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Microeconomics of Agricultural Grading: Impacts on the Marketing Channel

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  • Hennessy, David A.

Abstract

In this paper I focus on how grade prices affect the provision of product transformation skills in the food marketing system. A self-protection model is used to show how resources are allocated to protect the potential value of commodities in the marketing channel. Resource allocations may be complementary, and complementarity may be exploited to expand an industry. Further, uncertainty concerning skill levels may inhibit expansion. Because two primary objectives of agricultural extension involve facilitating skill acquisition and disseminating market information, the model confirms roles for extension personnel. The optimal location of transformation skills in a sequence of operations is also studied. Key words: grading, industry structure, multiple equilibria, quality, self-protection.

Suggested Citation

  • Hennessy, David A., 1995. "Microeconomics of Agricultural Grading: Impacts on the Marketing Channel," Staff General Research Papers Archive 5033, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:5033
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    Cited by:

    1. Philippe Marcoul & John Lawrence, 2007. "Grader Bias in Cattle Markets? Evidence from Iowa," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(4), pages 890-903.
    2. Moschini, GianCarlo, 2001. "Biotech--Who Wins? Economic Benefits and Costs of Biotechnology Innovations in Agriculture," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 2(1).
    3. Bohorova, Svetlana & Scrimgeour, Frank G., 2000. "Evaluating The Potential Productivity Gains Associated With Biotechnological Improvement: The Case Of Kiwifruit In New Zealand," Proceedings:Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 25995, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    4. Giovannucci, Daniele & Reardon, Thomas, 2000. "Understanding Grades and Standards: and how to apply them," MPRA Paper 13549, University Library of Munich, Germany.
    5. Marshall, Maria I., 2002. "Political Market Impacts On Mexican Import Permits For White Corn," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36556, Western Agricultural Economics Association.
    6. Marshall, Maria I. & Marsh, Thomas L., 2003. "Endogenous Protection In The Mexican Corn And Sorghum Market," 2003 Annual meeting, July 27-30, Montreal, Canada 22242, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Mainville, Denise Y. & Zylbersztajn, Decio & Farina, Elizabeth M.M.Q. & Reardon, Thomas, 2005. "Determinants of retailers' decisions to use public or private grades and standards: Evidence from the fresh produce market of Sao Paulo, Brazil," Food Policy, Elsevier, vol. 30(3), pages 334-353, June.

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