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Price Effects Of Wool Marketing Innovations: Some Empirical Evidence

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  • Jackson, Brenda
  • Spinks, Murray

Abstract

Conflicting claims are often made about the price effects of specific wool marketing innovations. In this paper, a regression model is used to estimate the price effects of two innovations, namely, computerised selling by separation and pre-sale, dense packaging of wool. The results are indicative of aggregate price differentials between wool sold via the 'normal' system and via an innovative system for the particular wool types and sale dates analysed. The extent to which price effects may be offset by differences in selling charges is also considered. In addition, some underlying reasons for price differences, where they exist, are proposed.

Suggested Citation

  • Jackson, Brenda & Spinks, Murray, 1982. "Price Effects Of Wool Marketing Innovations: Some Empirical Evidence," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 26(01), pages 1-9, April.
    • Handle: RePEc:ags:ajaeau:23056
    DOI: 10.22004/ag.econ.23056
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    File URL: https://ageconsearch.umn.edu/record/23056/files/26010014.pdf
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    References listed on IDEAS

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    1. George W. Ladd & Marvin B. Martin, 1976. "Prices and Demands for Input Characteristics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(1), pages 21-30.
    2. R.A. Payne & R.B. Whan, 1971. "The Nature Of Price Movements During Single Sales For Three Individual Wool Types Sold In Sydney," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 15(2), pages 95-102, August.
    3. Payne, R.A. & Whan, R.B., 1971. "The Nature Of Price Movements During Single Sales For Three Individual Wool Types Sold In Sydney," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 15(2), pages 1-8, August.
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    Cited by:

    1. Phil Simmons & Phillip Hansen, 1997. "The effect of buyer concentration on prices in the Australian wool market," Agribusiness, John Wiley & Sons, Ltd., vol. 13(4), pages 423-430.
    2. Richardson, Bob, 1986. "Some Current Issues In The Marketing Of Agricultural Products," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 30(2-3), pages 1-14, August.

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