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Economics

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Theses/Dissertations

Economics

Graduate Theses and Dissertations

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New Models To Estimate Costs Of Us Farm Programs, Xiaohong Zhu Jan 2016

New Models To Estimate Costs Of Us Farm Programs, Xiaohong Zhu

Graduate Theses and Dissertations

In this study, I extended the stochastic model built by Babcock and Paulson (2012) to conduct a one-year cost projection for crop insurance in order to investigate its feasibility of being solely provided by private firms. Based on the 52 years’ yield data from 1961 to 2012, the risk consequences from insuring crop yield and revenue against losses are estimated to be far beyond what private insurers could bear on their own. However, reinsurance from the government provides an attractive incentive to insurance firms. Among the six insurance policies researched in this study, the minimum expected net underwriting gains to ...


Three Essays On Modeling Biofuel Feedstock Supply, Wei Zhou Jan 2015

Three Essays On Modeling Biofuel Feedstock Supply, Wei Zhou

Graduate Theses and Dissertations

The general theme of this dissertation is modeling biofuel feedstock supply. All three essays focuses on different topics relating to the theme. The first essay considers supply of corn stover for a commercial production of a cellulosic ethanol plant. The economic trade-offs in determining the plant size under uncertain future corn stover yields and cellulosic ethanol prices are analyzed. We also estimate the impacts on optimal plant sizes under two payment schemes for corn stover procurement: plant pays for transportation cost and farmers pay for the transportation cost. My second essay analyzes the impact of ethanol mandates on corn prices ...