DO WHOLESALE RED MEATS MARKETS OPERATE IN DISEQUILIBRIUM?

Barry W. Bobst and Touba Bedingar

No 140082, Staff Papers from University of Kentucky, Department of Agricultural Economics

Abstract: Forward formula pricing in wholesale red meats markets cause transactions quantities and prices to be determined at different times. Use of purchase limits in meat retailing is symptomatic of disequilibrium marketing. Price analysis on specific cuts indicates short-run disequilibrium but aggregation problems prevent reliable estimation of demand functions.

Keywords: Demand and Price Analysis; Livestock Production/Industries; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 14
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ukysps:140082

DOI: 10.22004/ag.econ.140082

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