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The valuation of market information from livestock selling complexes

Author

Listed:
  • Crase, Lin
  • Dollery, Brian

Abstract

The efficient operation of livestock markets is contingent upon producers accessing relevant market information which assists adjustment to production and distribution. This article provides an analysis of the value of market information gleaned by producers attending public livestock auctions. The article uses the Travel Cost Method to quantify the value of this information and notes the limitations of applying the Travel Cost Method in this context.

Suggested Citation

  • Crase, Lin & Dollery, Brian, 1999. "The valuation of market information from livestock selling complexes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 43(2), pages 1-14, June.
    • Handle: RePEc:ags:aareaj:117042
    DOI: 10.22004/ag.econ.117042
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    File URL: https://ageconsearch.umn.edu/record/117042/files/1467-8489.00076.pdf
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    References listed on IDEAS

    as
    1. R.W.M. Johnson, 1994. "The National Interest, Westminster, And Public Choice," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 38(1), pages 1-30, April.
    2. Herath, Gamini & Jackson, Julie, 1994. "Estimation of Recreational Benefits of Lake Mokoan, Victoria, Australia Using the Travel Cost Method," 1994 Conference (38th), February 8-10, 1994, Wellington, New Zealand 148251, Australian Agricultural and Resource Economics Society.
    3. Johnson, R.W.M., 1994. "The National Interest, Westminster, and Public Choice," 1994 Conference (38th), February 8-10, 1994, Wellington, New Zealand 147923, Australian Agricultural and Resource Economics Society.
    4. Kwabena A. Anaman & Stephen C. Lellyett, 1996. "Contingent Valuation Study Of The Public Weather Service In The Sydney Metropolitan Area," Economic Papers, The Economic Society of Australia, vol. 15(3), pages 64-77, September.
    5. Jeff Bennett, 1996. "Estimating the Recreation Use Values of National Parks," Tourism Economics, , vol. 2(4), pages 303-320, December.
    6. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    7. Hill, Christine M., 1994. "Water quality improvement in the Darling River: A contingent valuation study," 1994 Conference (38th), February 8-10, 1994, Wellington, New Zealand 148253, Australian Agricultural and Resource Economics Society.
    8. Tunstall, Allan W., 1992. "Corruption! At Flemington Markets? A Case Study in Public Policy," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 60(01), pages 1-11, April.
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    Cited by:

    1. Chymis, Athanasios G. & James, Harvey S., Jr. & Konduru, Srinivasa & Pierce, Vern L., 2004. "Asymmetric Information In Cattle Auctions: The Problem Of Revaccinations," Working Papers 26039, University of Missouri Columbia, Department of Agricultural Economics.

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