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Journal of Agricultural and Resource Economics >
Volume 26, Number 01, July 2001 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/31150
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| Title: | FEEDER CATTLE PRICE SLIDES |
| Authors: | Brorsen, B. Wade
Coulibaly, Nouhoun
Richter, Francisca G.-C.
Bailey, DeeVon |
| Issue Date: | 2001-07 |
| Abstract: | A theoretical model is developed to explain the economics of determining price slides for feeder cattle. The contract is viewed as a dynamic game with continuous strategies where the buyer and seller are the players. The model provides a solution for the price slide that guarantees an unbiased estimate of cattle weight. An empirical model using Superior Livestock Auction (SLA) data shows price slides used are smaller than those needed to cause the producer to give unbiased estimates of weight. Consistent with the model's predictions, producers slightly underestimate cattle weights. |
| URI: | http://purl.umn.edu/31150 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 26, Number 01, July 2001 |
| Total Pages: | 18 |
| Language: | English |
| From Page: | 291 |
| To Page: | 308 |
| Collections: | Volume 26, Number 01, July 2001
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| 26010291.pdf | 1054Kb | PDF | View/Open |
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