extremely well, even when the parameters of that expansion are estimated using an incorrectly specified demand system. However, most other welfare measures, both exact and series approximations, exhibit significant biases when the demand system is mis-specified. Since second-order Taylor series approximations depend on observable prices and quantities as well as elasticities, these results validate recent efforts in the literature to estimate elasticity matrices nonparametrically.
520 $a The final chapter of this dissertation measures the economic benefits to spatial agglomeration by focusing on initial public offerings. On the one hand, knowledge spillovers, greater access to customers and business service providers, and larger pools of skilled labor should provide benefits to firms located in dense clusters that firms in more sparsely populated areas cannot utilize. On the other hand, being in a more remote area implies less competition as well as lower costs for labor and other factors of production. Financial firms, manufacturers, and hospitals located in sparsely populated clusters outperform rivals in urban areas, while the net benefit of spatial agglomeration to high technology firms is nil.
590 $a School code: 0127.
650 4 $a Economics, Agricultural. $3 626648
650 4 $a Economics, General. $3 1017424
690 $a 0501
690 $a 0503
710 2 0 $a University of Michigan. $3 777416
773 0 $t Dissertation Abstracts International $g 63-07A.
790 $a 0127
790 1 0 $a Levinsohn, James A., $e advisor
791 $a Ph.D.
792 $a 2002
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3058030