Buyer concentration at feeder cattle auctions

The influence of buyer concentration in two large feeder cattle auctions on feeder cattle prices at the auctions was investigated. Buyer concentration increased slightly for steers and heifers at one of the auctions between 1987 and 1989 and the increased concentration was estimated to have depresse...

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Published in:Applied economic perspectives and policy 1993-01, Vol.15 (1), p.103-119
Main Authors: Bailey, D.V, Brorsen, B.W, Fawson, C
Format: Article
Language:English
Subjects:
ACHAT
Auction markets
Bidding
BOVIN
Buyer concentration
Cattle auctions
COMPRA
Feeder cattle
Feedlots
GANADO BOVINO
Market power
Market prices
Market share
MODELE MATHEMATIQUE
MODELOS MATEMATICOS
PRECIOS
PRECIOS DE MERCADO
PRIX
PRIX DE MARCHE
Steers
SUBASTAS
VENTE AUX ENCHERES
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container_title Applied economic perspectives and policy
container_volume 15
creator Bailey, D.V
Brorsen, B.W
Fawson, C
description The influence of buyer concentration in two large feeder cattle auctions on feeder cattle prices at the auctions was investigated. Buyer concentration increased slightly for steers and heifers at one of the auctions between 1987 and 1989 and the increased concentration was estimated to have depressed prices an average of $0.05/cwt. Overall, prices at the other auction were depressed by an average of $0.44/cwt. between 1988 and 1989 due to increasing concentration at the auction.
doi_str_mv 10.2307/1349715
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ispartof Applied economic perspectives and policy, 1993-01, Vol.15 (1), p.103-119
issn 1058-7195
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1467-9353
2040-5804
language eng
recordid cdi_crossref_primary_10_2307_1349715
source JSTOR Archival Journals and Primary Sources Collection; Oxford University Press Archive
subjects ACHAT
Auction markets
Bidding
BOVIN
Buyer concentration
Cattle auctions
COMPRA
Feeder cattle
Feedlots
GANADO BOVINO
Market power
Market prices
Market share
MODELE MATHEMATIQUE
MODELOS MATEMATICOS
PRECIOS
PRECIOS DE MERCADO
PRIX
PRIX DE MARCHE
Steers
SUBASTAS
VENTE AUX ENCHERES
title Buyer concentration at feeder cattle auctions
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