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Selectivity Bias and Cattle Price in the Cattle Procurement Market

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  • Hildebrand, Kayla
  • Chung, Chinjin

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  • Hildebrand, Kayla & Chung, Chinjin, 2023. "Selectivity Bias and Cattle Price in the Cattle Procurement Market," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 48(3), September.
    • Handle: RePEc:ags:jlaare:322852
    DOI: 10.22004/ag.econ.322852
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    1. Pierre-Andre Chiappori & Bernard Salanie, 2000. "Testing for Asymmetric Information in Insurance Markets," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 56-78, February.
    2. Bradley S. Wimmer & Brian Chezum, 2006. "Adverse Selection, Seller Effort, and Selection Bias," Southern Economic Journal, John Wiley & Sons, vol. 73(1), pages 201-218, July.
    3. Tian Xia & John M. Crespi & Kevin C. Dhuyvetter, 2019. "Could packers manipulate spot markets by tying contracts to futures prices? And do they?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 67(1), pages 85-102, March.
    4. Inbae Ji & Chanjin Chung & Jungmin Lee, 2017. "Measuring Oligopsony Power in the U.S. Cattle Procurement Market: Packer Concentration, Cattle Cycle, and Seasonality," Agribusiness, John Wiley & Sons, Ltd., vol. 33(1), pages 16-29, January.
    5. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    6. McDonald, R. Allen & Schroeder, Ted C., 2003. "Fed Cattle Profit Determinants Under Grid Pricing," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 35(1), pages 97-106, April.
    7. Tian Xia & Richard J. Sexton, 2004. "The Competitive Implications of Top-of-the-Market and Related Contract-Pricing Clauses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(1), pages 124-138.
    8. Darlington M. Sabasi & Christopher T. Bastian & Dale J. Menkhaus & Owen R. Phillips, 2013. "Committed Procurement in Privately Negotiated Markets: Evidence from Laboratory Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 95(5), pages 1122-1135.
    9. Bradley S. Wimmer & Brian Chezum, 2003. "An Empirical Examination of Quality Certification in a "Lemons Market"," Economic Inquiry, Western Economic Association International, vol. 41(2), pages 279-291, April.
    10. Anderson, John D. & Zeuli, Kimberly A., 2001. "The Revenue Risk Of Value-Based Pricing For Fed Cattle: A Simulation Of Grid Vs. Average Pricing," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 4(3), pages 1-12.
    11. S. Trevis Certo & John R. Busenbark & Hyun‐soo Woo & Matthew Semadeni, 2016. "Sample selection bias and Heckman models in strategic management research," Strategic Management Journal, Wiley Blackwell, vol. 37(13), pages 2639-2657, December.
    12. Dennis McGuire, 1986. "The occurrence of an increase in correlation with explicit selection," Psychometrika, Springer;The Psychometric Society, vol. 51(2), pages 331-333, June.
    13. Bradley S. Wimmer & Brian Chezum, 2006. "Adverse Selection, Seller Effort, and Selection Bias," Southern Economic Journal, John Wiley & Sons, vol. 73(1), pages 201-218, July.
    14. Mallory, Shannon & DeVuyst, Eric A. & Raper, Kellie C. & Peel, Derrell & Mourer, Gant, 2016. "Effect of Location Variables on Feeder Calf Basis at Oklahoma Auctions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-13.
    15. John R. Schroeter & Azzeddine Azzam, 2003. "Captive supplies and the spot market price of fed cattle: The plant-level relationship," Agribusiness, John Wiley & Sons, Ltd., vol. 19(4), pages 489-504.
    16. Tong Zhang & B. Wade Brorsen, 2010. "The Long-Run and Short-Run Impact of Captive Supplies on the Spot Market Price: An Agent-Based Artificial Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(4), pages 1181-1194.
    17. Lee, Lung-fei, 1995. "The Computation of Opportunity Costs in Polychotomous Choice Models with Selectivity," The Review of Economics and Statistics, MIT Press, vol. 77(3), pages 423-435, August.
    18. Adjemian, Michael & Brorsen, B. Wade & Hahn, William & Saitone, Tina L. & Sexton, Richard J., 2016. "Thinning Markets in U.S. Agriculture," Economic Information Bulletin 232928, United States Department of Agriculture, Economic Research Service.
    19. Ward, Clement E. & Koontz, Stephen R. & Schroeder, Ted C., 1998. "Impacts From Captive Supplies On Fed Cattle Transaction Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(2), pages 1-21, December.
    20. Michael J. Peel & Gerald H. Makepeace, 2012. "Differential Audit Quality, Propensity Score Matching and Rosenbaum Bounds for Confounding Variables," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 39(5-6), pages 606-648, June.
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