MODELING THE FARM-RETAIL PRICE SPREAD FOR BEEF

作者：Michael K. Wohlgenant, John D. Mullen, Wohlgenant, Michael K., Mullen, John D. · 发表于：RePEc: Research Papers in Economics · 年份：1987 · DOI：10.22004/ag.econ.32229 · 被引用次数：86 · 研究领域：Economics of Agriculture and Food Markets、Agricultural Economics and Policy、Genetic and phenotypic traits in livestock

A new model for the farm-retail price spread, which accounts for both farm supply and retail demand changes, is introduced. This model is applied to beef, and its empirical performance relative to the markup pricing formulation is evaluated using nonnested testing procedures. The results are consistent with theory and indicate the markup pricing model is misspecified.