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Structure of the Intraseasonal Pricing Mechanism for Late Summer Onions, 1930-68

Author

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  • Jesse, Edward V.

Abstract

This study considers possible changes in the structure of the intraseasonal pricing mechanism for late summer onions, resulting from the presence of a futures market for onions. An econometric model focusing on seasonal variation in Michigan shipping-point prices is developed and separately estimated for three historical periods: a 14-year period prior to trading, a 15-year futures-trading period, and a 9-year period following a congressional ban on trading in onions. The results of several tests using the model did not show any consistent differences in the structure of the pricing mechanism among the three periods.

Suggested Citation

  • Jesse, Edward V., 1973. "Structure of the Intraseasonal Pricing Mechanism for Late Summer Onions, 1930-68," Marketing Research Reports 313757, United States Department of Agriculture, Agricultural Marketing Service, Transportation and Marketing Program.
  • Handle: RePEc:ags:uamsmr:313757
    DOI: 10.22004/ag.econ.313757
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    File URL: https://ageconsearch.umn.edu/record/313757/files/mrr1004.pdf
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    Cited by:

    1. Davis, Bob & Hise, Billy R., 1979. "Structure Of The U.S. And West Texas Early Summer Onion Markets," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(1), pages 1-6, July.

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