Price Transparency in the Voluntary Price Reporting System for Live Cattle: Theory and Empirical Evidence
Interregional spatial linkages between South Dakota and Nebraska cash markets for slaughter cattle are investigated. Econometric procedures are used to test whether a thinning market effect or strategic price reporting behavior by packers has degraded market transparency under the voluntary price reporting system. Empirical evidence suggests transparency was not degraded.
|Date of creation:||2005|
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