IMPLICATIONS AND EXISTENCE OF FEDERAL/PRIVATE FORAGE MARKET INTERDEPENDENCE
Alan R. Collins
No 271201, 1991 Annual Meeting, August 4-7, Manhattan, Kansas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Abstract:
Market interdependence creates non-zero cross elasticities between federal and private forage markets. Given its existence, private forage market prices are inappropriate for determining a fair market value for federal forage under both first and second best pricing assumptions. A case study is used to empirically estimate the existence of market interdependence.
Keywords: Crop Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 16
Date: 1991-08-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea91:271201
DOI: 10.22004/ag.econ.271201
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