A Model of Weekly Price Discovery for Florida Celery: Reply

J Shonkwiler and Emilio Pagoulatos

Journal of Agricultural and Applied Economics, 1980, vol. 12, issue 2, 163-164

Abstract: Nelson Updaw raises several issues concerning our study of weekly price discovery for Florida celery. His comments require some clarification and correction so that his criticisms can be allayed.First, there appears to be some confusion surrounding the intraseasonal (semiweekly) operation of the Florida Celery Exchange and interseasonal acreage allotments. During the time period of our analysis (the 1972–1977 seasons) no marketing allotments were imposed by the Exchange as Updaw suggests; rather, the Exchange practiced only semiweekly price-setting activities, and acreage allotments were applicable on an annual basis only.

Date: 1980
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