The political economy of quality measurement: a case study of the USA slaughter cattle market

As agricultural products move from being economic commodities to qualitydifferentiated goods, price dispersion within specific markets increases and implicit subsidies from high quality producers to low quality producers are removed. The present paper examines how these distributional effects can influence patterns of support and opposition to changes in marketing arrangements. The simple model developed is calibrated using data from the USA slaughter cattle market. Estimates of the impact on prices of measuring quality more accurately are found to be similar in size to previous estimates of market power price suppression in the market.


Issue Date:
2002
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/118594
Published in:
Australian Journal of Agricultural and Resource Economics, Volume 46, Issue 4
Page range:
515-538
Total Pages:
24




 Record created 2017-04-01, last modified 2017-11-14

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