Assessing Accuracy of Livestock Market Reporters: Some Evidence on Pigs in Victoria
This paper explores the hypothesis that livestock market reporters tend to err towards the middle of the actual range when estimating carcass weight and fat depth. Trial data for pigs support the hypothesis and indicate that reporters' estimates may be significantly biased in some extreme weight and fat classes even when the average errors taken across all classes are trivial. Significant distortions in the reported premiums or discounts between some fat and weight classes are implied by the errors in estimating fat and weight.
Volume (Year): 54 (1986)
Issue (Month): 01 (April)
|Contact details of provider:|| Postal: |
Phone: 0409 032 338
Web page: http://www.aares.info/Email:
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Naughtin, John C. & Holland, B.J., 1982. "The Accuracy of Market Reporters under Liveweight Selling Conditions," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(03), December.
- Naughtin, John C., 1980. "The Accuracy of Market Reporters in the Estimation of Carcass Weight and Fat Cover for Cattle," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 48(03), December.
- George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213.
When requesting a correction, please mention this item's handle: RePEc:ags:remaae:12416. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.