Announcements for Friday, April 15, 2011
News
- Economics students to discuss national debt with Concord Coalition experts
A group of economics students from Iowa's three public universities will discuss the nation's ballooning federal debt with a panel of esteemed economists being brought to campus by The Concord Coalition on April 13 at the University of Iowa. Read more about this through a news release from the University of Iowa News Services.
- "Active engagement" is focus for new GSB President (Ag Econ/Econ major) Hoben

Ag Business/Economics major Dakota Hoben was recently voted Government of the Student Body President for the 2011-2012 school year.
Hoben, a senior who served in the student Senate for two years, and says that the focus for his coming term will be on "active engagement" with the student body.
“I really believe in serving constituents and bringing their ideas to the forefront,” says Hoben. He and Vice President Jared Knight will attend two campus club meetings per month as part of their outreach strategy, and request student Senators make a similar commitment.
"I think the reason why people supported us is that we really made an effort to be amongst the student body rather than holding ourselves above,” he says. “Our role is really to serve as an outlet for communication.”
One issue that Hoben will work on is changing testing policies during “dead week.” During the campaign, he says many students talked to him about their frustration that the week is often used for additional testing, when the time is intended for final exam preparation. “It’s too stressful for students to manage both,” he says.
He'll also continue to make progress on projects started by the previous administration, including the rollout of a student financial literacy program, communications regarding Campustown changes, and ongoing conversations over tuition increases with the Board of Regents.
Hoben is originally from Grandview, Iowa. He plans to enter the agribusiness industry when he graduates, but with a new focus on governance, he’s also considering possible work in ag policy. “I enjoy serving as an advocate,” he says.
- Monday's Department Seminar:"Consumer Valuation of Safety Labeled Chicken: Results of a Field Experiment in Ha Noi," with Jennifer Ifft, University of California Berkeley
Jennifer Ifft is a PhD Candidate in the Agricultural and Resource Economics Department at the University of California Berkeley. She grew up in central Illinois, where her family still operates a grain and hog farm. As an undergraduate, she studied in the Agricultural and Consumer Economics Department at the University of Illinois at Urbana-Champaign. Before attending the University of Cambridge for an MPhil in Land Economy, she spent a summer working with the Value Project, an agricultural extension initiative at UIUC. She has worked for the World Bank on agricultural development projects in East Asia, with a focus on the livestock sector. During her PhD studies, she designed and implemented field experiments to measure demand for free range poultry certification in urban areas of Viet Nam as a part of DFID and FAO research and policy advisory work on pro-poor avian influenza risk reduction strategies. She has also studied how small scale poultry producers change their production practices after avian influenza outbreaks and analyzed poultry market and supply chain structure in Viet Nam. Her recent work with the Economic Research Service has involved analyzing different factors influencing farmland values.
Abstract: This paper presents results of a field experiment I designed and implemented to assess willingness to pay for safely produced free range chicken in Ha Noi, the capital of Viet Nam. Improved safety of chicken production and trading is suggested as an important component of avian influenza control strategy, which aims to address the direct costs of avian influenza as well as the global public health externality. However consumer demand for safer free range chicken is unknown. Products that have credible food safety claims are not common in the traditional markets where the majority of free range chicken is purchased. Valuing charactersitics of products sold in informal markets is a major challenge that my experiment overcomes. As part of the experiment, I provided several vendors from these markets with branded, safety-labeled free range chicken and consumers were given coupons that enabled them to choose between thischicken and regular unbranded free range chicken. Results indicate consumers will pay at least $0.50, or a 10-15 percent premium, per chicken purchase for safety labeling which emphasizes safe production, processing and transport conditions. Safety labeling hence can play a role in improving policies related to livestock disease and public health.
- Tuesday's Department Seminar: "The Role of Exclusive Licensing in Diffusion of Academic Patented Inventions," with Kyriakos Drivas, University of California, Berkeley
Kyriakos Drivas will complete his PhD in Agricultural and Resource Economics from the University of California-Berkeley. The focus of his dissertation has been on the management of university technologies, and descriptive findings have been published by the National Academy of Sciences. He has presented at a number of conferences, acted as a reviewer for Applied Economics and European Review of Agricultural Economics. He has published on the subject of cooperatives in the Journal of Agricultural Economics and the Journal of Rural Cooperation, and on political economy/finance in Ekonomia.
Abstract: This project tries to assess the role of exclusive licensing in diffusion of academic patented inventions. The metric for follow-on research employed is the patent citations the academic patent receives. This projects tests two long standing hypotheses/beliefs that are at the core of the discussion regarding the management of academic technologies. Namely, whether exclusive licensing motivates licensees to undertake research on the academic patent and whether exclusive licensing discourages non-licensees to use the knowledge embedded in the academic patent. Results show that exclusive licensing increases licensee citations regardless of the technology field; in addition start-up licensees conduct more follow-on research than established firms licensees implying the involvement of the primary inventor in the start-up. Finally licensees acquire patents mainly in the same narrow technology field as the academic patent they build on. Moreover, we find that exclusive licensing increases non-licensee citations and therefore we conclude that this type of technology transfer functions as a signal to other firms rather as a discouraging factor. This signal may be of the quality of the patent and/or information that a competitor is working on a new research path and therefore other firms should also pursue this research agenda; we provide evidence to support the signaling explanation. We find that the increase of non-licensee citations is more prevalent for computers, communications, electronics and engineering related patents while we also find that non-licensees invent around the academic patent or use it in entirely different technology fields.
- Thursday's Behavioral/Experimental Workshop: "Team Diversity and Investment Decision Making Behavior" with Vicki Bogan, Cornell University
Vicki Bogan's research interests are in the areas of financial economics, behavioral finance, and applied microeconomics centering on issues involving investment decision making behavior and financial markets. She explores questions relating to investment decision making (corporate and individual) and household portfolio allocation with the goal of shedding light on how to better model observed behavior. Bogan received her PhD. in Economics from Brown University. She also holds and MBA in finance and strategic management from the Wharton School of the University of Pennsylvania and a BS in applied mathematics and economics from Brown University.
Abstract: We investigate whether the gender composition of a fund management team influences investment decision making behavior. Using an experimental economics approach, we examine the relationship between gender diversity and investment decisions. We find evidence that a male presence increases the probability of selecting a higher risk investment. However, the all male teams are not the most risk seeking. Moreover, having a male presence increases loss aversion. In the context of workforce composition, these results could have important implications for team investment decisions driven by the assessment of risk and return trade-offs.
- Student seminars this week
- Ruiqing Miao will present an Agricultural Economics Workshop/Econ 693 on the topic "Investment in Cellulosic Biofuel Refineries: Do Biofuel Mandates Matter?" on Wednesday, April 20, 4:10 - 5:30 pm, 368A Heady Hall.
- Ruiqing Miao will present an Agricultural Economics Workshop/Econ 693 on the topic "Investment in Cellulosic Biofuel Refineries: Do Biofuel Mandates Matter?" on Wednesday, April 20, 4:10 - 5:30 pm, 368A Heady Hall.
- Weekly media connections for the Department of Economics:
Information courtesy of Jackie King, ISU News Service
- Dave Swenson was interviewed by Katherine Bergstrom, a reporter writing for the Cedar Rapids Gazette, on the likely economic impact of the Iowa caucuses. This interview was based on Swenson’s research on the 2008 caucuses. Mel Crippen, morning host on KASI-AM in Ames, also interviewed Swenson about President Obama's deficit reduction plan and the rural economy.
- Chad Hartspoke Friday with Ian Berry, Dow Jones Newswire, and Stu Ellis, GrainNet, about the USDA’s latest supply and demand report. He also spoke with a reporter from Reuters about crop insurance.
- Chad Hart spoke with John Pocock of Corn and Soybean Digest about high crop prices and the differences between the 2008 and 2011 crop markets. He also talked to Matt Wilde of the Waterloo Courier about direct payments and the upcoming farm bill debate.
Conferences and Calls for Papers
- ZEW Conference "Economic Methods in Competition Law Enforcement"
Funding Opportunities
- Funding Opp: USAID Economic Research Partnership
- Funding opportunity - sustainable agriculture research & development
PURPOSE: to address issues of sustainable agriculture of current and potential importance to the North Central Region.
Proposed projects should include NCR-SARE’s broad-based outcomes including improving the profitability of farmers and associated agricultural businesses, sustaining and improving the environmental quality and natural resources base on which agriculture depends, impact of the project on farmers/ranchers, rural communities and society as a whole; and others as listed in the guidelines. It is strongly encouraged to involve farmers or other end-uses in the development of project ideas. The maximum project duration is up to 3 years. The total project cost for all years is limited to $200,000. See the guidelines for details:
http://www.northcentralsare.org/Grants; Pre-proposal deadline: June 9, 2011


