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Empirical Determination of Optimum Quality Mix

Author

Listed:
  • Matsumoto, Masao
  • French, Ben C.

Abstract

Changes in the distribution of an agricultural commodity among quality classes may affect the total revenue obtained from a given quantity of product. Growers and marketing firms need to consider the best mix of qualities as well as the best level of output. This paper describes an approach to the empirical problem of selecting, from several alternative feasible mixes of qualities, the one which would yield the maximum net revenue. The paper focuses on a single attribute and a single commodity but the concepts and methodology used can be extended readily to other quality attributes and other commodities.

Suggested Citation

  • Matsumoto, Masao & French, Ben C., 1971. "Empirical Determination of Optimum Quality Mix," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 23(1), pages 1-11, January.
    • Handle: RePEc:ags:uersja:146926
    DOI: 10.22004/ag.econ.146926
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    Citations

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    Cited by:

    1. Chalfant, James A. & James, Jennifer S. & Lavoie, Nathalie & Sexton, Richard J., 1999. "Asymmetric Grading Error And Adverse Selection: Lemons In The California Prune Industry," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(1), pages 1-23, July.
    2. Ryland, G.J., 1975. "Forecasting Crop Quality," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 43(02), pages 1-16, June.
    3. Konstantinos Giannakas & Richard Gray & Nathalie Lavoie, 1999. "The impact of protein increments on blending revenues in the Canadian wheat industry," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 5(1), pages 121-136, February.

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