WorldCat Identities

Hennessy, David A.

Overview
Works: 77 works in 100 publications in 1 language and 375 library holdings
Roles: Author
Classifications: HB172, 338.50151
Publication Timeline
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Most widely held works about David A Hennessy
 
Most widely held works by David A Hennessy
Applications of contingent claims theory to microeconomic problems by David A Hennessy( Book )

3 editions published between 1993 and 1995 in English and held by 88 WorldCat member libraries worldwide

The EC livestock sector : policy, trade, and research by Dermot James Hayes( Book )

2 editions published in 1994 in English and held by 11 WorldCat member libraries worldwide

The budgetary and resource allocation effects of revenue assurance by David A Hennessy( Book )

2 editions published in 1995 in English and held by 10 WorldCat member libraries worldwide

The structure of EC agriculture : implications for CAP reform and GATT by Patrick C Westhoff( Book )

2 editions published between 1991 and 1992 in English and held by 8 WorldCat member libraries worldwide

An econometric analysis of the impact of changes in the EC's milk quota by David A Hennessy( Book )

2 editions published in 1994 in English and held by 8 WorldCat member libraries worldwide

Seasonality, capital inflexibility, and the industrialization of animal production by Jutta Roosen( Book )

2 editions published in 2004 in English and held by 6 WorldCat member libraries worldwide

Modeling interdependent participation incentives : dynamics of a voluntary livestock disease control program by Tong Wang( Book )

2 editions published in 2011 in English and held by 6 WorldCat member libraries worldwide

This paper models producers' interdependent incentives to participate in a voluntary livestock disease control program. Under strategic complementarity among participation decisions, after a slow start momentum can build such that market premium for participation and participation rate increase sequentially. Non-participation, partial participation and full participation can all be Nash equilibria while participation cost heterogeneity will dispose the outcome toward incomplete participation. We find plausible conditions under which temporary government subsidies to the least cost-effective producers causes tipping toward full participation. Applying parameters from the literature on Johnes' disease, we illustrate factors that may affect participation. These include cost heterogeneity and program effectiveness
Pass-through in United States beef cattle prices by Huan Zhao( Book )

2 editions published in 2009 in English and held by 5 WorldCat member libraries worldwide

Where are the veterinarian shortage areas anyway? by Tong Wang( Book )

2 editions published in 2010 in English and held by 5 WorldCat member libraries worldwide

This paper describes an econometric model to evaluate factors associated with a county's likelihood of being designated as a private practice shortage area under the United States' Veterinary Medicine Loan Repayment Program (VMLRP). Study determinants of equilibrium food animal veterinarian location choices were also evaluated and used as a benchmark to assess the shortage designation process. On the whole the program appears to perform quite well. For several states, however, VMLRP shortage designations are inconsistent with the model of food animal veterinarian shortages. Comparative shortage is generally more severe in states that have no VMLRP designated private practice shortage counties than in states that do
A paradox for agro-environmental land policy by David A Hennessy( Book )

2 editions published in 2009 in English and held by 5 WorldCat member libraries worldwide

A regulator with a fixed budget to spend on securing environmental benefits from farmed land has to choose between how many acres to enroll and the extent of benefits to require of each enrolled acre. Here we consider, given heterogeneous land, what properties of the environmental benefit-to-cost ratio imply for the choice of optimal program as the available budget varies. Conditions are found such that a program of high benefits on few acres is preferred for any budget level. It is also possible that a program delivering low benefits per acre at low cost is preferred on each land type, and yet a high benefit program is optimal policy, a variant of Simpson's paradox
Investment in cellulosic biofuel refineries : do renewable identification numbers matter? by Ruiqing Miao( Book )

2 editions published in 2010 in English and held by 5 WorldCat member libraries worldwide

A floor and trade policy in Renewable Identification Numbers (RINs) is the market mechanism by which U.S. biofuel consumption mandates are met. A conceptual model is developed to study the impact of RINs on stimulating investment in cellulosic biofuel refineries. In a two-period framework, we compare the first-period investment level (FIL) in three scenarios: (1) laissez-faire, (2) RINs under a nonwaivable mandate (NWM) policy, and (3) RINs under a waivable mandate (WM) policy. Results show that when firm-level marginal costs are constants, then RINs under WM policy do not stimulate FIL but they do increase the expected profit of more efficient investors. When firm-level marginal costs are not constants, however, RINs under WM policy stimulate FIL. RINs under NWM policy may or may not stimulate FIL, depending on the distribution of second-period cellulosic biofuel prices and on firm-level marginal costs
Testing Day's conjecture that more nitrogen decreases crop yield skewness by Xiaodong Du( Book )

2 editions published in 2010 in English and held by 5 WorldCat member libraries worldwide

While controversy surrounds skewness attributes of typical yield distributions, a better understanding is important for agricultural policy assessment and for crop insurance rate setting. Day (1965) conjectured that crop yield skewness declines with an increase in low levels of nitrogen use, but higher levels have no effect. In a theoretical model based on the law of the minimum (von Liebig) technology, we find conditions under which Day's conjecture applies. Employing four experimental plot datasets, we investigate the conjecture by introducing (a) a flexible Bayesian extension of the Just-Pope technology to incorporate skewness, and (b) a quantile-based measure of skewness shift. For corn yields, the Bayesian estimation provides strong evidence in favor of negative skewness at commercial nitrogen rates and for Day's conjecture. There was weaker evidence in favor of positively skewed cotton yield and little evidence in favor of the conjecture. The results are also confirmed by the quantile-based measure
Animal disease and the industrialization of agriculture by David A Hennessy( Book )

2 editions published in 2010 in English and held by 5 WorldCat member libraries worldwide

The industrialization of animal agriculture has fundamentally transformed animal health markets while animal health innovations have promoted this industrialization. The subtlety of these interactions shows how little we know about agricultural industrialization. To illustrate, we consider three stylized features of industrialized animal agriculture. These are the closing off of production activities from external effects, emphasis on control, and use of biosecurity measures. We find that animal disease externalities should lead to higher stocking on any given farm, and also to deficient entry into animal production. Eradicating the disease in a region increases both the stocking rate per farm and the number of farms. We show that antibiotics as a control strategy should promote intensity of production and the substitution of capital for labor. Also, in long-run market equilibrium a reduction in the price of a biosecurity input could plausibly reduce both operation scale and per-animal input use, i.e., biosecurity inputs can behave like a Giffen good. External biosecurity inputs provided through public animal disease management policy may promote on-farm biosecurity, rather than crowd it out
Effects of site-specific management on the application of agricultural inputs by David A Hennessy( Book )

1 edition published in 1996 in English and held by 5 WorldCat member libraries worldwide

Buying ecological services : nature's harmonies, fragmented reserves and the agricultural extensification debate by David A Hennessy( Book )

2 editions published in 2008 in English and held by 5 WorldCat member libraries worldwide

Land retirement program design in the presence of crop insurance subsidies by David A Hennessy( Book )

2 editions published in 2009 in English and held by 5 WorldCat member libraries worldwide

The U.S. federal government implements environmental, biofuels and crop insurance programs that influence land use. They are not well integrated in that cost savings from crop insurance subsidies are not acknowledged when screening land for retirement or when calculating the cost of land retirement programs. We identify and evaluate an optimal benefit index for enrollment in a land retirement program that includes a sub-index to rank land according to insurance subsidy savings. All else equal, land ranked higher in the Lorenz stochastic order should be retired first
Biosecurity and infectious animal disease by David A Hennessy( Book )

2 editions published in 2005 in English and held by 5 WorldCat member libraries worldwide

The planting real option in cash rent valuation by Xiaodong Du( Book )

2 editions published in 2008 in English and held by 4 WorldCat member libraries worldwide

After entering into farmland rental contracts in the fall, a tenant farmer has the planting flexibility to choose between corn and soybeans. Failure to account for this switching option will bias estimates of what farmers should pay to rent land. Applying contingent claims analysis methods, this study explicitly derives the real option value function. Comparative statics with respect to the volatilities of underlying state variables and their correlations are derived and discussed. Dynamic hedging deltas in this real option context are also developed. Monte Carlo simulation results show that the average cash rent valuation for the real option approach is 11% higher than that for the conventional net present value (NPV) method. The simulated dynamic hedging deltas are shown to differ from the ones implied by the NPV method
Economic aspects of agricultural and food biosecurity in the United States by David A Hennessy( Book )

2 editions published in 2007 in English and held by 4 WorldCat member libraries worldwide

Concerns about biosecurity in the food system raise a variety of issues about how the system is presently organized, why it might be vulnerable, what one could reasonably do to better secure it, and the costs of doing so. After presenting some facts about U.S. agriculture and food, this paper considers three economic aspects of the general problem. One is the global problem, or the way biosecurity measures can affect how countries relate to each other and the global consequences that result. Another is how to best manage the immediate aftermath of a realized threat in order to minimize damage. The third is how to seek to prevent realization of the threat. Some policy alternatives are also presented
Contract and exit decisions in finisher hog production by Fengxia Dong( Book )

2 editions published in 2008 in English and held by 4 WorldCat member libraries worldwide

Finisher hog production in North America has seen a shift toward larger production units and contract-organized production since around 1990. Given the efficiency gains and conversion costs associated with contract production, growers may have to choose between long-term commitment through investments and atrophy with intent to exit in the intermediate term. A model is developed to show that growers with any of three efficiency attributes (lower innate hazard of exit, variable costs, or fixed contract adoption costs) are not only more likely to contract but will also produce more and expend more on lowering business survival risks. Using the 2004 U.S. Agricultural Resource Management Survey for hogs, a recursive bivariate probit model is estimated in which exit is affected directly and also indirectly through the contract decision. It is confirmed that contracting producers are less likely to exit. Greater specialization and regional effects are important in increasing the probability of contracting. More education, having non-farm income, and older production facilities are significant factors in increasing the expected rate of exit. The findings suggest further exits by non-contract producers
 
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English (43)

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