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MANDATORY VERSUS VOLUNTARY PRICE REPORTING: AN EMPIRICAL INVESTIGATION OF THE MARKET TRANSPARENCY CONTROVERSY AgEcon
Fausti, Scott W.; Keimig, R.; Diersen, Matthew A.; Kim, Han; Santos, Joseph M..
The ability of the former voluntary price reporting system to generate market transparency in U.S. livestock markets was called into question by producer groups and academic research prior to the new federal system of mandatory price reporting being implemented. The market transparency issue is investigated by comparing price data collected from the former AMS voluntary price reporting systems to mandatory price reporting data for live slaughter steers collected by the State of South Dakota before the advent of the new federal system. The relationship between a set of public price report series and the South Dakota mandatory price series is analyzed using cointegration techniques. The empirical findings indicate a strong long-run and short-run...
Tipo: Working or Discussion Paper Palavras-chave: Demand and Price Analysis.
Ano: 2002 URL: http://purl.umn.edu/32024
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MANDATORY VERSUS VOLUNTARY PRICE REPORTING: AN EMPIRICAL INVESTIGATION OF THE MARKET TRANSPARENCY CONTROVERSY AgEcon
Fausti, Scott W.; Keimig, R.; Diersen, Matthew A.; Kim, Han; Santos, Joseph M..
The ability of the former voluntary price reporting system to generate market transparency in U.S. livestock markets was called into question by producer groups and academic research prior to the new federal system of mandatory price reporting being implemented. The market transparency issue is investigated by comparing price data collected from the former AMS voluntary price reporting system to mandatory price reporting data for live slaughter steers collected by the State of South Dakota before the advent of the new federal system. The relationship between a set of public price report series and the South Dakota mandatory price series is analyzed using cointegration techniques. The empirical findings indicate a strong long-run and short-run integrated...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2003 URL: http://purl.umn.edu/35139
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