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IMPERFECT INFORMATION AND THE FIRM'S DECISION PROCESS: APPLICATIONS TO THE PACIFIC SALMON MARKET

Rebecca J. Lent

No 278663, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The Pacific salmon wholesale market may operate under conditions of imperfect information, particularly in the short run. Analysis of weekly transaction data by firm supports hypotheses concerning seller behavior under uncertainty, notably price searching with the use of known and estimated information: average and variance of rivals' prices, sales, wages.

Keywords: Agricultural Finance; Livestock Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 15
Date: 1985-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278663

DOI: 10.22004/ag.econ.278663

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