Show simple item record

dc.contributor.authorMcKenzie, C. J.
dc.contributor.authorPhilpott, B. P.
dc.contributor.authorWoods, M. J.
dc.date.accessioned2009-07-10T03:35:49Z
dc.date.available2009-07-10T03:35:49Z
dc.date.issued1969-02
dc.identifier.urihttps://hdl.handle.net/10182/1124
dc.description.abstractEconometric analysis of the demand for raw wool at auction published by other authors has been mainly confined to an analysis of the determinants of the consumption of raw wool. However the purchaser of raw wool at auction must hold his purchases either in transit or in store for some months before either reselling or consuming wool in his own mills. Thus the conventional analysis of the determinants of the demand for wool for consumption is not directly relevant when considering the short run demand for wool at auction. As a result, models based on the conventional analysis do not adequately explain fluctuations in prices paid at auction in primary markets. An earlier attempt by Philpott to explain such fluctuations used annual data. Based on this earlier work we develop in this paper two models of quarterly demand for raw wool at auction and we test these models against quarterly data for the period 1952 to the first quarter of 1967.en
dc.language.isoenen
dc.publisherLincoln College. Agricultural Economics Research Unit.en
dc.relation.ispartofseriesDiscussion paper (Lincoln College (Canterbury, N.Z.). Agricultural Economics Research Unit) ; no. 8en
dc.subjectwool industryen
dc.subjectwool marketingen
dc.subjectwool pricingen
dc.subjecttextile industryen
dc.subjecteconomic aspectsen
dc.subjecteconometric modelsen
dc.titlePrice formation in the raw wool marketen
dc.typeDiscussion Paperen
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340201 Agricultural economicsen
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340205 Industry economics and industrial organisationen
dc.subject.marsdenFields of Research::340000 Economics::340400 Econometrics::340402 Econometric and statistical methodsen
lu.contributor.unitAgribusiness and Economics Research Uniten


Files in this item

Default Thumbnail

This item appears in the following Collection(s)

Show simple item record