Pricing efficiency in the manufactured dairy products industry
AuthorJames B. Hassler
Author AffiliationsJames B. Hassler was Lecturer in Agricultural Economics and Assistant Agricultural Economist in the Experiment Station and on the Giannini Foundation, Berkeley.
Hilgardia 22(8):235-334. DOI:10.3733/hilg.v22n08p235. August 1953.
This investigation is concerned with the price results of the United States dairy products industry from the plant level to the wholesale level. Particular emphasis is placed on intermarket product prices in some major cities, on relative net prices of products at processing plants, and the connection between the latter values and producer prices for milk. Although price relationships will be the core of the study, quantitative volume changes will sometimes be employed to show directional reaction to price disequilibria.
The general framework of the study is the abstract, perfectly competitive market in space, form, and time. Quantitative appraisal is made of the actual price results of the industry with respect to these aspects, with only minor emphasis on the short-period temporal problem.
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