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Stochastic simulation was used to determine the marginal cost and optimal testing strategy (location and intensity) for an integrator conforming to proposed European Union traceability requirements for imported hard red spring wheat. Cost, risks and premiums were determined for exports of...
Persistent link: https://www.econbiz.de/10005525878
This paper describes the extent and characteristics of differentiation in the international wheat market. Results indicate that the degree of differentiation has increased in the last 15 years. A hedonic price function is specified and estimated to examine implicit prices for characteristics and...
Persistent link: https://www.econbiz.de/10005480881
segments. Shares of export volumes for the highest quality segments for both HAD and HRS more than doubled their share of … export volume from 7% to 21% for HAD and 18% to 42% for HRS, while shares for the high quality segment for HRW were similar …
Persistent link: https://www.econbiz.de/10005494013
Consistency of functional characteristics in wheat is a concern confronting buyers and sellers. This research analyzes the cost and risk of different procurement strategies for importers. A stochastic simulation model is used to determine the probability of a functional characteristic being...
Persistent link: https://www.econbiz.de/10005494025
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including: price pooling, cost pooling, export sales monopolies, monopoly powers within domestic markets, grain quality control …, and government underwriting of initial producer prices and export credit. However, during the past 6 years, similarities …
Persistent link: https://www.econbiz.de/10011069433
Consistency of functional characteristics in wheat is a concern confronting buyers and sellers. This research analyzes the cost and risk of different procurement strategies for importers. A stochastic simulation model is used to determine the probability of functional characteristics being...
Persistent link: https://www.econbiz.de/10005805475
Persistent link: https://www.econbiz.de/10009653457