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       Review of Marketing and Agricultural Economics (preceeding title: Monthly Marketing Review) >
          Volume 48, Number 01, April 1980 >

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Title: Determination of Grade Prices for Wool
Authors: Simmons, Phil
Issue Date: 1980-04
Abstract: The importance of welfare losses resulting from discrepancies between Australian Wool Corporation and trade valuations of different grades of wool is discussed. Cross-sectional data are used to relate variations in wool attributes to variations in price during 1976-7 and a model is derived for determining grade prices that are consistent with market valuations of different grades. The spatial consistency of the model is tested using data from eleven time periods and from two geographically isolated markets. Comparisons between trade valuations and the grade price differentials used in the Minimum Reserve Price Scheme by the Australian Wool Corporation are made.
Institution/Association: Review of Marketing and Agricultural Economics>Volume 48, Number 01, April 1980
Total Pages: 10
Language: English
From Page: 37
To Page: 46
Collections:Volume 48, Number 01, April 1980

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