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A Model of Weekly Price Discovery for Florida Celery: Reply

Published online by Cambridge University Press:  28 April 2015

J. Scott Shonkwiler  and
Emilio Pagoulatos
J. Scott Shonkwiler
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville
Emilio Pagoulatos
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville
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Extract

Nelson Updaw raises several issues concerning our study of weekly price discovery for Florida celery. His comments require some clarification and correction so that his criticisms can be allayed.

First, there appears to be some confusion surrounding the intraseasonal (semiweekly) operation of the Florida Celery Exchange and interseasonal acreage allotments. During the time period of our analysis (the 1972–1977 seasons) no marketing allotments were imposed by the Exchange as Updaw suggests; rather, the Exchange practiced only semiweekly price-setting activities, and acreage allotments were applicable on an annual basis only.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 12 , Issue 2 , December 1980 , pp. 163 - 164
Copyright
Copyright © Southern Agricultural Economics Association 1980

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References

Garber, Steven and Klepper, Steven. “Administered Prices or Competition Coupled with Errors of Measurement?” Internat. Econ. Rev. (June 1980):413-35.CrossRefGoogle Scholar
Scott, Shonkwiler J. and Pagoulatos, Emilio. “A Model of Weekly Price Discovery for Florida Celery.” J. Agr. Econ. 12(July 1980):113-18.Google Scholar
Updaw, Nelson J. “A model of Weekly Price Discovery for Florida Celery: Comment.” S. J. Agr. Econ. 12(Dec. 1980).Google Scholar
Wu, S. Y. “An Essay on Monopoly Power and Stable Price Policy.” Amer. Econ. Rev. 69(March 1979):62–72.Google Scholar