7 research outputs found
How price affects the demand for food in Australia: Australian domestic demand elasticities for rural marketing and policy
Thermomechanical Treatments for the Production of thick Recrystallized 8090 Al-Li Sheet.
The Wool Debt, the Wool Stockpile and the National Interest: Did the Garnaut Committee Get it Right?
Auction price anomalies: Evidence from wool auctions in Australia
Using detailed Australian wool auction data we test for further evidence of pricing anomalies at sequential auctions. We find that an anomaly frequently exists and order is frequently endogenously determined. Moreover, prices increase through some sales and decrease through others. We examine whether it is possible to explain the variation in the anomaly across sales and conclude that there is no systematic relationship between the direction of the price anomaly and the characteristics of the wool or the auction. We do, however, find evidence that an anomaly, is more likely in longer sales