New Economics Papers
on Agricultural Economics
Issue of 2005‒03‒20
five papers chosen by

  1. Are Vietnamese Farmers Concerned with their Relative Position in Society? By Carlsson, Fredrik; Nam, Pham Khanh; Linde-Rahr, Martin; Martinsson, Peter
  2. Carbon Sequestration in Agricultural Soils: Discounting for Uncertainty By Kurkalova, Lyubov
  3. Land Fragmentation and its Implications for Productivity: Evidence from Southern India By Raghbendra Jha; Hari K. Nagarajan; Subbarayan Prasanna
  4. The Labor Market for New Agricultural and Resource Economics Ph.D.s By Wendy A. Stock; John J. Siegfried
  5. An Analysis of the Impact of Multiple Environmental Goods on House Prices By Katherine Kiel; Michael Williams

  1. By: Carlsson, Fredrik (Department of Economics, School of Economics and Commercial Law, Göteborg University); Nam, Pham Khanh (Faculty of Development Economics, University of Economics); Linde-Rahr, Martin (Department of Economics, School of Economics and Commercial Law, Göteborg University); Martinsson, Peter (Department of Economics, School of Economics and Commercial Law, Göteborg University)
    Abstract: This paper examines the attitude towards relative position or status among rural households in Vietnam. On average, the respondents show weaker preferences for relative position than in comparable studies in Western countries. Possible explanations are the emphasis on the importance of equality and that villagers are very concerned with how the local community perceives their actions. We also investigate what influences the concern for relative position and find, among other things, that if anyone from the household is a member of the Peoples Committee then the respondent is more concerned with the relative position. <p>
    Keywords: Relative income; positionality; experiments; Vietnam; Asia
    JEL: C91 D63
    Date: 2005–03–16
  2. By: Kurkalova, Lyubov
    Abstract: The study presents a conceptual model of an aggregator who selectively pays farmers for altering farming practices in exchange for carbon offsets that the change in practices generates. Under the assumption that the offsets are stochastic and that the aggregator maximizes the sum of the offsets from the purchase that he/she can rightfully claim with a specified level of confidence subject to a budget constraint, we investigate the optimal discounting of expected carbon offsets. We use the model to estimate empirically the optimal discounting levels and costs for a hypothetical carbon purchasing project in the Upper Iowa River Basin.
    Date: 2005–03–11
  3. By: Raghbendra Jha; Hari K. Nagarajan; Subbarayan Prasanna
    Keywords: Length (pages): 37
    Date: 2005
  4. By: Wendy A. Stock (Department of Agricultural Economics and Economics, Montana State University); John J. Siegfried (Vanderbilt University and American Economic Association)
    Abstract: This paper describes the characteristics and labor market experiences of new agricultural and natural resource (ANR) economics Ph.D.s, based on surveys of graduates in 1996-97 and 2001-02. An average of 185 new Ph.D.s in ANR economics were awarded in each of these years. Among these, an average of 27 percent were earned by women, and 36 percent were earned by U.S. citizens. The median graduate took 5.2 years to earn the Ph.D. Ninety-five percent of the graduates were employed. About half of the jobs were in academe, with the remainder divided roughly equally among government, international or research organizations, and business, industry, and consulting. The median salary of new ANR economics Ph.D.s holding full-time jobs in the U.S. was $62,500 in 2002, up from $47,500 five years earlier. Ninety-one percent of the respondents reported that they like their job fairly well. Those who do less research and more service are more likely to be dissatisfied with their jobs. Overall, 85 percent of the new ANR economics Ph.D.s reported that had they known at matriculation what they know after graduation, they still would have pursued a Ph.D.
    Keywords: Agricultural and natural resource economists, market for agricultural economists, salaries of agricultural economists
    JEL: A11
    Date: 2005–02
  5. By: Katherine Kiel (Department of Economics, College of the Holy Cross); Michael Williams (Department of Economics, College of the Holy Cross)
    Abstract: It seems an established empirical fact that Superfund sites lower local property values. Two recent literature reviews (Farber, 1998, Boyle and Kiel, 2001) report that published academic papers on the topic verify that point. The EPA’s approach assumes that all sites negatively impact property values, and that the impact is similar for all sites. This paper examines 74 National Priorities List (NPL) sites in 13 U.S. counties in order to test these two implicit assumptions. Following the hedonic approach of Kiel (1995) and Kiel and McClain (1995), we find that some sites have the expected negative impact, while other sites have either no impact or a positive impact on local property values. We also consider the possibility of ‘stigma’ from sites by looking at those sites that have been cleaned during our sample period and find that some sites do appear to suffer from stigma, while others do not. We then use a meta-analysis approach to examine what factors affect the likelihood and extent of a decrease in property values near the sites. We find that larger sites in areas with fewer blue-collar workers are more likely to have the expected negative impact on local house prices.
    Keywords: Environment, Superfund, Hedonic regressions, meta-analysis, property values
    JEL: Q51 Q53 Q58 R21
    Date: 2005–03

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