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PRICE DISCOVERY MECHANISMS AND ALTERNATIVES FOR CANADIAN AGRICULTURE; Part I: A Review of Pricing Mechanisms in Agriculture

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  • Mussell, Al
  • Mayer, Holly
  • Martin, Larry J.
  • Grier, Kevin
  • Westgren, Randall E.
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    Abstract

    The purpose of this section is to review pricing mechanisms in agriculture and food. We started by constructing a taxonomy and system of classification for pricing mechanisms that is rooted in economic theory. This framework was applied to 26 pricing mechanisms observed from the following product categories: � Beef � Hogs � Grains and oilseeds � Dairy � Poultry and Eggs � Processed Food and Horticulture

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    File URL: http://purl.umn.edu/18121
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    Bibliographic Info

    Paper provided by George Morris Center in its series Miscellaneous Publications with number 18121.

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    Date of creation: 2003
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    Handle: RePEc:ags:gmcemp:18121

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    Keywords: Demand and Price Analysis;

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    1. Johnson, C. Scott & Foster, Kenneth A., 1994. "Risk Preferences And Contracting In The U.S. Hog Industry," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(02), December.
    2. Buhr, Brian L. & Kunkel, Phillip L., 1999. "A Guide To Swine Marketing Contracts," Staff Papers 13358, University of Minnesota, Department of Applied Economics.
    3. Akerlof, George A, 1970. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, MIT Press, vol. 84(3), pages 488-500, August.
    4. Martin, Laura L., 1997. "Production Contracts, Risk Shifting, And Relative Performance Payments In The Pork Industry," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(02), December.
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