DERIVING FEEDER CATTLE PRICING CONTRACTS FROM FED CATTLE PRICE GRIDS: SIMULATION RESULTS OF RISK-SHARING CONTRACTS

Chia-Hsing Wang and Brian Roe

No 19755, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Post-slaughter quality-based pricing of cattle is increasingly common. This quality, however, is dependent upon unobservable quality characteristics of the feeder cattle used as inputs. Through stochastic simulation we construct incentive compatible quality risk-sharing contracts based upon final grid-quality schedules that facilitate input quality sorting in the feeder cattle market.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 22
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19755

DOI: 10.22004/ag.econ.19755

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