ASYMMETRIC VALUE OF PRECONDITIONING PROGRAMS FOR FEEDER CATTLE

Preconditioning is not new but has received considerable attention in recent years. This research addresses two questions. Are buyers of preconditioned feeder calves paying a price premium close to the performance benefits expected from preconditioning? Is there information asymmetry in the value to the buyers compared with the premium they pay? Buyers paid a price premium but less than the expected performance gains. Thus, the hypothesis of asymmetry of information between buyers and sellers could not be confirmed.


Issue Date:
2002
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/36559
Total Pages:
20
Series Statement:
Selected Paper of the 2002 Annual Meeting, July 28-31, 2002, Long Beach, California




 Record created 2017-04-01, last modified 2017-08-25

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