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A Model of Weekly Price Discovery for Florida Celery: Reply

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  • Shonkwiler, J. Scott
  • Pagoulatos, Emilio

Abstract

Nelson Updaw raises several issues concerning our study of weekly price discovery for Florida celery. His comments require some clarification and correction so that his criticisms can be allayed.First, there appears to be some confusion surrounding the intraseasonal (semiweekly) operation of the Florida Celery Exchange and interseasonal acreage allotments. During the time period of our analysis (the 1972–1977 seasons) no marketing allotments were imposed by the Exchange as Updaw suggests; rather, the Exchange practiced only semiweekly price-setting activities, and acreage allotments were applicable on an annual basis only.

Suggested Citation

  • 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.
    • Handle: RePEc:cup:jagaec:v:12:y:1980:i:02:p:163-164_01
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    References listed on IDEAS

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    1. Updaw, Nelson J., 1980. "A Model of Weekly Price Discovery for Florida Celery: Comment," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(2), pages 161-162, December.
    2. Shonkwiler, John Scott & Pagoulatos, Emilio, 1980. "A Model Of Weekly Price Discovery For Florida Celery," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-6, July.
    3. 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.
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    Cited by:

    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. 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.
    4. 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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    1. 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.
    2. 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.
    3. 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.
    4. 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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