The Political Economy of Quality Measurement: A Case Study of the USA Slaughter Cattle Market

24 Pages Posted: 14 Jan 2003

See all articles by John E Whitley

John E Whitley

Crime Prevention Research Center; Institute for Defense Analyses

Abstract

As agricultural products move from being economic commodities to quality-differentiated goods, price dispersion within specific markets increases and implicit subsidies from high quality producers to low quality producers are removed. The present paper examines how these distributional effects can influence patterns of support and opposition to changes in marketing arrangements. The simple model developed is calibrated using data from the USA slaughter cattle market. Estimates of the impact on prices of measuring quality more accurately are found to be similar in size to previous estimates of market power price suppression in the market.

Suggested Citation

Whitley, John E, The Political Economy of Quality Measurement: A Case Study of the USA Slaughter Cattle Market. Available at SSRN: https://ssrn.com/abstract=368549

John E Whitley (Contact Author)

Crime Prevention Research Center ( email )

PO Box 3234
Alexandria, VA
United States

Institute for Defense Analyses ( email )

4850 Mark Center Dr
Alexandria, VA 22311
United States

HOME PAGE: http://www.ida.org

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