|
AgEcon Search >
South Dakota State University >
Department of Economics >
Economics Staff Papers >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/7297
|
| Title: | Public Reporting of Fed Cattle Grid Prices: Policy Reform Consequences |
| Authors: | Fausti, Scott
Qasmi, Bashir
Diersen, Matthew |
| Authors (Email): | Fausti, Scott (scott.fausti@sdstate.edu)
Qasmi, Bashir (bashir.qasmi@sdstate.edu)
Diersen, Matthew (matthew.diersen@sdstate.edu) |
| Issue Date: | 2007 |
| Series/Report no.: | Economics Staff Paper
2007-1 |
| Abstract: | Mandatory livestock price reporting was implemented in April 2001. Empirical evidence indicates a significant change in volatility occurred in publicly reported fed cattle grid premiums and discounts after its policy reform was implementationed. Empirical analysis of grid premiums and discounts across the pre- and post -reform periods indicates that increased transparency is compatible with either an increase or a decrease in price volatility in the post- MPR period. Furthermore, it appears that the public price reporting system for weekly grid premiums and discounts failed to provide an adequate level of transparency prior to the implementation of price reporting policy reforms.
Our methodology extends the literature on the use of volatility measures for investigating issues associated with market transparency. This extension can be applied to the development of volatility measures for monitoring the price reporting behavior of firms. |
| URI: | http://purl.umn.edu/7297 |
| Institution/Association: | South Dakota State University>Department of Economics>Economics Staff Papers |
| Total Pages: | 34 |
| Collections: | Economics Staff Papers
|
Files in This Item:
| File |
Description |
Size | Format |
|---|
| sp070001.pdf | | 210Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
