Centro de Investigaciones Económicas - CINVE

Published Papers
  • Nitrous oxide emission reductions from cutting excessive nitrogen fertilizer applications

    06/2015

    Authors Francisco Rosas Bruce A. Babcock Dermot J. Hayes Author Affiliations 1. Universidad ORT Uruguay and Centro de Investigaciones Económicas (CINVE), Montevideo, Uruguay 2. Department of Economics, Iowa State University, USA 3. Department of Economics, Iowa State University, USA Abstract Farmers may choose to apply nitrogen fertilizer at a rate that exceeds the average ex post agronomically optimal rate when the yield response to nitrogen varies across growing seasons. Negative environmental consequences such as nitrous oxide (N2O) emissions and/or water pollution can result when all the applied nitrogen is not…

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  • Private Equity and Asset Characteristics: The Case of Agricultural Production

    08/2013

    Mondelli, M and P. Klein Managerial and Decision Economics, forthcoming Descarga/Download Unlike most other mature industries, the agricultural production sector is domi-nated by family firms, partnerships, and cooperatives, with few corporations and limited access to capital derived from a source other than retained earnings and existing owners. However, use of external equity capital in agriculture has in-creased dramatically since 1990. This funding source allows farms to exploit en-trepreneurial opportunities not easily financed by debt. Following Williamson (1988), we view debt and equity as alternative governance structures and argue that transaction…

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  • Sources of Firm Performance Differences in the U.S. Food Economy

    08/2013

    Chaddad, F. and M. Mondelli Journal of Agricultural Economics 2013, vol 64(2) (Abstract) Download/Descarga

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  • Private Equity and Entrepreneurial Governance: Time for a Balanced View

    P. Klein, J. Chapman, and M. Mondelli

    08/2013

    P. Klein, J. Chapman, and M. Mondelli Academy of Management Perspectives, Forthcoming (Abstract) Download/Descargar Private equity (PE) is best understood not as a financing method, but as governance structure, one that emphasizes strong performance incentives, rules over discretion, and a strong alignment between ownership and management. Briefly, PE governance makes owners into active managers and makes managers behave like owners. As such, PE is often regarded as a more “entrepreneurial” form of governance than that associated with the publicly traded corporation. We argue for a balanced view in which PE is…

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  • The role of asset specificity in financing choice in the agrifood sector

    08/2013

    Mondelli, M. and P. Klein. Revista de Economia e Administração – 2013 vol. 12 – n° 2 (Abstract)

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