文章基本信息

标题：Alternative Theories and Empirical Approaches to Price Discovery: An Application to Fed Cattle
本地全文：下载
作者：Carlberg, Jared G. ; Ward, Clement E.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2003
页码：649-661
出版社：Food Distribution Research Society
摘要：Price discovery is a frequent topic of research, but many times is not clearly defined and thus purported to cover a myriad of topics. This article provides two alternative theories as the basis for one line of price discovery research. Empirical models consistent with the two theories are estimated using a common data set. Empirical results differ as expected. This article evidences why the theoretical basis for an empirical model depends on clearly defining the objective(s) of the research.
关键词：derived demand;fed cattle;partial adjustment model;price discovery