Producer Price Risk and Quality Measurement

Catfish Producer Harvest Response to Production and Asymmetric Price Risk

A theoretical non-risk model was hypothesized to Harvest response to production and asymmetric explain the monthly harvest of food-size catfish. price risk was analyzed using an ordinary least After initial estimation, risk variables were incorposquares model. Statistically significant responses to rated into the model to account for production, input production-quality and output price risk we...

Producer price highlights, 1998

Selection Effects in Producer-Price Setting

We use micro data on product prices linked to information on the firms that set them to test for selection effects (state dependence) in micro-level producer pricing. In contrast to using synthetic data from a canonical menu-cost model, we find very weak, if any, micro-level selection effects when running price change probability regressions on actual data. Moreover, when fitting a model that n...

Beef Producer Preferences and Purchase Decisions for Livestock Price Insurance

Personal interviews were conducted with beef cattle producers in Louisiana to determine their preferences and purchase decisions for livestock price insurance. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. The characteristics of producers who prefer given attributes were also identified. Producers rated products give...

Price regulation and quality

* I am grateful to Jeffrey Bernstein for helpful discussions. This paper has also benefited from discussions with Irv Emmons, Neil Langland and staff members at numerous public service commissions. The usual caveat applies. Abstract A growing concern on the part of regulators is that price regulation may weaken incentives for investment in service quality. Participation by the firm in complemen...