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| Adam, Brian D.; Hong, Seung Jee. |
| Previous research found that country elevators that are the first in their area to grade wheat and pay quality-adjusted prices would receive above-normal profits at the expense of their competitors. Because of spatial monopsony, these early-adopting elevators would pass on to producers only 70% of the quality-based price differentials received from next-in-line buyers. If competing elevators also adopted these practices, profits for all elevators would return to near normal, and elevators would pass on to producers nearly all price differentials received from next-in-line buyers. However, that research could not explain why more elevators were not becoming "early adopters" by paying quality-adjusted prices. More recent research found that producers' risk... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries; Demand and Price Analysis. |
| Ano: 2001 |
URL: http://purl.umn.edu/18957 |
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