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Provedor de dados:  AgEcon
País:  United States
Título:  Price Discovery in Nebraska Cattle Markets
Autores:  Stockton, Matthew C.
Bessler, David A.
Wilson, Roger K.
Data:  2010-02-02
Ano:  2010
Palavras-chave:  Bernanke factorization
Cattle prices
Cointegration
Directed acyclical graphs
Error correction
PC algorithm
Price discovery
Agribusiness
Demand and Price Analysis
Industrial Organization
Livestock Production/Industries
Production Economics
Research Methods/ Statistical Methods
C49
Q13
Resumo:  Monthly observations on prices from 10 weight/gender classifications of Nebraska beef cattle are studied in an error correction model (ECM) framework. This study attempts a replication of the 2003 paper on Texas prices by Bessler and Davis, where they find medium heifers (600–700 lb) at the center of price discovery. Using the ECM results Nebraska light steers are found to be weakly exogenous, with the innovation accounting results showing marked differences. Industry structure, production choices, and animal type and breeding herd differences between Texas and Nebraska are proposed as plausible reasons for partial (or incomplete) success at replication.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  http://purl.umn.edu/57149
Relação:  Journal of Agricultural and Applied Economics>Volume 42, Number 01, February 2010
Formato:  14
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