DO WHOLESALE RED MEATS MARKETS OPERATE IN DISEQUILIBRIUM?

Forward formula pricing in wholesale red meats markets cause transactions quantities and prices to be determined at different times. Use of purchase limits in meat retailing is symptomatic of disequilibrium marketing. Price analysis on specific cuts indicates short-run disequilibrium but aggregation problems prevent reliable estimation of demand functions.


Issue Date:
1986-07
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/140082
PURL Identifier:
http://purl.umn.edu/140082
Total Pages:
14




 Record created 2017-04-01, last modified 2018-01-22

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