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The presence or absence of structural change in meat demand is critical to marketing decision making. If change is … present, marketing bodies need to know what underlies the change so that the most appropriate response can be identified …. Marketing theory is considered as a possible source of more explicit models of demand which may lead to a better understanding …
Persistent link: https://www.econbiz.de/10005220704
Basis risk can play a significant role in the determination of effective hedging strategies. In this paper a portfolio framework is developed to examine the effect of basis risk on hedging strategies for Australian wheat exports. Monthly data for the period 1977 to 1984 were used to implement...
Persistent link: https://www.econbiz.de/10005220705
Persistent link: https://www.econbiz.de/10005220709
The potential effects of a uniform meat grading scheme on market performance are evaluated in terms of a change in the information state. A uniform grading system may reduce the per unit costs involved in the collection and transmission of information on the characteristics of, and the price...
Persistent link: https://www.econbiz.de/10005220720
One's judgment of an official report such as the Report of the Wool Marketing Committee of Enquiry, is, I think …
Persistent link: https://www.econbiz.de/10005330462
It has been established that the absence of risk markets justifies market intervention in principle. The form of intervention that has been discussed most widely in the literature is the buffer stock. This paper points out that other forms of intervention, specifically buffer funds, are likely...
Persistent link: https://www.econbiz.de/10005330471
In this paper I try to come to some conclusions concerning which farm products are likely to offer good promotional possibilities, and which types of promotion are likely to be effective.
Persistent link: https://www.econbiz.de/10005330484
In a competitive market with free information flows, spatial arbitrage will ensure that average prices at geographically separate markets will move in unison. The speed of adjustment is related to information flows between markets; if adjustment lags exist, there may be opportunities for...
Persistent link: https://www.econbiz.de/10005330501
An empirical policy simulation analysis that was performed prior to the adoption of the revised N.Z. wheat pricing arrangements is reported. The analysis was particularly timely as it coincided with, and made an input to, discussions between the various parties attempting to derive an improved...
Persistent link: https://www.econbiz.de/10005330507
Alternative specifications of models of the supply response of Australian wheat growers and their economic implications are considered in terms of the existence and nature of production lags, and the choice between expected prices and expected gross returns as the preferred explanator of...
Persistent link: https://www.econbiz.de/10005330536