| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The Effect of the Livestock Mandatory Reporting Act on Market Transparency and Grid Price Dispersion
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| Autores: |
Fausti, Scott W.
Qasmi, Bashir A.
Li, Jing
Diersen, Matthew A.
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| Data: |
2010-10-26
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| Ano: |
2010
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| Palavras-chave: |
Fed cattle
Grid pricing
Market transparency
Price dispersion
Price volatility
Mandatory livestock price reporting
Agricultural and Food Policy
Demand and Price Analysis
Livestock Production/Industries
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| Resumo: |
The Livestock Mandatory Reporting Act (MPR) of 1999 was implemented in April 2001. Empirical evidence indicates a significant change in intra-week price dispersion associated with publicly reported fed cattle grid premiums and discounts occurring after MPR implementation. The research objective is to evaluate the effect of increased market transparency resulting from implementation of MPR, on grid intra-week premium and discount dispersion levels. Empirical results suggest that increased transparency is compatible with intra-week dispersion levels increasing. Increased dispersion suggests that during the pre-MPR period weekly premium and discount data may have been drawn from a non-representative sample. From the empirical evidence, it is concluded that reform of the livestock price-reporting system appears to have been necessary in the case of publically reported grid premiums and discounts.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/95609
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| Relação: |
Agricultural and Resource Economics Review>Volume 39, Number 3, October 2010
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| Formato: |
11
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