EconPapers    
Economics at your fingertips  
 

The Effect of the Livestock Mandatory Reporting Act on Market Transparency and Grid Price Dispersion

Scott Fausti (), Bashir A. Qasmi, Jing Li () and Matthew Diersen ()

Agricultural and Resource Economics Review, 2010, vol. 39, issue 3, 11

Abstract: The Livestock Mandatory Reporting Act (MPR) of 1999 was implemented in April 2001. Empirical evidence indicates a significant change in intra-week price dispersion associated with publicly reported fed cattle grid premiums and discounts occurring after MPR implementation. The research objective is to evaluate the effect of increased market transparency resulting from implementation of MPR, on grid intra-week premium and discount dispersion levels. Empirical results suggest that increased transparency is compatible with intra-week dispersion levels increasing. Increased dispersion suggests that during the pre-MPR period weekly premium and discount data may have been drawn from a non-representative sample. From the empirical evidence, it is concluded that reform of the livestock price-reporting system appears to have been necessary in the case of publically reported grid premiums and discounts.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/record/95609/files/fausti%20-%20current.pdf (application/pdf)

Related works:
Journal Article: The Effect of the Livestock Mandatory Reporting Act on Market Transparency and Grid Price Dispersion (2010) Downloads
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:arerjl:95609

DOI: 10.22004/ag.econ.95609

Access Statistics for this article

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

 
Page updated 2020-08-17
Handle: RePEc:ags:arerjl:95609