Risk and Marketing Behavior: Pricing Fed Cattle on a Grid

摘要: A seven-year comparative study of grid pricing versus average slaughter cattle was conducted to evaluate carcass quality market signals. The primary objectives the are determine: (1) if signals sent through system indicate an improvement in incentive mechanism over time, (2) how changes premium and discount structure associated with affect risk premium, (3) price (variance) producer marketing decisions. An Exponential-Autoregressive-Conditional-Heteroskedasticity-in-Mean (EARCH-in-Mean) modeling procedure adopted. Empirical results suggest that is slowly adjusting encourage on a discourage by pen. inclusion conditional variance empirical model indicates adds financial adoption pricing.