OPTIMAL GRADE DEFINITIONS FOR MULTIPLE QUALITY CHARACTERISTICS

Conrad P. Lyford and S. Andrew Starbird

No 21728, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The growing importance of quality in agricultural markets makes effective segregation and grading essential to efficient marketing strategy. In this paper, we develop an economic model, potentially applicable to many products, to determine optimal segregation strategies based on multiple stochastic quality measures. The model is applied to Oklahoma wheat quality data.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 18
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21728

DOI: 10.22004/ag.econ.21728

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