Experiments Station Service Project Update and Annual Report 200

ANNUAL RESEARCH ACTIVITIES, 2007 DEPARTMENT OF ECONOMICS UTAH STATE UNIVERSITY Abstract- The research activities described in this document were supported by the Utah State University E

Utah State University

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2008

Experiments Station Service Project Update and Annual Report,

2007

DeeVon Bailey

Utah State University

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EXPERIMENT STATION SERVICE PROJECT UPDATE AND

Project Number:

Project Title:

Project Leader:

UTA 686

EconOlrucs Research Institute

Dee Von Bailey

The objectives of this project have not changed from last year

ANNUAL REPORT

1 Plan of Work for 2008

PubliC'Cltiol1S -It is anticipated that faculty associated with the ERI will publish at least 30 refereed manuscripts

during 2008 The ERI will make a more concerted effort to ensure that all manuscripts submitted for publication are considered for inclusion in the ERI Study PapelS series and that abstracts of tll.e ERI Study Paper manuscripts are posted on tll.e Economics Department Internet site

Conference P resentations, S ymposia, S eminarJ, and 1 P'orkshops -It is anticipated that faculty associated with the ERI

will present at least 25 invited papers at regional, ational, or international conferences during 2008 It is expected that the Economics Department Research Committee will arrange for three seminars featuring

prominent sch lars who will introduce methodological innovations or foster collaborative research

opportunities

SponJored ReJ earch Ex tramural funds are crucial for maintenance and expansion of tll.e Department's graduate programs It is expected tll.at faculty will prepare and sublrut at least 25 proposals for extramural funding during 2008

Graduate S tudent R esearc h Graduate students provide valuable support for faculty research projects First year

students provide labor necessary to data collection and data exploration associated with applied projects

Advanced students can be supervised in estimations and analyses that fulfill thesis requirements and to contribute to larger research undertakings \Y/e anticipate providing about 10 PhD and 10 MS student stipends

with a combination ofERI and extramural funds during 2008 No new Ph D students will be admitted to

the program for fall 2008 The reason for this is tll.e continued uncertainty regarding curriculum and faculty teaching responsibilities for Ph D courses when a split in the department into business and agricultural united is completed

2 Publications Resulting from Activity Supported in Part by the ERI during 2007

See attached

3 Summary of Major Accomplishments During 2007

The Plan of\Y/ork for 2007 established research publication goals of at least 30 refereed publications and 30

ERI Study Papers During 2007, eco omics faculty had 16 refereed publications and 15 manuscripts accepted for refereed publication in 2007; and 5 books, book chapters and other refereed manuscripts jJ-lblished In additi n, faculty prepared 4 ERI Study Papers and 6 technical memoranda, reports, and other publications Faculty and students associated with the ERI currently have 18 manuscripts undergoing journal review The Plan of Work for 2007 set dissemination/professionalpresentationgoals of25 invited or selected papers

at professional meetings, and an active department seminar series involving faculty and invited speakers

Economics faculty and students made 34 presentations at Regional, National, and International Conferences

The Plan of\V'ork for 2007 set a goal that ERI faculty would prepare and submit at least 25 proposals for extramural funding During 2007, the Economics faculty participated on 24 separate sponsored research projects with total funding of $4,352,870

During 2007, faculty participation on 16 PhD and 35 NIaster's committees was supported with a combination

ofERI project funds and funding from sponsored research projects associated with the ERI These students were assigned to work on UAES projects or other sponsored research projects

4 Facility Upgrades or Changes

n/a

Dean, College of Agriculture

Associate Director, Agricultural Experiment Station

Date

ANNUAL RESEARCH ACTIVITIES, 2007

DEPARTMENT OF ECONOMICS UTAH STATE UNIVERSITY

Abstract- The research activities described in this document were supported by the Utah State University

Economics Research Institute in 2007 The Economics Research Institute was founded in 1965 to provide training opportunities for graduate students and to assist in the solution oflocal, regional, and national economic problems

UAES has provided ongoing support for the ERr since 1972 under project number UTA-686 The project has

provided the Department of Economics 'with resources to search out new developments in economics to analyze new and complex issues in public and private decision making processes Boldface type is used to identify Utah State University Economics Departn1ent faculty and specialists; student names are underlined

Faculty & Specialists

DeeVoll Bailry, Professor and Interim Department I - lead; PhD, Texas A&M University, 1983; agricultural economics and community development

NIarion T Bentlry, Extension Specialist, Director of Extension Business and Economic Development Services, and Coordinator of Extension Innovation Centers; MPA; New York University, 1970; rural and economic development and human resource development

BaJtlrieu BisJvas, Professor; PhD, University of Chicago, 1976; international trade and econometrics

Tyler j BOlvleJ, Professor; PhD, University of orth Carolina, 1991; econometrics and international economics

A1thtlr j Caplan, Associate Professor; PhD, University of Oregon, 1996; environmental economics

Christopber Fawson, Professor and r \ssociate Dean, Huntsman School of Business; PhD, Texas r\.&M University, 1986; labor economics, microeconomic theory, public fmance, and econometrics/statistics

Dillon lv1 F etl':0 Professor; PhD, Colorado State University, 1990; production and finance, marketing and price analysis

Jobl1 P Giluert, Associate Professor; PhD, University of Auckland, 1998; international trade theory and applied general equilibrium

m odeling

Terrell ce F Glove1 " , Professor; PhD, Purdue University, 1971; applied macroeconomics and policy

E Bmce Gor!fr ry, Professor; PhD, Oregon State University, 1971; natural resource economics, agricultural economics, farm management and finance resource use and policy

L Dwigbt braelJel7, Professor; PhD, Massachusetts Institute of Technology, 1979; comparative systems, economic history, and economic

thco r y

Palll Nl Jaklls, Professor; PhD, orth Carolina State University, 1992; natural resource and environmental economics, and nonmarket valuation

John E Keitb, Professor; PhD, Utah State University, 1973; resource and environmental economics, and regional development

~fl: Crls utvis, Professor; PhD, Iowa State University, 1969; regional urban economics, human resource, and managerial economics

Kenneth S Lyon, Professor; PhD, University of Chicago, 1970; economic theolY, mathematical economics, and resource economics

Reza Olar/i, Assistant Professor; PhD, McGill University, 2000; International trade and finance, game theory and applications

H Craig Petersen, Professor and Director of Analysis, Assessment & Accreditation; PhD, Stanford University, 1973; regulation and antitrust, and m;1nagcrial economics

DOl7a/rf L S, !} rier , Professor and College of Agriculture Associate Dean for Academic Programs; PhD, Utah State University, 1979; agricultural and resource economics

Rllf(y A ~l7ard, Associate Professor; PhD, Texas A&M University, 1998; agribusiness management, operations research, and decision making at the fum level

PUBLICATIONS

Refereed Journal Publications

Banik, N., and B Biswas 2007 Exchange Rate

Economics and Finance 16:223-236

Distinguishing Between Equitable Remedies and

Economics (forthcoming)

Bowles, T.J., and D.S Bosworth Online Enrollment

and Student Achievement: A Treatment Effects

Model P erspectives on Economic Education

Bowles, T.J., A McCoy, and S Bates The Effect of

Supplemental Instruction on Timely Graduation

College Student Journal (fOlihcoming)

Feuz, D.M., W 1 Umberger, C.R Calkins

2007 "The Potential for Canadian Branded Beef

Steaks In the U.S Market: Results from an

Experimental Auction" forthcoming, Current

Agriculture, Food & resource issues

Effect of Conifer Encroachment Into AspEn Stands on

Understory Biomass By: Barton R Starn, John C

Rangeland Ecology and Management (to be

published in 2008)

[sraelsen, L.D., R.D Israelsen, and W.J Israelsen

FOlihcoming2008 Detenninants of migration between

mountain states counties The Journal of the Utah

Academy of Sciences, Arts, and Letters 84 (2007)

Israelsen, L.D., R.D Israelsen, and K.E Israelsen

F Olihcoming 2008 Determinants oflife expectancies in

mountain states counties The Journal of the Utah

A cademy of Sciences, Arts, and Letters 84 (2007)

Israelsen, W.J., L.D israelsen, and R.D Israelsen

December 2007 Migration turnover rates in mountain

states counties The Journal of the Utah Academy of

Sciences, Arts, and L ette rs 83 (2006):64-82

Whyte, A.1., L.D Israelsen, and R.D Israelsen

mortality in mountain states counties The Journal of

(2006):83-107

Swain, Edward B., Paul M Jakus, Glenn Rice,

Frank Lupi, Peter Maxson, Joseph Pacyna, Alan Penn, Samuel Spiegel, and Marcello Viega 2007 "Socioeconomic Consequences of Mercury Use and Pollution." Ambio, 36(1): 45-6l

Optimal Discounting of Benefits from Cleanup at Waste Sites Natural Resource Modeling 21 (1,

Spring)

OLAD! , REZ A , HAMID BELADI, AND NANCY CHA U

"MULTINATIONAL CORPORATIONS AND

EXPORT QUALITY " JOURNAL OF ECONOMIC

FORTHCOMING

Beladi, H., Oladi, R " Partial Compliance with International Economic Sanctions." Review

in 2007)

GILBERT, JOHN, AND REZA OL AD ! "A GEOMETRIC COMPARISON OF THE TRANSFORMATION LOCI WITH SPECIFIC AND MOBILE CAPITAL"

JOURNAL OF ECONOMIC EDUCA TlON

(FORTHCOMING)

Oladi, R., H Beladi "Non-traded Goods, Teclmical Progress and Real Wages." Open Economics Review, forthcoming (accepted in2007)

Gilbert, J., R Oladi, "Capital Specificity, Imperfect Labor Mobility and Growth in Developing

Economics." International Review of Economics and Finance, forthcoming, (accepted in 2007)

BELADI, HAMID, AND REZ A OL AD ! "DOES

FOREIGN AID IMPEDE FOREIGN DIRECT INVESTMEN1"?" IN:

SAJAL LAHIRI, FRONTIERS OF ECONOMICS AND

GLOBLIZATION: THEORY AND PRACTICE OF FOREIGN AID (INVITED VOLUME SERIE~,

2007,55-63

OLADJ, REZA, H BELADf "MIGRATION AND REAL

WAGES." ECONOMICS BULLETIN 6, 2007,1-8

GILBERT, 1., OLADJ, R "SIMULATING TARIFFS VS

Q UOT AS WITH DOMESTIC M ONOPOL Y " B.E

2007, ARTICLE 1

M Harris and Rimma Shiptsova "Consumer

Demand for Convenience Foods: Demographics

and Expenditures." Submitted to the Journal of

Food Di stributio n R esearc h accepted for

publication, 2007

Caplan, Arthur J., Douglas Jackson-Smith, and

Sandra Marquart-Pyatt (in press) "Does

'Free Sampling' Enhance the Value of Public

Goods?" A pplied Economics Letters

Aadland, David M., Arthur J Caplan, and Owen R

Phillips (in press) "A Bayesian Examination of

Information and Uncertainty in Contingent

Valuation." Journal of Risk and Uncertainty

Caplan, Arthur J and John Gilbert (in press) "D

is For Dillydally?" Applied Economic Letters

Bohara, Alok K., Arthur J Caplan, and Therese

Grijalva (in press), "The Effect of Experience and

Quantity-Based Pricing on the Valuation of a

Curbside Recycling Program." Ecological

E conomics

Sasaki, Yuya and Arthur J Caplan (in press),

"Matching Heterogeneous Traders in

Quantity-Regulated Markets." Journal of Computational

Caplan, Arthur J and Emilson C.D Silva (2007)

"An Equitable, Efficient, and Implementable Scheme

to Control Global Carbon Dioxide Emissions."

263-279

Caplan, Arthur J., Therese Grijalva, and Douglas Jackson-Smith (2007) "Using Choice

Question Formats to Determine Compensable Values: The Case of a Landfill Siting

Process." Ecological E conom i cs, 60(4), 834-846

Bailey, DeeVon Political Economy of the U S Cattle and Beef Industry: Innovation Adoption and Implications for the Future Journal of Agricultural

403-416

Thor, Eric III, DeeVon Bailey, Alejandro R Silva, and Steven S Vickner "Economic Analysis of Incentives for Foreign Direct Investment in Beef Systems in Argentina and Uruguay." International Food and Agribusiness Management Review, 10,3(2007): 19-40

Vickner, S.S., D Bailey, and A Dustin

University-Retail Industry Partnerships as a Means to Analyze Consumer Response: The Case of Mad-Cow Disease Western Economics Forum, (Fall 2006): 36-40, publisbed in 2007

Books, Book Chapters, and Other Refereed Publications

Rimma Shiptsova, Co-author of Colander's

Principles of Micro test bank

Lewis, W Cris forthcoming Ethanol Production

Increases Risk for Dairy Producers Progressive

Dairyman January 2008

Chapman, Kim, D.R Zobell, E B Godfrey, D Feuz,

e.V Bagley, R.E Banner, T.D Cooper,

D Rothlisberger, R.M Nelson, and L.Greenhalgh

2007 Teaching Producers to Manage Risks

-The BeeHive Master Beef Program Proceedings of the

Western Section of the American Animal Science

Association S (WSASAS) 58:183-185

Griffin, W.A., T.J Klopfenstein, G.E., Erickson,

D.M Feuz, J.e MacDonald 2007

"Comparison of a Long Yearling System and Calffed

Performance and Economics." 2007 Nebraska Beef Report, Institute of Agriculture and Natural Resources, University of Nebraska-Lincoln MP90

Griffin, W.A., T.J Klopfenstein, G E Erickson,

D.M Feuz, K.J Vander Pol and M.A Greenquist

2007 "Effect of Sorting and Feeding Optaflexx on Performance and Economics of Long Yearling Steers." 2007 Nebraska Beef Report, Institute of Agriculture and Natural Resources, University

Of Nebraska-Lincoln, MP 90

Teclmical Publications, Project Reports, Conference Proceedings

Michael Pace, Lyle Holmgren, Grant Cardon, and

DeeVon Bailey "Corn yield Responses and

Profitability Relationship for different application

Levels and Formulations of Nitrogen

Fertilizers in proceedings Extension Annual Planning

and Professional Development Conferences, Logan,

Utah, March 6-8, 2007 (p.18)

Lyon, K.S 2007, Analysis of Pesticide Resistance in

a Two Sector Neoclassical Growth Model Paper

Presented at 2007 World Coriference on Natural

Resource Modeling, Cape Cod, Massachusettes, June

19-22

Bowles, D S., L R Anderson, T F Glover and S

Chauhan 2007 Impacts of Operating Restrictions at

Economic Research Institute Study Papers

Bailey, DeeVon 2006 Annual research activities,

2006 Economic Research Institute Study Paper ERI

07-00, Utah State Univeristy, Logan, UT

Jordan Carroll-Larson, and Arthur J Caplan

Estimating the Effectiveness ofa Vehicle Miles

Traveled Tax In Reducing Particulate Matter (PM 2 s)

Emissions Economic Research Institute Study Paper

ERI 07-01, Utah State University, Logan UT January

Wolf Creek Dam Report to the U.S Army Corps of Engineers, Nashville District November 2007 Glover, T.F., E.R Stafford and e.L Hartman 2007 The Introduction and Expansion of Renewable Energy Resources in Power Production: The Projected Impact on Utah Electricity Rates Report

To Utah Clean Energy July

Glover, T.F Economic Feasibilty of Anaerobic Digesters for Generating Electric Power for On-Farm Use and the Grid May, 2007

2007 50 pages Arthur J Caplan, Douglas Jackson-Smith, Sandra Maquart-Pyatt Does "Free-Sampling" Enhance the Value of Public Goods? Economic Research Institute Study Paper ERI 07-02, Utah State University, Logan

UT February 2007 22 pages Kenneth S Lyon A General Equilibrium Analysis

of Pesticide Resistance Economic Research Institute

Manuscripts in Review

Kaheil, Yasir H., DeeVon Bailey, M KashifGill,

Mac McKee, and Enrique Rosero R The Synthesis:

Long-Term Forecasting of Corn Cash Prices Using a

Synthetic Model of Support Vector Machines and

Wavelets In 15t review at Journal of Agricultural

Halverson, Gary, and DeeVon Bailey An

Animal identification Programs Research in

progress

Improving Basis Forecasting Techniques for Utah

Feeder Cattle Research in progress

Atwood, S.B., N McCoy, 1 Pfister, D Snyder, F.D

Provenza, and R E Banner Mitigating Financial and

Non-Financial Livestock Losses to Larkspur

Rangeland Ecology and Management (2007) 151

Revision, Resubmitted

Caplan, A.J., and J Gilbert 2007 Can Fighting

Economics

in a Model of Water Quality Trading

Resource Economics

Sarker, S , J Gilbert, R Oladi, "Asymmetric

Adjustment Costs in LDCs," resubmitted to the

Revie'vV of Development Economics

Oladi, R., H Beladi, J Gilbert, "Strategic

International Outsourcing," with, submitted to

Economic Theory

Oladi, R., J Gilbert, "Monopolistic Competition

Economic Review

Oladi, R., J Gilbert, H Beladi "Foreign Direct

Investment, Non-traded Goods and Wages," with,

Israelsen, L Dwight, and Karl E Israelsen 2007

6

UT March 2007 23 pages

Economic Education

Coleman, E.A and T F Glover 2007 A Comparison

of Demand-Side Water Management Strategies Using Disaggregate Data Water Policy (in review)

Glover, T.F 2007 In Line Supplier Oligopolies

Review of Industrial Organization (in review) Erickson, G E., D J Jordan, T Klopofenstein, D

M Feuz and J C MacDonald 2007 "A Comparison of a Long Yearling System and Calffed Performance and Economics." Submitted

to Professional Animal Scientist

Bowles "Globalization and Income Inequality

Policy

Atwood, S.B., N McCoy, F.D Provenza, D Snyder, and R.E Banner Should We Let the Buffalo Roam?

An Economic Analysis of Three Bison Feeding

revisions

D Snyder "Intensifying Beef Production on Utah Private Land: Productivity, Profitability, and Risk"

on 12/19/07 with Layne Coppock and three graduate students as co-authors

Non-Deliverable Forward Markets in Asia? With Kai-Li

Currently in 2nd revision

Bowles, Tyler J "The Use of Hindsight in Commercial Damages Analysis." Journal of Legal Economics

2007

Conference , Syn1posia, and Seminar Presentations

Tomorrow: consumer and Marketplace Insights

Long-term Forecasting of corn cash prices using a synthetic

mo el f suppoli vector machines and wavelets

Selected paper at the 18th lASTED International

and Steven S Vickner " Economic Analysis of

Incentives for Foreign Direct Investment in Beef

Systems in Argentina and Uruguay." Selected paper,

Best Paper (one of top eight papers of 226

A aricultural Marketing Programs.I::> " Paper presented at •

Symposium titled :Measuring the Impact of ExtensIOn

Annual meetings of the American

AaI::> ricultural Economics Association Portland,

Oregon July 31,2007

Bailey, DeeVon, "The Political Economy of the U.S

Beef Industry: Implications for the Future."

2007

Bailey, DeeVon, Alejandro R Silva, Eric Thor, III,

Incentivos para la Inversion Directa Extranjera en los

Sistemas Ganaderos de Argentina y Uruguay

Argentina October 17-19, 2007

Bailey, DeeVon Results of Economic Analyses

Relating to Traceability and the U S Food Industry

Presentation 2007 Keith, J E., P.Jakus, C Salinas, and L Summers

2007 Ken's Lake Visitor and Valuation Study Presented at the 2007 Annual Meeting of the Western Reaional Science AssociationI::> , Newport Beach, CA, February 22-24 2007

Estimate the impact of Drought on the Demand for Fishing Licenses in Utah," presented at International Symposium of Society and Natural Resource

Ken's Lake, Utah," presented at International

William 1 Israelsen Determinants of Migration

Economic Association International Conference,

Seattle, Washington, July 1,2007

Israelsen, L Dwight, Ryan D Israelsen, and Karl E

Economic Association International Conference,

of the Utah Academy of Sciences, Arts, and Letters,

Cedar City, Utah, April l3, 2007

Israelsen Determinants of Life Expectancies in

Meeting of the Utah Academy of Science , Arts, and Letters, Cedar City, Utah, April l3, 2007 (Best Paper Award, Business Division)

Glover, T.F 2007 The Steps to Water Quality Trading: a General Review Paper and Presentation at the Bear River Sy mposium, Logan, Utah, September

2007