PRICE ANALYSIS OF A VEGETABLE AUCTION MARKET

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

LAFFONT, J., MONIER-DILHAN, S. and OSSARD, H. (1995). PRICE ANALYSIS OF A VEGETABLE AUCTION MARKET. Acta Hortic. 340, 375-380
DOI: 10.17660/ActaHortic.1995.340.49
https://doi.org/10.17660/ActaHortic.1995.340.49
340_49
375-380

Acta Horticulturae