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Articles

PRICE ANALYSIS OF A VEGETABLE AUCTION MARKET

Article number

340_49

Pages

375 – 380

Language

Abstract

In this paper, we deal with two questions : Can we explain the price of an auctioned agricultural product ? Is it a good price for the seller ?

We obtain the following results: To explain the price formation of an auctioned agricultural product we use two alternative econometric methods, and to do this we need only some informations observable before the sale takes place; We compare the price observed with the price the seller could obtain if there is full information, we reject the assumption of a bad price for the seller.

Publication

XII International Symposium on Horticultural Economics

Authors

J. LAFFONT, S. MONIER-DILHAN, H. OSSARD

Keywords

Full text

https://doi.org/10.17660/ActaHortic.1995.340.49

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