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Price Adjustments In Cherry Markets

Author

Listed:
  • Schotzko, R. Thomas
  • Wilson, Wesley W.

Abstract

Buyers of cherries trade initially without inspection. Upon receipt, buyers sometimes seek to renegotiate the earlier agreements. Empirical results suggest that changing market conditions, fruit quality, and characteristics of the trading partners significantly affect the probability that a trade is renegotiated.

Suggested Citation

  • Schotzko, R. Thomas & Wilson, Wesley W., 1995. "Price Adjustments In Cherry Markets," Journal of Food Distribution Research, Food Distribution Research Society, vol. 26(2), pages 1-7, September.
    • Handle: RePEc:ags:jlofdr:27230
    DOI: 10.22004/ag.econ.27230
    as

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    References listed on IDEAS

    as
    1. Bond, Eric W, 1982. "A Direct Test of the "Lemons" Model: The Market for Used Pickup Trucks," American Economic Review, American Economic Association, vol. 72(4), pages 836-840, September.
    2. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    3. Franklin Allen, 1984. "Reputation and Product Quality," RAND Journal of Economics, The RAND Corporation, vol. 15(3), pages 311-327, Autumn.
    4. Esther Gal-Or, 1989. "Warranties as a Signal of Quality," Canadian Journal of Economics, Canadian Economics Association, vol. 22(1), pages 50-61, February.
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