A theoretical model is developed to explain the economics of determining price slides for feeder cattle. The contract is viewed as a dynamic game with continuous strategies where the buyer and seller are the players. The model provides a solution for the price slide that guarantees an unbiased...

While considerable research has estimated liquidity costs of futures trading, little comparable research is available about options markets. This study determines effective bid-ask spreads in options and futures markets for Kansas City Board of Trade (KCBT) wheat. Effective bid-ask spreads are...

This paper estimates an AIDS model and corrects for first-order autocorrelation using retail meat data. We fail to reject the null hypothesis of no BSE announcement effects.

This article focuses on quality adjustment of the U.S. Producer Price Index (PPI) for retail food stores. Within the retail trade sector, food stores make up 15.4% of the revenue generated in the sector. This article outlines methods of quality adjustment and applies a direct adjustment...

The key issues on the negotiation table in the agriculture sector are the elimination of export subsidies, a progressive reduction of tariffs and reduction in domestic support. However, it is observed that trade liberalization often involves moving from one set of distortions to another rather...

This study tackles the decomposition of efficiency with respect to agricultural production in transition economies by using a case study on small scale maize farmers in Romania. The underlying modelling assumption is that farmers in transition countries still face heavily distorted price...

Excess poultry litter could be a sustainable source of crop nutrients outside of nutrient-saturated regions if crop farmers are willing to utilize it. Using nearly 150 observations of actual poultry litter purchases in Oklahoma, Arkansas, and Missouri we estimate a demand function for poultry...

I propose an alternative approach to auction valuation in which participants indicate the quantity they wish to buy at a series of prices, with the understanding that one will be randomly chosen as the binding price. This technique allows researchers to estimate entire demand curves as well as...