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THE EFFECT OF THE DISTRICT OF ORIGIN ON WOOL PRICES AgEcon
Whan, R.B..
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1965 URL: http://purl.umn.edu/22648
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THE NATURE OF PRICE MOVEMENTS DURING SINGLE SALES FOR THREE INDIVIDUAL WOOL TYPES SOLD IN SYDNEY AgEcon
Payne, R.A.; Whan, R.B..
Price series for three wool types sold in Sydney are tested for the presence of serial correlation using the von Neuman ratio. The results indicate that it is unusual to find significant serial correlation between prices during a single sale. These results have implications for the use of various statistical techniques in wool marketing research and for buying tactics in the market generally.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1971 URL: http://purl.umn.edu/22289
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A SIMULATED STUDY OF AN AUCTION MARKET AgEcon
Whan, R.B.; Richardson, Robert A..
A simulated model of an auction market is developed showing the relationship between the variation in valuations, the price variation and the number of independent bidders in the market. Average prices paid in a market with two or three bidders are less than average valuations. Average prices are progressively greater than average valuations as the number of bidders increases beyond four. Some applications of this model in the Australian wool market are discussed.
Tipo: Journal Article Palavras-chave: Marketing.
Ano: 1969 URL: http://purl.umn.edu/23005
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