A Note on the Theory of Price Determination in the Australian Beef Market

G.W. Reeves and James L. Longmire

Review of Marketing and Agricultural Economics, 1982, vol. 50, issue 01, 8

Abstract: The view is taken that institutional factors operating in the international beef market limit the usefulness of a competitive spatial equilibrium model for understanding the process of price formation in the Australian beef market. A simple theoretical model is developed to demonstrate the impact of the U.S. beef quota and Australia's meat export control scheme on Australian beef prices. It is argued that Australian beef prices are related to the weighted average of export prices rather than any "world" price. Implications for the direction and volume of Australia's beef exports are discussed.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1982
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/12294/files/50010119.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:12294

DOI: 10.22004/ag.econ.12294

Access Statistics for this article

More articles in Review of Marketing and Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().