| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
COMPARING END-USE VALUES FOR NORTH DAKOTA HARD RED SPRING WHEAT VARIETIES
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| Autores: |
Lambert, David K.
Wilson, William W.
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| Data: |
2001-11-14
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| Ano: |
2001
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| Palavras-chave: |
Agricultural markets
Product quality
Distance functions
Wheat
Crop Production/Industries
Marketing
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| 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
3823
http://purl.umn.edu/23657
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| Editor: |
AgEcon Search
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| Relação: |
North Dakota State University>Department of Agribusiness and Applied Economics>Staff Papers
Staff Paper Report AAE 01005
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| Formato: |
23
application/pdf
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