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Journal of Agricultural and Applied Economics >
Volume 35, Number 03, December 2003 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/43201
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| Title: | Alternative Theories and Empirical Approaches to Price Discovery: An Application to Fed Cattle |
| Authors: | Carlberg, Jared G.
Ward, Clement E. |
| Keywords: | derived demand
fed cattle
partial adjustment model
price discovery |
| JEL Codes: | Q13
Q11
Q12
C51
C22 |
| Issue Date: | 2003-12 |
| Abstract: | Price discovery is a frequent topic of research, but many times is not clearly defined and thus purported to cover a myriad of topics. This article provides two alternative theories as the basis for one line of price discovery research. Empirical models consistent with the two theories are estimated using a common data set. Empirical results differ as expected. This article evidences why the theoretical basis for an empirical model depends on clearly defining the objective(s) of the research. |
| URI: | http://purl.umn.edu/43201 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 35, Number 03, December 2003 |
| Total Pages: | 13 |
| From Page: | 649 |
| To Page: | 661 |
| Collections: | Volume 35, Number 03, December 2003
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| Carlberg JAAE December 2003.pdf | | 6353Kb | PDF | View/Open |
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