Cai, Xiaowei; Stiegert, Kyle W.; Coonz, Steven R. - Department of Agricultural & Applied Economics, … - 2010
In this article, we estimate a Green and Porter (GP 1984) trigger pricing model to analyze weekly marketing margin data for the U.S. beef packing industry from 1992-2000. Oligopsonists are hypothesized to follow a discontinuous pricing strategy in equilibrium, and we focus on shocks in the...