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Price impacts of concentration, timing, and product characteristics in a feeder cattle video auction

Author

Listed:
  • Chris Fawson

    (Department of Economics, Utah State University, Logan, UT 84322-3530)

  • DeeVon Bailey

    (Department of Economics, Utah State University, Logan, UT 84322-3530)

  • Terry Glover

    (Department of Economics, Utah State University, Logan, UT 84322-3530)

Abstract

This research investigates the differential effect of timing and product characteristic based measures of buyer concentration on the selling price of auctioned feeder cattle. Empirical results suggest that the fundamental dynamic price generation mechanism in feeder cattle auctions is affected by measures of buyer concentration. © 1996 John Wiley & Sons, Inc.

Suggested Citation

  • Chris Fawson & DeeVon Bailey & Terry Glover, 1996. "Price impacts of concentration, timing, and product characteristics in a feeder cattle video auction," Agribusiness, John Wiley & Sons, Ltd., vol. 12(5), pages 485-496.
    • Handle: RePEc:wly:agribz:v:12:y:1996:i:5:p:485-496
    DOI: 10.1002/(SICI)1520-6297(199609/10)12:5<485::AID-AGR7>3.0.CO;2-2
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    References listed on IDEAS

    as
    1. Green, Edward J & Porter, Robert H, 1984. "Noncooperative Collusion under Imperfect Price Information," Econometrica, Econometric Society, vol. 52(1), pages 87-100, January.
    2. DeeVon Bailey & B. Wade Brorsen & Chris Fawson, 1993. "Buyer Concentration at Feeder Cattle Auctions," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 15(1), pages 103-119.
    3. Faminow, Merle D. & Gum, Russell L., 1986. "Feeder Cattle Price Differentials In Arizona Auction Markets," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-8, December.
    4. Schroeder, Ted C. & Mintert, James R. & Brazle, Frank & Grunewald, Orlen C., 1988. "Factors Affecting Feeder Cattle Price Differentials," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(1), pages 1-11, July.
    5. Turner, Steven C. & Dykes, Nancy S. & McKissick, John C., 1991. "Feeder Cattle Price Differentials In Georgia Teleauctions," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(2), pages 1-10, December.
    6. Turner, Steven C. & Dykes, Nancy S. & McKissick, John, 1991. "Feeder Cattle Price Differentials in Georgia Teleauctions," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 23(2), pages 75-84, December.
    7. Schroeter, John R, 1988. "Estimating the Degree of Market Power in the Beef Packing Industry," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 158-162, February.
    8. DeeVon Bailey & Monte C. Peterson & B. Wade Brorsen, 1991. "A Comparison of Video Cattle Auction and Regional Market Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 465-475.
    9. DeeVon Bailey & B. Wade Brorsen & Michael R. Thomsen, 1995. "Identifying Buyer Market Areas and the Impact of Buyer Concentration in Feeder Cattle Markets Using Mapping and Spatial Statistics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(2), pages 309-318.
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    Cited by:

    1. Lynn Hunnicutt & DeeVon Bailey & Michelle Crook, 2002. "Measuring Market Power with Variables Other than Price," Working Papers 2002-08, Utah State University, Department of Economics.

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