Product and Exchange of Attributes in Defining Boundaries for Value-Added Corn and Soybean Markets
Bender, Karen L.
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https://hdl.handle.net/2142/77484
Description
Title
Product and Exchange of Attributes in Defining Boundaries for Value-Added Corn and Soybean Markets
Author(s)
Bender, Karen L.
Issue Date
2001
Doctoral Committee Chair(s)
Westgren, Randall E.
Department of Study
Theoretical and Applied Mechanics
Discipline
Theoretical and Applied Mechanics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Business Administration, Management
Economics, Agricultural
Language
eng
Abstract
This dissertation examines three issues related to the determination of product and market boundaries in agricultural markets. In the first paper, we use an estimated processed valuation model and quality data obtained from international processors, to examine whether soybean quality attributes significantly differ both within and across major exporting countries. In the second paper, social construction theory is used to analyze the potential market boundaries for markets that incorporate or exclude genetically modified soybeans. The model identifies linkages among social groups involved in the discourse around the adoption of genetic modification and the problems resulting from the new technology. In the third paper, transaction costs necessary for maintaining separate market channels for identity preserved corn and soybean crops are measured at the producer and first-handler level. An analysis of transaction costs shows that both producers and handlers can be grouped according to their involvement with value-added crops, their use of contracting and specification of contract attributes, and the level and composition of transaction costs arising from different groupings.
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