Carter, Joy; Maynard, Leigh J.; Dillon, Carl R. - Agricultural and Applied Economics Association - AAEA - 2000
One supplier of broilers without giblets (WOGs) offers customers a choice between paying Urner Barry's WOG quote or a formula price based on futures prices. From a buyer's perspective, the formula price is second-degree stochastic dominant, thus acting a marketing inducement. The formula price...