Maynard, Leigh J.; Dillon, Carl R.; Carter, Joy - In: Journal of Agricultural and Applied Economics 33 (2001) 01
Some suppliers of broilers without giblets (WOG) offer customers a choice between paying Urner Barry's WOG quote or a formula price based on futures prices. From a buyer's perspective, the formula price examined in this study is second-degree stochastic dominant. The formula price allows the...