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Full-Text Articles in Other Economics

Value Of Beef Steak Branding: Hedonic Analysis Of Retail Scanner Data, Lee L. Schulz, Ted C. Schroeder, Katharine L. White Jan 2012

Value Of Beef Steak Branding: Hedonic Analysis Of Retail Scanner Data, Lee L. Schulz, Ted C. Schroeder, Katharine L. White

Economics Publications

Consumers rely on experience and credence attributes when purchasing beef from retailers. It is essential for all beef industry sectors to recognize the complexity of consumer buying behavior. A hedonic model is estimated to determine if there are incentives to brand beef steaks, the types of brands that entertain price premiums, and the level of existing premiums. Most branded steaks garnered premiums along with organic claims, religious processing claims, and premium cuts. Factors influencing brand value were new brands targeting emerging consumer trends, brands with regional prominence, and brands positioned as special label, program/breed specific production, and store labels.


Testing For Cointegration In The Presence Of Moving Average Errors, Mindy Mallory, Sergio H. Lence Jan 2012

Testing For Cointegration In The Presence Of Moving Average Errors, Mindy Mallory, Sergio H. Lence

Economics Publications

This study explores performance of the Johansen cointegration statistics on data containing negative moving average (NMA) errors. Monte Carlo experiments demonstrate that the asymptotic distributions of the statistics are sensitive to NMA parameters, and that using the standard 5% asymptotic critical values results in severe underestimation of the actual test sizes. We demonstrate that problems associated with NMA errors do not decrease as sample size increases; instead, they become more severe. Further we examine evidence that many U.S. commodity prices are characterized by NMA errors. Pretesting data is recommended before using standard asymptotic critical values for Johansen’s cointegration ...