Market failure occurs when the market is not able to reach optimal output. In literature,
among the main causes of market failure there is asymmetric information. Asymmetric …

After controlling a variety of feeder cattle characteristics and market and sale conditions in
Iowa feeder auctions, the price premiums for preconditioning claims (vaccinations and …

We estimate the pricing efficiency of a livestock auction market using a two‐tier stochastic
frontier model. This model captures pricing inefficiency of a hedonic pricing model for …

This paper examines the problem of asymmetric information in financial markets due to a
lack of essential environmental information. The literature indicates that asymmetric …

Feeder-calf prices are determined by the interaction of many factors. This study uses
transaction data from Iowa preconditioned and regular feeder-calf auction sales to quantify …

Misconduct in global meat supply chains are omnipresent and even more so in differentiated
chains where credence attributes such as origin and taste are used to differentiate the …

This study designs a theoretical model and simulation model that can explain the welfare
impacts of disease transmission that occurs in livestock trade. A household production …

Cattle feeders want feeder cattle that have been weaned and preconditioned with a certified
health program. Preconditioned calves perform more efficiently in the feedlot with lower …

We used 11 years of data from video auction sales across the western United States to
address two long-standing questions posed by California cattle ranchers. First, as expected …

The certified quality ensures full recognition from consumers and the firm competition in the
market. The certification can be understood as a net of relationships along the supply chain …