Marketing order impacts on farm-retail price spreads: The suspension of prorates on california-arizona navel oranges

Gary D. Thompson, Charles C. Lyon

Research output: Contribution to journalArticle

20 Scopus citations

Abstract

The 1985 suspension of the prorate on California-Arizona navel oranges decreased FOB retail price spreads in Atlanta and San Francisco by about 1.3 cents per pound. Four reduced-form models of price spreads were estimated as seemingly unrelated regressions for price spreads in Atlanta, Dallas, and San Francisco. Nested and non-nested hypothesis testing procedures indicated a markup model as the most plausible one for explaining short-run changes in price spreads.

Original languageEnglish (US)
Pages (from-to)647-660
Number of pages14
JournalAmerican Journal of Agricultural Economics
Volume71
Issue number3
DOIs
StatePublished - Aug 1989

Keywords

  • Marketing orders
  • Non-nested testing
  • Price spreads

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

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