Which Will Overcome? The Productivity or Risk Premium

نویسندگان

  • Javad Shahraki Assistant Professor, Economics Department, University of Sistan and Baluchestan,Iran
  • Shahram Saeedian Graduate Student of Agricultural Economics, Economics Department, University of Sistan and Baluchestan,Iran
چکیده مقاله:

The study investigates consumers’ preference for cowpea reflected in the Nigerian markets through price discounts and premiums that consumers pay for different cowpea characteristics. The price data used for this study were obtained through a market survey. A common data collection protocol was employed. Every month, between October 2009 to December 2010, five cowpea samples per seller were bought from randomly selected sellers in six markets and the prices noted. In the laboratory, the non-price data, such as, 100 grain weight, number of bruchid holes per 100 grains, eye colour and texture of the testa were obtained. A hedonic pricing regression model was used to analyze data collected. Hedonic pricing methods provide a statistical estimate of premiums and discounts. Results indicate that eye colour is the most important determinant of cowpea market prices. Cowpeas with brown colour commands a clear premium in all but one market. The consumers discount prices for insect damage in most markets. In general, this study signals the need for cowpea breeders to identify cost effective ways of breeding for brown coloured cowpea (Ife-brown specie) which was noted to attract price premium.Risk-averse farmers are prudent to use different inputs because every input has a distinct effect on output fluctuations and production risk as well. This paper examines the effect of input using growth on producer welfare of date farmers in Sistan and Baluchestan province which is the second greatest producer and exporter of date in Iran. It is well known that input using growth impresses both productivity and risk premium. These two factors contribute to producer welfare so that increasing the productivity will boost the welfare and an addition to risk premium shall detract the welfare of risk-averse farmers. Results showed that technical change has reduced both productivity and production risk in 2011/2012 and the welfare increased as 912727.21. But, in 2010/2011, productivity and risk premium had a positive growth and finally the producer's welfare experienced a reduction as 1041478.41.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

which will overcome? the productivity or risk premium

the study investigates consumers’ preference for cowpea reflected in the nigerian markets through price discounts and premiums that consumers pay for different cowpea characteristics. the price data used for this study were obtained through a market survey. a common data collection protocol was employed. every month, between october 2009 to december 2010, five cowpea samples per seller were bou...

متن کامل

Uncertainty, Risk Premium, and Productivity in the Taiwan Banking Industry

In this paper, we formulate a behavioral model under uncertainty to estimate the total factor productivity in the Taiwan banking industry. In particular, the paper provides a model based on the safety-first rule under uncertainty to measure the risk premium in banking operations that are subject to loan default and other investment risks. Using panel data of forty banks in 1981-1996, a translog...

متن کامل

production risk, total factor productivity, risk premium, sistan and baluchestan

the study investigates consumers’ preference for cowpea reflected in the nigerian markets through price discounts and premiums that consumers pay for different cowpea characteristics. the price data used for this study were obtained through a market survey. a common data collection protocol was employed. every month, between october 2009 to december 2010, five cowpea samples per seller were bou...

متن کامل

Nanotechnology and the Developing World: Will Nanotechnology Overcome Poverty or Widen Disparities?

Nanotechnology proponents expect that it will offer solutions to key problems facing developing countries. In this article, Doctors Noela Invernizzi and Guillermo Foladori argue that this optimistic view overlooks the social factors that shape science and technology development. Invernizzi and Foladori challenge what they see as overly optimistic assessments within recent articles concerning na...

متن کامل

Measuring the equity risk premium

We use surveys of economic forecasts to derive a forward-looking estimate of the US equity risk premium (ERP) relative to government bonds. Our ERP measure helps predict short-term relative returns between stocks and bonds. Over the period we studied, low readings of the ERP tended to adjust back to the mean via a rally in the bond market rather than a fall in stock prices. We do not generalise...

متن کامل

منابع من

با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ذخیره در منابع من قبلا به منابع من ذحیره شده

{@ msg_add @}


عنوان ژورنال

دوره 4  شماره 1

صفحات  7- 17

تاریخ انتشار 2014-03-01

با دنبال کردن یک ژورنال هنگامی که شماره جدید این ژورنال منتشر می شود به شما از طریق ایمیل اطلاع داده می شود.

کلمات کلیدی

میزبانی شده توسط پلتفرم ابری doprax.com

copyright © 2015-2023