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• W1497337598 abstract "We propose a model that elucidates the two channels through which alternative marketing arrangements affect spot price in livestock markets. The direct effect works through their effect on demand and supply. The indirect effect works through spot price volatility, which has been ignored in the literature. We then estimate a dynamic model with data from the U.S. hog market to test our model implications and quantify the two effects. We find increases in the use of AMAs increase spot price volatility and decrease spot price level. The short-run effects are small but the long-run effects are nontrivial." @default.
• W1497337598 created "2016-06-24" @default.
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• W1497337598 date "2015-05-01" @default.
• W1497337598 modified "2023-09-24" @default.
• W1497337598 title "Effects of Alternative Marketing Arrangements on the Spot Market Price Distribution in the U.S. Hog Market" @default.
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• W1497337598 doi "https://doi.org/10.22004/ag.econ.168759" @default.
• W1497337598 hasPublicationYear "2015" @default.
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