MODELING THE FARM-RETAIL PRICE SPREAD FOR BEEF

Michael Wohlgenant () and John D. Mullen

Western Journal of Agricultural Economics, 1987, vol. 12, issue 2, 7

Abstract: A new model for the farm-retail price spread, which accounts for both farm supply and retail demand changes, is introduced. This model is applied to beef, and its empirical performance relative to the markup pricing formulation is evaluated using nonnested testing procedures. The results are consistent with theory and indicate the markup pricing model is misspecified.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1987
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32229

DOI: 10.22004/ag.econ.32229

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