期刊论文详细信息
Journal of Agricultural and Resource Economics
Experimental Simulation of Public Information Impacts on Price Discovery and Marketing Efficiency in the Fed Cattle Market
关键词: efficiency;    experimental economics;    fed cattle;    price discovery;    public information;   
DOI  :  10.22004/ag.econ.31170
来源: DOAJ
【 摘 要 】

Federal budgetary pressures raise questions regarding the importance of public market information. This study assesses the impact of price discovery and production efficiency of reducing public price and quantity information. The amount and type of information provided to Fed Cattle Market Simulator (FCMS) participants was varied by periodically withholding current and weekly summary information according to a predetermined experimental design. Results show that reducing information increased price variance and decreased marketing efficiency; that is, more cattle were delivered at weights deviating from 1,150 pounds- the least-cost marketing weight in the simulator. These factors, which increase costs, make the industry less competitive.

【 授权许可】

Unknown   

  文献评价指标  
  下载次数:0次 浏览次数:0次