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The California-Arizona lemon industry, after a long history of using fresh market shipment controls, operated during 1985-1986 without using the weekly prorate provisions of its federal marketing order. This article compares the level and variability of weekly shipments and prices for the,...
Persistent link: https://www.econbiz.de/10008552238
The formal relationship between price asymmetry and marketing margins is derived and illustrated with a weekly analysis of prices and margins for fresh lemons and Navel oranges in four retail markets. In the short-run, retail prices and margins for both products were more responsive to f.o.b....
Persistent link: https://www.econbiz.de/10008570137
Price competition is a fundamental assumption in modeling trade. Empirical applications often use unit values as proxies for price. This is a problem if unit values cannot explain trade flows consistent with the price competition assumption. The paper determines whether this condition exists in...
Persistent link: https://www.econbiz.de/10008570494