Data/hora: 09/06/2024 01:47:51

Provedor de dados: | 31
País: | United States
Título: | COMPARING END-USE VALUES FOR NORTH DAKOTA HARD RED SPRING WHEAT VARIETIES
Autores: | Lambert,   David K.; Wilson,   William W.
Data: | 2001-11-14
Ano: | 2001
Palavras-chave: | Agricultural markets; Product quality; Distance functions; Wheat; Crop Production/Industries; Marketing.
Resumo: | Markets for agricultural products may be inefficient when signals do not adequately reflect product characteristics important to market participants.  Although preferences can be explicitly stated through price premiums or characteristic values can be determined via hedonic methods, the problem is compounded when product quality information is costly to obtain.  Bundling of quality traits by variety can serve to signal product quality.  A procedure is developed in this paper to derive the value of different varieties in meeting buyer demands.  An application to the hard red spring market wheat both validates the ability of the procedure to distinguish among varieties, as well as provides empirical support to the existence of Akerlof's lemon market in the release of wheat varieties.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

3823

http://purl.umn.edu/23657

Editor: | AgEcon Search

Relação:

North Dakota State University&gt;Department of Agribusiness and Applied Economics&gt;Staff Papers

Staff Paper Report AAE 01005

Formato:

23

application/pdf