Research Interests: Teaching and Learning, Higher Education, Economic Theory, Human Capital, Public Health, and 21 moreSecondary Education, Investments, Decentralization, Latin America, Savings, New Technology, Learning Environment, Developing Country, Primary Education, Unemployment Insurance, Quality of Education, Income, Latin America and the Caribbean, Health monitoring, University Education, Education System, Tertiary Education, Life Cycle Model, Physical Capital, Precautionary Saving, and Economies of Scale
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In the paper, alternative contractual arrangements between crop producers and processors are evaluated with a view of addressing the major issues present in peanut markets in the U.S., the major EU supplier of high quality peanuts. The... more
In the paper, alternative contractual arrangements between crop producers and processors are evaluated with a view of addressing the major issues present in peanut markets in the U.S., the major EU supplier of high quality peanuts. The issues are the thinness of the spot markets and the absence of quality premiums, both of which impair market efficiency. Results indicate that introducing contracts with a system of quality differentials creates incentives for producer self-selection to participate in the post harvest cash market. Moreover, in the presence of sufficiently high common production risk, tournament contracts are more efficient and preferred by the producers than the standard fixed premium schedules.
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December 1995Monetary and exchange rate policies have different effects on relative prices among economic sectors --- and thus significantly influence the real side of the economy.The hypothesis that the price adjustment to nominal shocks... more
December 1995Monetary and exchange rate policies have different effects on relative prices among economic sectors --- and thus significantly influence the real side of the economy.The hypothesis that the price adjustment to nominal shocks is instantaneous has been part of the monetarist approach explaining the inflationary process in Argentina.But Morisset and Revoredo argue that monetary and exchange rate policies have
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The purpose of this paper is to study the effect that the imminent reform in the European Union (EU) sugar regime may have on farm productivity in the United Kingdom (UK). We perform the analysis on a sample of sugar beet farms... more
The purpose of this paper is to study the effect that the imminent reform in the European Union (EU) sugar regime may have on farm productivity in the United Kingdom (UK). We perform the analysis on a sample of sugar beet farms representative of all the UK sugar beet regions. To estimate the changes in productivity, we estimate a multi-output cost function representing the cropping part of the farm, which is the component that would be mostly affected by the sugar beet reform. We use this cost function to compute the new allocation of outputs and inputs after the changes in the sugar beet quota and price support. This are subsequently used to compute measures of total factor productivity. Our results show slight decreases in the productivity at the individual farm level under both quota and price support reduction. However, when considering the aggregate level, the reduction in the price support shows significant increases in productivity, in contrast to the results obtained from a ...