Grid Pricing: An Empirical Investigation of Market Signal Clarity

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dc.creatorFausti, Scott W.
dc.creatorQasmi, Bashir A.
dc.creatorLi, Jing
dc.date2017-04-01T20:13:19Z
dc.date.accessioned2026-07-09T05:18:17Z
dc.descriptionThe ability of the grid marketing system for fed cattle to provide an efficient price transmission mechanism is investigated. Nerlove’s (1958) adaptive expectations approach is adopted to model the relationship between grid premiums (discounts) and the weekly relative supply of carcass quality attributes. Linear regression techniques are used to estimate Nerlove’s supply response function. Granger Causality tests are conducted to investigate the relationship between grid premiums (discounts) and the relative supply of carcass quality attributes. Regression estimates and the Granger Causality tests provide empirical support for the 2005 National Beef Quality Audit call for clearer market signals.
dc.identifierdoi:10.22004/ag.econ.93253
dc.identifierhttps://ageconsearch.umn.edu/record/93253/files/StaffPaper2010-3-AgEcSearch.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/93253
dc.identifier.urihttp://hdl.handle.net/123456789/561803
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/93253
dc.titleGrid Pricing: An Empirical Investigation of Market Signal Clarity
dc.typeText

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University of Minnesota