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PRICE DISCOVERY MECHANISMS AND ALTERNATIVES FOR CANADIAN AGRICULTURE; Part I: A Review of Pricing Mechanisms in Agriculture

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  • Mussell, Al
  • Mayer, Holly
  • Martin, Larry J.
  • Grier, Kevin
  • Westgren, Randall E.

Abstract

The purpose of this section is to review pricing mechanisms in agriculture and food. We started by constructing a taxonomy and system of classification for pricing mechanisms that is rooted in economic theory. This framework was applied to 26 pricing mechanisms observed from the following product categories: · Beef · Hogs · Grains and oilseeds · Dairy · Poultry and Eggs · Processed Food and Horticulture

Suggested Citation

  • Mussell, Al & Mayer, Holly & Martin, Larry J. & Grier, Kevin & Westgren, Randall E., 2003. "PRICE DISCOVERY MECHANISMS AND ALTERNATIVES FOR CANADIAN AGRICULTURE; Part I: A Review of Pricing Mechanisms in Agriculture," Miscellaneous Publications 18121, George Morris Center.
    • Handle: RePEc:ags:gmcemp:18121
    DOI: 10.22004/ag.econ.18121
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    References listed on IDEAS

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    1. Scott Johnson, C. & Foster, Kenneth A., 1994. "Risk Preferences and Contracting In the U.S. Hog Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(2), pages 393-405, December.
    2. Martin, Laura L., 1997. "Production Contracts, Risk Shifting, and Relative Performance Payments in the Pork Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 29(2), pages 267-278, December.
    3. Buhr, Brian L. & Kunkel, Phillip L., 1999. "A Guide To Swine Marketing Contracts," Staff Papers 13358, University of Minnesota, Department of Applied Economics.
    4. 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.
    5. Martin, Laura L., 1997. "Production Contracts, Risk Shifting, And Relative Performance Payments In The Pork Industry," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(2), pages 1-12, December.
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    Demand and Price Analysis;

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