Hostname: page-component-586b7cd67f-2plfb Total loading time: 0 Render date: 2024-11-29T10:21:53.672Z Has data issue: false hasContentIssue false
  • English
  • Français

A Model of Weekly Price Discovery for Florida Celery

Published online by Cambridge University Press:  28 April 2015

J. Scott Shonkwiler  and
Emilio Pagoulatos
J. Scott Shonkwiler
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville
Emilio Pagoulatos
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville
Get access Rights & Permissions [Opens in a new window]

Extract

Considerable attention has recently been paid (Rhodes, Tomek and Robinson) to the various alternative mechanisms for discovering prices of agricultural products. Alternative mechanisms include organized markets and auctions, individual price negotiations, group bargaining, supply-demand estimation pricing, and formula pricing. One such price discovery mechanism is currently employed by the Florida Celery Exchange, a voluntary marketing cooperative which represents all major Florida celery producers in setting prices. The role and performance of the Exchange in influencing weekly Florida celery harvesting and pricing decisions are of particular interest because the Exchange's price-fixing activities represent, at least a priori, a departure from the traditional competitive price determination process.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 12 , Issue 1 , July 1980 , pp. 113 - 118
Copyright
Copyright © Southern Agricultural Economics Association 1980

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bohall, Tobert. “Pricing Performance in Markecmg Fresh Winter Tomatoes.” Marketing Res. Rep. No. 977, ERS, USDA, Nov. 1972.Google Scholar
Breimyer, Harold F.Economics of the Product Markets of Agriculture. Ames: Iowa State University Press, 1976.Google Scholar
Brooke, D. L. “Costs and Returns from Vegetable Crops in Florida.” Econ. Inf. Rep., Food and Resource Economics Department, University of Florida (several issues).Google Scholar
Brooke, D. L. and Jung, G. H.. “Market Organization and Operation of the Florida Celery Industry.” Inst. Food and Agr. Sci. Bull. 709, University of Florida, April 1966.Google Scholar
Florida Department of Agriculture. Marketing Florida Vegetables (various issues).Google Scholar
Garbade, Kenneth D., Pomrenze, Jay L. and Silber, William. “On the Information Content of Prices.” Amer. Econ. Rev. (May 1976):246–53.Google Scholar
Grossman, Sanford J. and Stiglitz, Joseph. “Information and Competitive Price Systems.” Amer. Econ. Rev. (May 1976):246–53.Google Scholar
Kirman, Alan P. “Learning by Firms About Demand Conditions,” in Adaptive Economic Models, Day, Richard H. and Groves, Theordore, eds. New York: Academic Press, 1975.Google Scholar
Mathis, Kary and Degner, Robert L.. “Marketing Florida Celery: A Wholesale and Retail Analysis.” Florida Agricultural Market Research Center, Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, August 1976.Google Scholar
Pratt, John W., Wise, David A. and Zeckhauser, Richard. “Price Differences in Almost Competitive Markets.” Quart. J. Econ. (May 1979).Google Scholar
Rhodes, V. James. The Agricultural Marketing System. Columbus, Ohio: Grid Publishing, 1978.Google Scholar
Riggan, Wilson B. and Brooke, Donald L.. “Predicting the Price of Florida Celery.” Proc. Fla. St. Hort. Soc, Nov. 1963.Google Scholar
Rose, G. Norman. “Celery Production in Florida—A Historic Data Series.” Econ. Rep. 69, Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, May 1975.Google Scholar
Salop, Steve. “Information and Monopolistic Competition.” Amer. Econ. Rev. (May 1976):240–5.Google Scholar
Shonkwiler, J. Scott. “A Weekly Price Determination Model for Celery.” Fla. Agr. Market Res. Center Staff Rep., Food and Resource Economics Department, University of Florida, July 1979.Google Scholar
Tomek, William and Robinson, Kenneth L.. “Agricultural Price Analysis and Outlook,” in A Survey of Agricultural Economics Literature, Vol. 1, Martin, Lee F., ed. Minneapolis: University of Minnesota Press, 1977.Google Scholar
Wu, S. Y. “An Essay on Monopoly Power and Stable Price Policy.” Amer. Econ. Rev. (March 1979): 62–72.Google Scholar