MEASUREMENT OF GRADING ERROR COSTS IN THE BEEF INDUSTRY

Peyton Ferrier

No 19906, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper models the market for beef products when quality production is stochastic and quality information is asymmetric between producers and consumers. Independent sorters act as intermediaries to enhance market efficiency by guaranteeing minimum quality levels. Market shares, effort levels, prices, and quality standards are obtained for general market equilibrium.

Keywords: Marketing (search for similar items in EconPapers)
Date: 2002
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