Buyers of cherries trade initially without inspection. Upon receipt, buyers sometimes seek to renegotiate the earlier agreements. Empirical results suggest that changing market conditions, fruit quality, and characteristics of the trading partners significantly affect the probability that a trade is renegotiated.Demand and Price Analysis,

Schotzko, R. Thomas

Wilson, Wesley W.

English

Research Papers in Economics

although service is also of- Gal-Or, E.,

ers are not concerned about individual defects,

important in the sale of most fruits and vegeta-

Quality as a Determinant of Vegetable Having quality product is important, but knowing Prices.

receiver variables. Firms within the

the quality of the cherries on arrival. An interesting aspect of the defect issue is

to renegotiate price, and buyers wanting quality

PRICE ADJUSTMENTS IN CHERRY MARKETS

PRICE ADJUSTMENTS IN CHERRY MARKETS

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