Folwell, Raymond J.; Mittelhammer, Ronald C.; Wang, Q. - In: International Food and Agribusiness Management Review 01 (1998) 04
The bargaining process and its role in price discovery within the Pacific Northwest asparagus industry is analyzed using a general empirical bargaining model. Growers' and processors' inverse supply and demand functions define boundaries for the negotiated prices. OLS and Heckman's two-stage...