Handbook of agricultural economics. Volume 5 / edited by Christopher B. Barrett and David R. Just.

Format:

Book

Contributor:

Barrett, Christopher B. (Christopher Brendan), editor.

Just, David R., editor.

Series:

Handbooks in economics.

Handbooks in economics

Language:

English

Subjects (All):

Agriculture--Economic aspects.

Agriculture.

Microeconomics.

Agricultural innovations.

Physical Description:

1 online resource (810 pages)

Edition:

1st ed.

Place of Publication:

Amsterdam, Netherlands : Elsevier B.V., [2021]

Summary:

Handbook of Agricultural Economics, Volume Five highlights new advances in the field, with this new release exploring comprehensive chapters written by an international board of authors who discuss topics such as The Economics of Agricultural Innovation, Climate, food and agriculture, Agricultural Labor Markets: Immigration Policy, Minimum Wages.

Contents:

Intro

Handbook of Agricultural Economics

Copyright

Contents of the handbook

Contents

Contributors

Preface

Chapter 75: The economics of agricultural innovation

1. Introduction

2. Economics of agricultural innovation and technology policy

2.1. Private incentives through patents, prizes and precommitments

2.2. Institutional innovations for funding and performing agricultural R&amp

D

2.3. Government failure

3. Agricultural innovation, productivity and the transformation of agriculture

3.1. Structural transformation of American agriculture

3.2. Off-farm innovations in the food supply chain

3.3. On-farm innovation and the U.S. farm productivity surge and slowdown

4. Broader dimensions of agricultural innovation

4.1. Agricultural outputs

4.2. Agricultural inputs

4.3. Input proportions and partial factor productivity

4.4. A slowdown in international agricultural productivity?

5. Investments in agricultural R&amp

5.1. Global GERD versus AgGERD

5.2. Shifting public-private roles in R&amp

5.3. Changing sources of finance for agricultural and food R&amp

5.4. A reduction in productivity-oriented research

5.5. International agricultural research

6. Models of the size and distribution of research benefits

6.1. Foundations: The basic supply and demand framework

6.2. Extensions to the basic model

6.3. Attribution problems in models of research impacts

6.3.1. R&amp

D Lag Models

6.3.2. Adoption Lags

6.3.3. Maintenance Research

6.3.4. Spatial Spillovers

7. Returns to agricultural R&amp

7.1. Issues with metrics and measurements

7.2. Worldwide meta-evidence on rates of return

8. Political economy angles on underinvestment in agricultural R&amp

9. Public policy problems and prospects

9.1. Policy perspectives.

9.2. Farm and food policy foibles

9.3. Technological regulations

9.4. Agricultural R&amp

D as an instrument of social policy

10. Conclusion

Author Affiliations and Acknowledgements

Dedication

References

Chapter 76: The empirical analysis of climate change impacts and adaptation in agriculture

2. Basic concepts and data

2.1. Weather and climate

2.2. Adaptation to climate change

2.3. Weather data types and format

2.4. Climate models and modeled weather data

2.5. Environmental factors affecting crop growth

3. Approaches for analyzing climate change impacts and adaptation

3.1. Biophysical approaches

3.2. The Ricardian approach

3.3. Standard panel approaches

3.3.1. Profit and productivity approaches

3.3.2. Statistical crop yield models

3.3.3. Statistical crop quality models

3.3.4. Retrospective studies

3.4. Joint estimation of short- and long-run responses

3.5. Mixed statistical and biophysical approaches

3.6. Modeling farmer decisions

3.6.1. Planting, harvesting, and crop mix

3.6.2. Irrigation and water management

3.6.3. Other adjustments and migration

3.7. Market equilibrium and trade

4. Coding and other empirical matters

4.1. Aggregation of point weather data

4.2. Aggregation of gridded weather data

4.3. Estimating nonlinear effects

4.4. Estimating within-season varying effects

4.5. Spatial dependence in the error term

4.6. Common robustness and sensitivity checks

5. Conclusion

Acknowledgments

Chapter 77: Evolving agricultural labor markets

1. Introduction: Evolving farm labor markets

2. Labor in an agricultural household

2.1. Gender considerations

2.2. Rural labor becomes less agricultural

2.3. Seasonality of agricultural employment

3. Farm labor demand, supply, and mobility.

3.1. The problem of farm labor demand

3.2. Diminishing farm labor supply

3.2.1. Diminishing farm labor supply from Mexico and implications for the United States

3.2.2. Declining farmworker mobility in the United States

4. Examining the effects of farm labor supply shocks on agricultural production

5. Assessing the impacts of immigration policy

6. Climate-induced migration

7. Farmworker welfare

8. The farm labor market and COVID-19

9. Replacing farmworkers with robots

Chapter 78: Risk management in agricultural production

2. Modeling agricultural decisions under risk

3. On-farm production risk

3.1. Standard factors of production

3.2. Biotic factors of production

3.3. Abiotic factors of production

3.4. Production diversification

3.5. Technology adoption

4. On-farm price risk

4.1. Price volatility

4.2. Contracting

4.3. Hedging with futures

4.4. Storage

5. Off-farm income generating opportunities

5.1. Land rental

5.2. Off-farm labor

5.3. Off-farm financial investment

6. Agricultural insurance and credit

6.1. Designing and rating insurance contracts

6.2. Insurance demand

6.3. Effects of agricultural insurance

6.3.1. Ex ante effects

6.3.2. Ex post effects

6.3.3. Indirect effects

6.4. Credit constraint and risk management

7. Decision theories, measurement, and estimation

7.1. Testing, applying, and extending expected utility theory

7.2. State-contingent models

7.3. Prospect theory and its applications

7.4. Measuring and estimating risk and (heterogeneous) risk attitudes

8. Concluding remarks

Chapter 79: Economics of animal health and livestock disease

2. Production economics of animal disease

2.1. Basic model.

2.2. Endogenous loss

2.3. Protection and/or cure?

2.4. Insurance and private information

2.5. Indemnity loss assessment

2.6. Production structure

2.7. Antibiotics

3. External effects: Communicable diseases

3.1. Endemic disease

3.1.1. Disease commons equilibrium

3.1.2. Context and policy

3.1.3. Social distancing and biosecurity for endemic disease

3.1.4. Capital value perspective

3.2. Exotic disease

3.3. Zoonosis and on-farm management

3.4. Mitigation strategies and management technologies

3.4.1. Stamping out

3.4.2. Surveillance

3.4.3. Information and tracing

3.4.4. Adverse selection, insurance and information acquisition

3.4.5. Vaccination

3.4.6. Compartmentalized modeling

4. Public health management

4.1. Public-private partnerships, coordination and cooperation

4.2. Commons incentives and trade

4.3. Commons and property rights

4.4. Incentives and information management

5. International trade

5.1. Post-infection framework

5.1.1. Post-infection disease shocks and mitigation

5.1.2. Empirical calibration models and applications

5.1.3. Econometric models and applications

5.2. Pre-infection framework

5.2.1. Decentralized model over space

5.2.2. Centralized model over space

6. Economic welfare assessment

6.1. Welfare measurement

6.1.1. Consumer surplus

6.1.2. Producer surplus and asset losses

6.1.3. Government and other costs

6.1.4. Supply chains

6.1.5. Willingness to pay and risk reduction

6.2. Measuring aggregate net benefits for assessment

6.2.1. Aggregation and discounting

6.3. Selected empirical applications and issues

7. Conclusions

7.1. Information and data gaps

7.2. Behavioral economics dimensions

7.3. Moving forward

Further reading.

Chapter 80: Experimental and behavioral economics to inform agri-environmental programs and policies

2. Behavioral insights and experimental applications

2.1. Insights from behavioral economics

2.2. Using economic experiments for evidence-based policymaking

2.3. Experimental tests of economic mechanisms to improve agri-environmental outcomes

2.3.1. Reverse auctions and payments for ecosystem services programs

2.3.2. Regulatory and market mechanisms to improve water quality

2.3.3. Policies and institutions for sustainable water withdrawals

3. Designing experiments to inform agri-environmental programs and policies

3.1. Internal and external validity

3.2. Design considerations: Control, context, and representativeness

3.3. Experiment stages

3.3.1. Stage I: Laboratory experiments with student participants

3.3.2. Stage II: Artefactual and framed field experiments with non-student participants

3.3.3. Stage III: Field experiments with potential on-farm implications

3.3.4. Stage IV: Randomized controlled trials

3.4. Collaborating with government agencies and other partner organizations

4. Contemporary issues, best practices, and recommendations

4.1. Issue 1: Replicability crisis in the social sciences

4.1.1. Best Practice A: Pre-analysis plans and pre-registration of experiment designs

4.1.2. Best Practice B: Design and present studies with replication in mind

4.2. Issue 2: Challenges presented by underpowered studies

4.2.1. Best Practice C: Conduct statistical power analyses

4.2.2. Best Practice D: Report standardized effect sizes

4.2.3. Best Practice E: Correct for multiple hypothesis testing

4.3. Issue 3: Publication bias

4.3.1. Best Practice F: Publish replication studies

4.3.2. Best Practice G: Publish null results from well-designed studies.

4.4. Issue 4: Participant recruitment.

Notes:

Includes bibliographical references and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

9780323915021

0323915027

OCLC:

1290021481