The political economy of quality measurement: a case study of the USA slaughter cattle market

John E. Whitley

Australian Journal of Agricultural and Resource Economics, 2002, vol. 46, issue 4, 24

Abstract: As agricultural products move from being economic commodities to qualitydifferentiated goods, price dispersion within specific markets increases and implicit subsidies from high quality producers to low quality producers are removed. The present paper examines how these distributional effects can influence patterns of support and opposition to changes in marketing arrangements. The simple model developed is calibrated using data from the USA slaughter cattle market. Estimates of the impact on prices of measuring quality more accurately are found to be similar in size to previous estimates of market power price suppression in the market.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:118594

DOI: 10.22004/ag.econ.118594

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