arbiter
JournalsAccount

The Influence of Market Power and Market Trends on Grid Market Signals

Scott W. Fausti et al.

Journal of Agricultural and Resource Economics2015https://doi.org/10.22004/ag.econ.197379article
AJG 2ABDC A
Weight
0.26

Abstract

This article investigates the premium and discount incentive mechanisms in the fed cattle grid pricing system. A pooled cross-sectional dataset containing carcass information on 598 fed steers evaluated weekly on the AMS publically reported price grid was constructed for the years 2001 to 2008 (226,000 observations). Empirical evidence suggests that premiums and discounts associated with specific carcass-quality attributes have been adjusting over time and that the market value of carcass quality declined by $0.50/cwt during periods of packer cooperative behavior in the fed cattle market. Additionally, the average market value of carcasses meeting industry quality standards exhibited a positive time trend.

Open via your library →

Cite this paper

https://doi.org/https://doi.org/10.22004/ag.econ.197379

Or copy a formatted citation

@article{scott2015,
  title        = {{The Influence of Market Power and Market Trends on Grid Market Signals}},
  author       = {Scott W. Fausti et al.},
  journal      = {Journal of Agricultural and Resource Economics},
  year         = {2015},
  doi          = {https://doi.org/https://doi.org/10.22004/ag.econ.197379},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

The Influence of Market Power and Market Trends on Grid Market Signals

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.