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- W1578549887 abstract "Incomplete information generates uncertainty for market participants in the slaughter-cattle market. Buyer and seller behavior in the presence ofthat uncertainty is examined. Statistically significant risk premiums are charged by packers when buying slaughter cattle on either a live- or dressed-weight basis compared to buying on a grade-and-yield basis. Pratt- Arrow risk-aversion coefficients are calculated for buyers and these remain constant over all marketing methods. Sellers market cattle under all three marketing methods, suggesting producers1 attitudes toward risk (risk-aversion coefficients) vary." @default.
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- W1578549887 date "1995-01-01" @default.
- W1578549887 modified "2023-09-23" @default.
- W1578549887 title "Risk and market participant behavior in the U.S. slaughter-cattle market" @default.
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- W1578549887 doi "https://doi.org/10.22004/ag.econ.232233" @default.
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