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          Volume 30, Number 03, December 2005 >

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Title: Price Discovery and Pricing Choice Under Divergent Supply Scenarios in an Experimental Market for Fed Cattle
Authors: Ward, Clement E.
Keywords: experimental market
fed cattle
market simulator
price discovery
pricing choice
pricing methods
Issue Date: 2005-12
Abstract: Previous research has not addressed the impacts of alternative supply conditions on price discovery and pricing choice. This study estimated models with data from an experimental market, the Fed Cattle Market Simulator, encompassing live weight, dressed weight, and grid pricing under two alternative supply scenarios. Significance of variables explaining transaction price variation and pricing choice differed between the two supply periods. Overall results were close to expectations. Higher quality cattle marketed with a grid brought higher prices in both supply periods. Having lower quality cattle in either supply period increased the probability of cattle being marketed (purchased) on a live weight basis.
Institution/Association: Journal of Agricultural and Resource Economics>Volume 30, Number 03, December 2005
Total Pages: 17
Language: English
From Page: 580
To Page: 596
Collections:Volume 30, Number 03, December 2005

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