ISHS Acta Horticulturae 340: XII International Symposium on Horticultural Economics
PRICE ANALYSIS OF A VEGETABLE AUCTION MARKET |
| Authors: | J. LAFFONT, S. MONIER-DILHAN, H. OSSARD |
| 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. | |
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