Essays on demand,production,marketing,and policy issues in the bovine and equine industries.

详细信息   

• 作者：Vestal ; Mallory Kay.
• 学历：Doctor
• 年：2012
• 导师：Lusk,Jayson L.,eadvisorDeVuyst,Eric A.ecommittee memberWard,Clement E.ecommittee memberCooper,Steven R.ecommittee member
• 毕业院校：Oklahoma State University
• Department：Agricultural Economics.
• ISBN：9781267591036
• CBH：3525655
• Country：USA
• 语种：English
• FileSize：4695226
• Pages：121

文摘

Scope and Method of Study: This three-essay dissertation seeks to address issues in the equine and bovine industries. The first essay assesses the value of DNA profile information using data from actual bull sales at a test station and combining it with stated-preference survey data. The final two essays address the closure of the United States horse processing market. The second essay determines the change in horse prices resulting from the elimination of horse processing facilities using quantile regression while the third and final essay estimates structural parameters surrounding the Quarter Horse yearling market. The third essay compiles a unique data set,merging together information on registrations from the American Quarter Horse Association and price data from a large regional horse auction. The data is then used to estimate the supply of yearling Quarter Horses using biological production lags to identify the key structural parameters. Findings and Conclusions: From the first essay,results are consistent with previous research,we find that expected progeny differences EPDs),test performance,and ultrasound information significantly influences bull-buyers willingness-to-pay. The newer DNA profile information,however,was unrelated to buyers preferences. In the second essay,the quantile regression approach shows that,as expected,lower-valued horses were more affected by the ban than higher-valued horses. The analysis suggests the slaughter ban reduced horse prices,on average,about 36% and resulted in a loss in surplus to the producers at the sale we analyzed of about 38%. In addition to the impacts of the ban,we also show horse prices are affected by a myriad of factors including breed,gender,age,coat color,and how sellers choose to describe the horse in the sale catalog. Results from the third essay show an own-price elasticity of short- and long-run supply of 0.27 and 0.35. An inverse demand function is also estimated,and after accounting for endogeneity,we find a price flexibility of own-price yearling demand of -0.71. Results reveal that demand shifted inward following the horse slaughter ban,resulting in annual losses to producers of $26.9 million in the yearling Quarter Horse market.