Chvosta, Jan; Rucker, Randal R.; Watts, Myles J. - In: American Journal of Agricultural Economics 83 (2001) 2, pp. 286-301
At sales out breeding bulls, prospective buyers have strong incentives to undertake presale measurement activities. To reduce these transaction costs, sellers often provide information on sale bulls. We examine the information content of two measures of the expected performance of the bulls and...