Attributes Distinguishing Wool Production Enterprises Selling Wool Privately
AbstractThe focus in this paper is to identify characteristics which distinguish enterprises of operators who sold wool privately from those who sold at auction. The "t" tests on differences in means revealed that private sales tend to be associated with small woolproducing enterprises. In Western Australia, the further removed enterprises are from an auction selling centre the lower the probability of a private sale. In the Eastern States, the probability of a private sale was higher during the period of supply management in 1974-75, the average level of indebtedness to pastoral companies was lower for those enterprises from which wool was sold privately and traditional ties to wool selling brokers were apparently important in the 1974-75 wool selling season, although the importance of this factor diminished in 1975-76.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.
Volume (Year): 47 (1979)
Issue (Month): 02 (August)
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- Jock R. Anderson & Roy A. Powell, 1973.
"Economics Of Size In Australian Farming,"
Australian Journal of Agricultural and Resource Economics,
Australian Agricultural and Resource Economics Society, vol. 17(1), pages 1-16, 04.
- Schultz, Theodore W, 1975. "The Value of the Ability to Deal with Disequilibria," Journal of Economic Literature, American Economic Association, vol. 13(3), pages 827-46, September.
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