The market for traceability with applications to U.S. feeder cattle
Abstract For voluntary traceability programs, a key interest for program designers and policymakers is how to encourage participation. We contend that participating in voluntary traceability can be viewed as a product characteristic, and thus serves as a source of product differentiation. We study t...
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| Veröffentlicht in: | European review of agricultural economics 2021-07, Vol.48 (3), p.447-476 |
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| container_title | European review of agricultural economics |
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| creator | Mitchell, James Tonsor, Glynn T Schulz, Lee |
| description | Abstract
For voluntary traceability programs, a key interest for program designers and policymakers is how to encourage participation. We contend that participating in voluntary traceability can be viewed as a product characteristic, and thus serves as a source of product differentiation. We study the implicit market for traceability systems for the first known time. In our empirical example, we use stated choice experiments to link feeder cattle sellers and buyers through premiums and discounts for cattle traceability systems. Using results from discrete choice models, we simulate changes in traceability supply and demand in response to prices and policies. We find that cost-share policies might be an effective way of encouraging participation for feeder cattle sellers and could serve as an alternative to mandating traceability. |
| doi_str_mv | 10.1093/erae/jbaa027 |
| format | Article |
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For voluntary traceability programs, a key interest for program designers and policymakers is how to encourage participation. We contend that participating in voluntary traceability can be viewed as a product characteristic, and thus serves as a source of product differentiation. We study the implicit market for traceability systems for the first known time. In our empirical example, we use stated choice experiments to link feeder cattle sellers and buyers through premiums and discounts for cattle traceability systems. Using results from discrete choice models, we simulate changes in traceability supply and demand in response to prices and policies. We find that cost-share policies might be an effective way of encouraging participation for feeder cattle sellers and could serve as an alternative to mandating traceability.</description><identifier>ISSN: 0165-1587</identifier><identifier>EISSN: 1464-3618</identifier><identifier>DOI: 10.1093/erae/jbaa027</identifier><language>eng</language><publisher>UK: Oxford University Press</publisher><subject>Cattle ; Decision making models ; Differentiation ; Discounts ; Discrete choice ; Experiments ; Markets ; Participation ; Policy making ; Premiums ; Prices ; Pricing policies ; Product differentiation ; Supply & demand</subject><ispartof>European review of agricultural economics, 2021-07, Vol.48 (3), p.447-476</ispartof><rights>The Author(s) 2020. Published by Oxford University Press on behalf of the Foundation for the European Review of Agricultural Economics. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com 2020</rights><rights>The Author(s) 2020. Published by Oxford University Press on behalf of the Foundation for the European Review of Agricultural Economics. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c353t-4297ca3acea00d8115db82f2ebb5472adb1233898383e7f8d071f119efecffd63</citedby><cites>FETCH-LOGICAL-c353t-4297ca3acea00d8115db82f2ebb5472adb1233898383e7f8d071f119efecffd63</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,1584,27866,27924,27925</link.rule.ids></links><search><creatorcontrib>Mitchell, James</creatorcontrib><creatorcontrib>Tonsor, Glynn T</creatorcontrib><creatorcontrib>Schulz, Lee</creatorcontrib><title>The market for traceability with applications to U.S. feeder cattle</title><title>European review of agricultural economics</title><description>Abstract
For voluntary traceability programs, a key interest for program designers and policymakers is how to encourage participation. We contend that participating in voluntary traceability can be viewed as a product characteristic, and thus serves as a source of product differentiation. We study the implicit market for traceability systems for the first known time. In our empirical example, we use stated choice experiments to link feeder cattle sellers and buyers through premiums and discounts for cattle traceability systems. Using results from discrete choice models, we simulate changes in traceability supply and demand in response to prices and policies. We find that cost-share policies might be an effective way of encouraging participation for feeder cattle sellers and could serve as an alternative to mandating traceability.</description><subject>Cattle</subject><subject>Decision making models</subject><subject>Differentiation</subject><subject>Discounts</subject><subject>Discrete choice</subject><subject>Experiments</subject><subject>Markets</subject><subject>Participation</subject><subject>Policy making</subject><subject>Premiums</subject><subject>Prices</subject><subject>Pricing policies</subject><subject>Product differentiation</subject><subject>Supply & demand</subject><issn>0165-1587</issn><issn>1464-3618</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp90M9LwzAUB_AgCs7pzT8g4MGL3fKSpkmPMvwFAw9u55K2LyyzLjXJkP33dnTgzVN44cP38b6E3AKbASvFHIPB-bY2hnF1RiaQF3kmCtDnZMKgkBlIrS7JVYxbNsxCqglZrDZIv0z4xEStDzQF06CpXefSgf64tKGm7zvXmOT8LtLk6Xr2MaMWscVAh-_U4TW5sKaLeHN6p2T9_LRavGbL95e3xeMya4QUKct5qRojjvmMtRpAtrXmlmNdy1xx09bAhdClFlqgsrplCixAiRYba9tCTMndmNsH_73HmKqt34fdsLLiUnHJda71oB5G1QQfY0Bb9cENFx4qYNWxpupYU3WqaeB05Nj4nYt_WBXAhACVD-R-JH7f_x_2CwuXc4E</recordid><startdate>20210701</startdate><enddate>20210701</enddate><creator>Mitchell, James</creator><creator>Tonsor, Glynn T</creator><creator>Schulz, Lee</creator><general>Oxford University Press</general><general>Oxford Publishing Limited (England)</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>8BJ</scope><scope>DHY</scope><scope>DON</scope><scope>FQK</scope><scope>JBE</scope><scope>U9A</scope></search><sort><creationdate>20210701</creationdate><title>The market for traceability with applications to U.S. feeder cattle</title><author>Mitchell, James ; Tonsor, Glynn T ; Schulz, Lee</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c353t-4297ca3acea00d8115db82f2ebb5472adb1233898383e7f8d071f119efecffd63</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Cattle</topic><topic>Decision making models</topic><topic>Differentiation</topic><topic>Discounts</topic><topic>Discrete choice</topic><topic>Experiments</topic><topic>Markets</topic><topic>Participation</topic><topic>Policy making</topic><topic>Premiums</topic><topic>Prices</topic><topic>Pricing policies</topic><topic>Product differentiation</topic><topic>Supply & demand</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Mitchell, James</creatorcontrib><creatorcontrib>Tonsor, Glynn T</creatorcontrib><creatorcontrib>Schulz, Lee</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>European review of agricultural economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Mitchell, James</au><au>Tonsor, Glynn T</au><au>Schulz, Lee</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The market for traceability with applications to U.S. feeder cattle</atitle><jtitle>European review of agricultural economics</jtitle><date>2021-07-01</date><risdate>2021</risdate><volume>48</volume><issue>3</issue><spage>447</spage><epage>476</epage><pages>447-476</pages><issn>0165-1587</issn><eissn>1464-3618</eissn><abstract>Abstract
For voluntary traceability programs, a key interest for program designers and policymakers is how to encourage participation. We contend that participating in voluntary traceability can be viewed as a product characteristic, and thus serves as a source of product differentiation. We study the implicit market for traceability systems for the first known time. In our empirical example, we use stated choice experiments to link feeder cattle sellers and buyers through premiums and discounts for cattle traceability systems. Using results from discrete choice models, we simulate changes in traceability supply and demand in response to prices and policies. We find that cost-share policies might be an effective way of encouraging participation for feeder cattle sellers and could serve as an alternative to mandating traceability.</abstract><cop>UK</cop><pub>Oxford University Press</pub><doi>10.1093/erae/jbaa027</doi><tpages>30</tpages><oa>free_for_read</oa></addata></record> |
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| ispartof | European review of agricultural economics, 2021-07, Vol.48 (3), p.447-476 |
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| language | eng |
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| source | PAIS Index; Oxford University Press Journals All Titles (1996-Current) |
| subjects | Cattle Decision making models Differentiation Discounts Discrete choice Experiments Markets Participation Policy making Premiums Prices Pricing policies Product differentiation Supply & demand |
| title | The market for traceability with applications to U.S. feeder cattle |
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