DERIVING FEEDER CATTLE PRICING CONTRACTS FROM FED CATTLE PRICE GRIDS: SIMULATION RESULTS OF RISK-SHARING CONTRACTS

Post-slaughter quality-based pricing of cattle is increasingly common. This quality, however, is dependent upon unobservable quality characteristics of the feeder cattle used as inputs. Through stochastic simulation we construct incentive compatible quality risk-sharing contracts based upon final grid-quality schedules that facilitate input quality sorting in the feeder cattle market.

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Year of publication:	2002
Authors:	Wang, Chia-Hsing ; Roe, Brian E.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Marketing

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Extent:	application/pdf
Series:	2002 Annual meeting, July 28-31, Long Beach, CA.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2002 Annual meeting, July 28-31, Long Beach, CA Number 19755
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005460315