Optimal Grade Definitions For Multiple Quality Characteristics
AbstractThe growing importance of quality in agricultural markets makes effective segregation and grading essential to efficient marketing strategy. In this paper, we develop an economic model, potentially applicable to many products, to determine optimal segregation strategies based on multiple stochastic quality measures. The model is applied to Oklahoma wheat quality data.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2000 Annual meeting, July 30-August 2, Tampa, FL with number 21728.
Date of creation: 2000
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- David A. Hennessy & Thomas I. Wahl, 1997.
"Discount Schedules and Grower Incentives in Grain Marketing,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 79(3), pages 888-901.
- Hennessy, David A. & Wahl, Thomas I., 1997. "Discount Schedules and Grower Incentives in Grain Marketing," Staff General Research Papers 10672, Iowa State University, Department of Economics.
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