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A Model of Weekly Price Discovery for Florida Celery: Reply

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  • Shonkwiler, J. Scott
  • Pagoulatos, Emilio

Abstract

Nelson Updaw raises several issues concerning our study of weekly price discovery for Florida celery. His comments require some clarification and correction so that his criticisms can be allayed.First, there appears to be some confusion surrounding the intraseasonal (semiweekly) operation of the Florida Celery Exchange and interseasonal acreage allotments. During the time period of our analysis (the 1972–1977 seasons) no marketing allotments were imposed by the Exchange as Updaw suggests; rather, the Exchange practiced only semiweekly price-setting activities, and acreage allotments were applicable on an annual basis only.

Suggested Citation

  • Shonkwiler, J. Scott & Pagoulatos, Emilio, 1980. "A Model of Weekly Price Discovery for Florida Celery: Reply," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(2), pages 163-164, December.
    • Handle: RePEc:cup:jagaec:v:12:y:1980:i:02:p:163-164_01
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    Cited by:

    1. Updaw, Nelson J., 1980. "A Model Of Weekly Price Discovery For Florida Celery: Comment," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(2), pages 1-2, December.
    2. Richard J. Sexton & Catherine L. Kling & Hoy F. Carman, 1991. "Market Integration, Efficiency of Arbitrage, and Imperfect Competition: Methodology and Application to U.S. Celery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 568-580.
    3. Taylor, Timothy G. & Kilmer, Richard L., 1988. "An Analysis Of Market Structure And Pricing In The Florida Celery Industry," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(2), pages 1-10, December.
    4. Shumway, C. Richard, 1986. "Supply Relationships in the South—What have we Learned?," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(1), pages 11-20, July.

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