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The Economics Of Information And Spatial Price Behavior: An Empirical Assessment Of Producer's Cattle Prices In The Western Region Of The Usa: 1973-1981, Maria Lourdes Del Rosario Juan

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This study is an empirical verification of the theories of the economics of information at the cattle producer's market in the U.S. Western Region. Weekly data on producer's price quotations were obtained from CATTLEFAX for 1973 through 1981. The three major objectives of the research are: first, to determine whether price dispersion exists in the cattle producer's market in the Western Region: second, if significant price dispersion are shown to exist, to determine the nature of the regional price distribution; and third, if price dispersion do exist, to determine the implications of the dispersion relative to competitive structure, efficient informational …