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The declining share of beef in total U.S. meat consumption has motivated industry-wide efforts to improve average beef quality through more effective coordination among the various market participants. Increased use of explicit grid pricing mechanisms over the last decade represents initial...
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marketing research. …
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In addition to the conventional auction method of cattle marketing, some alternative marketing arrangements include … Louisiana producers use conventional auctions, while 39% use other types of marketing arrangements. The most heavily used … alternative marketing arrangement is private treaty, at 26%. Those producers using alternative marketing arrangements tend to be …
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This article shows how the solution to the promotion problem--—the problem of locating the optimal level of advertising in a downstream market--—can be derived simply, empirically, and robustly through the application of some simple calculus and Bayesian econometrics. We derive the...
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This study investigates the underlying reasons for a producer's choice of marketing channels for stocker cattle in the … recently used in the marketing of stocker cattle. Findings show that while the number of marketing options may have increased … in recent years, only relatively large producers can actually take advantage of these options. The marketing options for …
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Prices transmit information regarding the underlying quality of a product; when quality is unknown to both buyers and sellers, theory predicts that the same price should be charged for all products. However, in the Thoroughbred industry, difference fees are charged to breed to freshman sires,...
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