Beef producer alliance preferences for vertical coordination: A bivariate nested panel probit approach

Research output: Contribution to journalReview article

Abstract

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.

Original languageEnglish (US)
Pages (from-to)164-178
Number of pages15
JournalJournal of Agricultural and Resource Economics
Volume44
Issue number1
StatePublished - Jan 1 2019

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beef
antibiotics
vaccination
animals
Vertical coordination
Beef
Alliances
Probit

Keywords

  • Cognitive survey burden
  • Conjoint analysis
  • Participation fees
  • Perceived attribute value
  • Stated preferences

ASJC Scopus subject areas

  • Animal Science and Zoology
  • Agronomy and Crop Science
  • Economics and Econometrics

Cite this

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title = "Beef producer alliance preferences for vertical coordination: A bivariate nested panel probit approach",
abstract = "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.",
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author = "Ibrahima Sall and Tronstad, {Russell E} and Aradhyula, {Satheesh V}",
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T2 - A bivariate nested panel probit approach

AU - Sall, Ibrahima

AU - Tronstad, Russell E

AU - Aradhyula, Satheesh V

PY - 2019/1/1

Y1 - 2019/1/1

N2 - 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.

AB - 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.

KW - Cognitive survey burden

KW - Conjoint analysis

KW - Participation fees

KW - Perceived attribute value

KW - Stated preferences

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