Pricing Efficiency In Agricultural Markets: Issues, Methods, And Results
The notion of price efficiency is discussed in the context of an optimal information market. Approaches for assessing price or market efficiency are examined, including temporal, spatial, and form-transformation paradigms. The interdependent nature of these paradigms is stressed. Finally, a review is conducted of recent price efficiency research in cash, futures, and manufacturing-retailing markets. Research generally has paid inadequate attention to agentsÂ’ costs, including the cost of risk and the human capital cost of acquiring and evaluating information.
Volume (Year): 14 (1989)
Issue (Month): 01 (July)
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- Sporleder, Thomas L., 1984. "Policy Considerations Of Emerging Information Technologies," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(01), July.
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"Futures market efficiency in the soybean complex,"
Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series
qt7d48x9qc, Department of Agricultural & Resource Economics, UC Berkeley.
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- Brorsen, B. Wade & Grant, Warren R. & Richardson, James W. & Schnake, L.D., 1984. "Impacts Of Price Variability On Marketing Margins And Producer Viability In The Texas Wheat Industry," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(02), December.
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- Kitchen, John & Rausser, Gordon C., 1989. "Interest Rates and Commodity Prices," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 2.
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