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Valuing Public Price Reporting: The Iowa Experience AgEcon
Lawrence, John D.; Shaffer, John A.; Hayenga, Marvin L..
Auction market users and operators were surveyed regarding their source and use of livestock auction price information. Although important for marketing and to a lesser extent production decisions, only 30 percent preferred publicly reported prices over reports from market operators or other sources. The small share of market users willing to pay for public price reports suggests acceptable substitutes are available. Based on these results it is unlikely that user fees will be able to replace the current level of public support for auction market price reporting.
Tipo: Journal Article Palavras-chave: Price reporting; Willingness to pay; Agribusiness; Demand and Price Analysis.
Ano: 1996 URL: http://purl.umn.edu/90376
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AN AUTOMATED ECONOMETRIC APPROACH FOR ESTIMATING AND REPORTING DAILY COTTON MARKET PRICES AgEcon
Brown, Jeff E.; Ethridge, Don E.; Hudson, Darren; Engels, Carlos.
An automated price reporting system developed through computer technology and hedonic price theory is used to estimate daily cotton market prices, premiums, and discounts. This objective approach for reporting cotton market prices was developed to complement the objective measures of high volume instrument grading of cotton. The computerized, econometric system is limited to the Texas and Oklahoma marketing regions where sales are readily available from electronic markets. The econometric based system has shown all the characteristics of an efficient price reporting system; it is accurate, reliable, consistent, and repeatable in its working process and price estimates.
Tipo: Journal Article Palavras-chave: Computer automation; Cotton marketing; Econometrics; Hedonic price analysis; Price reporting; Crop Production/Industries; Marketing.
Ano: 1995 URL: http://purl.umn.edu/15264
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