Beef Producer Alliance Preferences for Vertical Coordination: A Bivariate Nested Panel Probit Approach
Using a nested bivariate panel probit model, we quantify the perceived attribute values (PAV) that beef producers place on different information flows and alliance attributes. Our framework allows us to quantify the monetary value of individual rather than fixed sets of attributes. Results indicate...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
2019-01-01
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| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Online Access: | https://ageconsearch.umn.edu/record/281318 |
| _version_ | 1828388219708768256 |
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| author | Ibrahima Sall Russell Tronstad Satheesh Aradhyula |
| author_facet | Ibrahima Sall Russell Tronstad Satheesh Aradhyula |
| author_sort | Ibrahima Sall |
| collection | DOAJ |
| description | Using a nested bivariate panel probit model, we quantify the perceived attribute values (PAV) that beef producers place on different information flows and alliance attributes. Our framework allows us to quantify the monetary value of individual rather than fixed sets of attributes. Results indicate that young producers are most likely to join an alliance, and high participation fees are a significant deterrent to joining an alliance. A PAV of $12.64/head is attached to an alliance that enforces restrictions on vaccinations and antibiotic use. for small producers, not having a required minimum number of animals has a PAV of $9.65/head. |
| first_indexed | 2024-12-10T06:09:05Z |
| format | Article |
| id | doaj.art-9a7fa723b8c649cb953d86f8c6996334 |
| institution | Directory Open Access Journal |
| issn | 1068-5502 2327-8285 |
| language | English |
| last_indexed | 2024-12-10T06:09:05Z |
| publishDate | 2019-01-01 |
| publisher | Western Agricultural Economics Association |
| record_format | Article |
| series | Journal of Agricultural and Resource Economics |
| spelling | doaj.art-9a7fa723b8c649cb953d86f8c69963342022-12-22T01:59:37ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852019-01-0144116417810.22004/ag.econ.281318281318Beef Producer Alliance Preferences for Vertical Coordination: A Bivariate Nested Panel Probit ApproachIbrahima SallRussell TronstadSatheesh AradhyulaUsing a nested bivariate panel probit model, we quantify the perceived attribute values (PAV) that beef producers place on different information flows and alliance attributes. Our framework allows us to quantify the monetary value of individual rather than fixed sets of attributes. Results indicate that young producers are most likely to join an alliance, and high participation fees are a significant deterrent to joining an alliance. A PAV of $12.64/head is attached to an alliance that enforces restrictions on vaccinations and antibiotic use. for small producers, not having a required minimum number of animals has a PAV of $9.65/head.https://ageconsearch.umn.edu/record/281318cognitive survey burdenconjoint analysisparticipation feesperceived attribute valuestated preferences |
| spellingShingle | Ibrahima Sall Russell Tronstad Satheesh Aradhyula Beef Producer Alliance Preferences for Vertical Coordination: A Bivariate Nested Panel Probit Approach Journal of Agricultural and Resource Economics cognitive survey burden conjoint analysis participation fees perceived attribute value stated preferences |
| title | Beef Producer Alliance Preferences for Vertical Coordination: A Bivariate Nested Panel Probit Approach |
| title_full | Beef Producer Alliance Preferences for Vertical Coordination: A Bivariate Nested Panel Probit Approach |
| title_fullStr | Beef Producer Alliance Preferences for Vertical Coordination: A Bivariate Nested Panel Probit Approach |
| title_full_unstemmed | Beef Producer Alliance Preferences for Vertical Coordination: A Bivariate Nested Panel Probit Approach |
| title_short | Beef Producer Alliance Preferences for Vertical Coordination: A Bivariate Nested Panel Probit Approach |
| title_sort | beef producer alliance preferences for vertical coordination a bivariate nested panel probit approach |
| topic | cognitive survey burden conjoint analysis participation fees perceived attribute value stated preferences |
| url | https://ageconsearch.umn.edu/record/281318 |
| work_keys_str_mv | AT ibrahimasall beefproduceralliancepreferencesforverticalcoordinationabivariatenestedpanelprobitapproach AT russelltronstad beefproduceralliancepreferencesforverticalcoordinationabivariatenestedpanelprobitapproach AT satheesharadhyula beefproduceralliancepreferencesforverticalcoordinationabivariatenestedpanelprobitapproach |