Marketing Agreement Impacts in an Experimental Market for Fed Cattle

摘要: Marketing agreements between meatpacking and cattle feeding firms have created concerns about their effects on fed prices. Profit-sharing marketing were imposed onto a simulated market. Price level variability differences with without agreements, agreement participants nonparticipants, during nonagreement periods, receiving not monetary incentive evaluated. Prices for higher the periods. realized lower, less variable prices than nonparticipating firms. Monetary incentives did affect price levels but increased variability.