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A Model of Weekly Price Discovery for Florida Celery

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  • Shonkwiler, J. Scott
  • Pagoulatos, Emilio

Abstract

Considerable attention has recently been paid (Rhodes, Tomek and Robinson) to the various alternative mechanisms for discovering prices of agricultural products. Alternative mechanisms include organized markets and auctions, individual price negotiations, group bargaining, supply-demand estimation pricing, and formula pricing. One such price discovery mechanism is currently employed by the Florida Celery Exchange, a voluntary marketing cooperative which represents all major Florida celery producers in setting prices. The role and performance of the Exchange in influencing weekly Florida celery harvesting and pricing decisions are of particular interest because the Exchange's price-fixing activities represent, at least a priori, a departure from the traditional competitive price determination process.

Suggested Citation

  • Shonkwiler, J. Scott & Pagoulatos, Emilio, 1980. "A Model of Weekly Price Discovery for Florida Celery," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(1), pages 113-118, July.
    • Handle: RePEc:cup:jagaec:v:12:y:1980:i:01:p:113-118_01
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    References listed on IDEAS

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    1. John W. Pratt & David A. Wise & Richard Zeckhauser, 1979. "Price Differences in almost Competitive Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 93(2), pages 189-211.
    2. Anonymous, 1966. "Food and Agriculture Organization," International Organization, Cambridge University Press, vol. 20(3), pages 646-649, July.
    3. Steven C. Salop, 1976. "Information and monopolistic competition," Special Studies Papers 74, Board of Governors of the Federal Reserve System (U.S.).
    4. Garbade, Kenneth D & Pomrenze, Jay L & Silber, William L, 1979. "On the Information Content of Prices," American Economic Review, American Economic Association, vol. 69(1), pages 50-59, March.
    5. Salop, Steven, 1976. "Information and Monopolistic Competition," American Economic Review, American Economic Association, vol. 66(2), pages 240-245, May.
    6. Tomek, William G. & Robinson, Kenneth L., 1977. "Agricultural Price Analysis and Outlook," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.
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    1. Richard J. Sexton & Catherine L. Kling & Hoy F. Carman, 1991. "Market Integration, Efficiency of Arbitrage, and Imperfect Competition: Methodology and Application to U.S. Celery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 568-580.
    2. Updaw, Nelson J., 1980. "A Model Of Weekly Price Discovery For Florida Celery: Comment," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(2), pages 1-2, December.
    3. Shonkwiler, J. Scott & Pagoulatos, Emilio, 1980. "A Model of Weekly Price Discovery for Florida Celery: Reply," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(2), pages 163-164, December.
    4. Shumway, C. Richard, 1986. "Supply Relationships In The South - What Have We Learned?," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(1), pages 1-9, July.
    5. Taylor, Timothy G. & Kilmer, Richard L., 1988. "An Analysis Of Market Structure And Pricing In The Florida Celery Industry," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(2), pages 1-10, December.

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