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Quality Pricing in U.S. Soybean Exports AgEcon
Lyford, Conrad P.; Yumkella, Kandeh K.; Mercier, Stephanie; Hyberg, Bengt.
This paper examines quality-price relationship in U.S. soybean exports. Implicit prices for quality characteristics of U.S. soybean exports were estimated using a hedonic price function from a rich transaction-specific data set to major destination markets to test the efficiency of the market in transmitting preferences for quality. The results of this analysis suggest that the price of soybean export shipments was not affected by the oil and protein content of the soybeans. Moisture content was surprisingly found to positively affect price while foreign material reduced price after the 1989-1990 marketing year. These results are discussed for their implications for existing, and proposed changes to existing, soybean market regulation.
Tipo: Journal Article Palavras-chave: Soybeans; Quality; Hedonic price analysis; Agribusiness; Crop Production/Industries; Demand and Price Analysis.
Ano: 1997 URL: http://purl.umn.edu/90405
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NONCOMPETITIVE PRICING AND EXCHANGE RATE PASS-THROUGH IN SELECTED U.S. AND THAI RICE MARKETS AgEcon
Yumkella, Kandeh K.; Unnevehr, Laurian J.; Garcia, Philip.
A "pricing to market" international trade model is applied to U.S. and Thai rice exports to high and middle income countries that are continuous rice importers. These markets are characterized by strong quality preferences and highly inelastic demand, and thus exporters may exercise market power. Evidence of noncompetitive pricing either through price discrimination across destinations or through imperfect exchange rate pass-through is found in this small but growing segment of the international rice trade.
Tipo: Journal Article Palavras-chave: Exchange rates; Imperfect competition; International trade; Rice; International Relations/Trade.
Ano: 1994 URL: http://purl.umn.edu/15183
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