Data/hora: 16/06/2024 03:36:59

Provedor de dados: | 31
País: | United States
Título: | Modeling Beef Quality Heterogeneity
Autores: | Lusk,   Jayson L.; Norwood,   F. Bailey.
Data: | 2008-09-23
Ano: | 2005
Palavras-chave: | Beef; Equilibrium displacement model; Multisector model; Quality heterogeneity; Q11; Q18.
Resumo: | The effects of various supply and demand shifts on beef price, quantity, and industry welfare have been widely studied under the assumption of beef quality homogeneity.  In this paper, we construct a model of the beef sector that incorporates differences in beef quality.  The model is used to analyze the effect of supply and demand shifts on changes in prices and quantities of high-and low-quality beef and changes in revenue accruing to producers of high-and low-quality beef.  Model results indicate that supply and demand shocks have the potential to alter the average quality of beef on the market and the price premium charged for high-quality beef, which has important implications for retailers selling quality-differentiated beef and producers selling cattle on a grid.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/43483
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 37, Number 03, December 2005
Formato: | 16