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| Registros recuperados: 15 | |
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| Ward, Clement E.. |
| Previous research has not addressed the impacts of alternative supply conditions on price discovery and pricing choice. This study estimated models with data from an experimental market, the Fed Cattle Market Simulator, encompassing live weight, dressed weight, and grid pricing under two alternative supply scenarios. Significance of variables explaining transaction price variation and pricing choice differed between the two supply periods. Overall results were close to expectations. Higher quality cattle marketed with a grid brought higher prices in both supply periods. Having lower quality cattle in either supply period increased the probability of cattle being marketed (purchased) on a live weight basis. |
| Tipo: Journal Article |
Palavras-chave: Experimental market; Fed cattle; Market simulator; Price discovery; Pricing choice; Pricing methods; Demand and Price Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/30974 |
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| Lee, Andrew C.; Kim, Man-Keun. |
| Locating fed cattle price discovery center is revisited using the framework that combines recent progress in causal research with time series analysis. The Bernanke factorization in innovation accounting is obtained by a graphical method called directed acyclic graph which uses data to identify the contemporaneous causal structure among the innovations. This may represent an improvement over the conventional methods which use human judgment and/or theory to supply such information. Results indicate that Kansas market is a dominant price leader where new information is discovered. Contrary to the previous studies, Nebraska market does not appear to be a price discovery location. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Fed cattle; Price discovery; Directed acyclic graph; Causality; Demand and Price Analysis. |
| Ano: 2007 |
URL: http://purl.umn.edu/9989 |
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| Peterson, Hikaru Hanawa. |
| As increasingly more transactions occur away from open markets, the so-called "thin" market issues arise. This paper analyzes unpublished transaction data from Egg Clearinghouse, Inc. (ECI), a marginal marketplace for eggs that trades 4% of all eggs (80% of eggs available for open trading). Results suggest that marginalized markets can serve as an inventory adjustment mechanism while maintaining the role of price discovery as a check for non-market prices. At ECI, most firms both buy and sell regardless of operational types, participation is balanced across all types of firms in the industry, and sellers in general yield to buyers' preferred terms of trade. |
| Tipo: Journal Article |
Palavras-chave: Eggs; Inventory adjustment; Organized market; Price discovery; Thin market; Agribusiness. |
| Ano: 2005 |
URL: http://purl.umn.edu/30981 |
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| Vickner, Steven S.; Koch, Stephen I.. |
| Building on the 1997 work of Chezum and Wimmer, and the 1998 work of Lansford, Freeman, Topliff, and Walker, we estimated a hedonic hammer price model on a random and representative sample of 212 yearlings from the 1999 Keeneland September Yearling Sale. Explanatory variables representing day of sale, age of yearling, stud fee, racing performance of sire and dam, geographic origin of yearling, and yearling health information were statistically significant. In each model, we failed to reject the null hypothesis of no adverse selection; sellers who breed and race horses did not receive a statistically significant price penalty on their yearlings sold in this auction, compared to sellers who just breed horses. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Equine; Hedonic pricing; Information; Price discovery; Thoroughbred yearlings; Livestock Production/Industries. |
| Ano: 2001 |
URL: http://purl.umn.edu/14693 |
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| Fausti, Scott W.; Qasmi, Bashir A.; Landblom, Douglas G.; Beutler, Martin; Johnson, Patricia S.; Gates, Roger N.; Patterson, Hubert H.; Salverson, Robin R.. |
| Cow/calf producers operating in the Dakotas were surveyed on their price discovery strategies, marketing channel preferences, and their perceptions of how regime change in the public price reporting system for fed cattle affected the beef industry in general and the cow/calf industry in particular. Survey results indicate cow/calf producers consider local institutions (auction barns, etc.) to be more reliable for price discovery than regional or national institutions (futures market, USDA public price reports, satellite auctions, etc.). The auction barn marketing channel is the preferred channel for marketing cattle and is considered the most reliable source of market information by producers. Dakota cow/calf producers perceive livestock mandatory price... |
| Tipo: Journal Article |
Palavras-chave: Beef supply chain; Cow-calf marketing; Marketing channel; Price discovery; Public price reporting; Livestock Production/Industries. |
| Ano: 2007 |
URL: http://purl.umn.edu/62286 |
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| Yang, Jian; Leatham, David J.. |
| This paper examines the price discovery function for three U.S. wheat futures markets: the Chicago Board of Trade, Kansas City Board of Trade, and Minneapolis Grain Exchange. The maintained hypothesis is that futures markets search more for information than cash markets to find an equilibrium price, thus greatly improving the price discovery function. The tests reveal the existence of one equilibrium price across the three futures markets in the long run, but no cointegration among prices in the three representative cash markets. |
| Tipo: Journal Article |
Palavras-chave: Error correction model; Price discovery; Wheat futures; Marketing. |
| Ano: 1999 |
URL: http://purl.umn.edu/15375 |
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| Fausti, Scott W.; Landblom, Douglas G.; Qasmi, Bashir A.; Beutler, Martin; Johnson, Patricia S.; Gates, Roger N.; Patterson, Hubert H.; Salverson, Robin R.. |
| Cow/calf producers operating in the Dakotas were surveyed on their price discovery strategies, marketing channel preferences, and their perceptions of how regime change in the public price reporting system for fed cattle affected the beef industry in general and the cow/calf industry in particular. Survey results indicate cow/calf producers consider local institutions (auction barns etc.) to be more reliable for price discovery and marketing their feeder and stocker cattle than regional or national institutions (futures market etc.). Consistent with this view, producers perceive that the current public price reporting system is less reliable than local market sources when making individual marketing decisions. However, Dakota cow/calf producers perceive... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Cow-calf marketing; Price discovery; Marketing channel; Public price reporting; Livestock Production/Industries. |
| Ano: 2006 |
URL: http://purl.umn.edu/32030 |
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| Registros recuperados: 15 | |
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