| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Grid Pricing: An Empirical Investigation of Market Signal Clarity
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| Autores: |
Fausti, Scott W.
Qasmi, Bashir A.
Li, Jing
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| Data: |
2010-08-18
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| Ano: |
2010
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| Palavras-chave: |
Grid pricing
Price transmission
Carcass quality
Supply response function
Marketing
Risk and Uncertainty
Q11
D40
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| Resumo: |
The ability of the grid marketing system for fed cattle to provide an efficient price transmission mechanism is investigated. Nerlove’s (1958) adaptive expectations approach is adopted to model the relationship between grid premiums (discounts) and the weekly relative supply of carcass quality attributes. Linear regression techniques are used to estimate Nerlove’s supply response function. Granger Causality tests are conducted to investigate the relationship between grid premiums (discounts) and the relative supply of carcass quality attributes. Regression estimates and the Granger Causality tests provide empirical support for the 2005 National Beef Quality Audit call for clearer market signals.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/93253
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| Relação: |
South Dakota State University>Department of Economics>Economics Staff Papers
Staff Paper
2010-3
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| Formato: |
26
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