Pudenz, Schulz publish in American Journal of Agricultural Economics
PhD student Christopher Pudenz and Associate Professor Lee Schulz published in the most recent issue of American Journal of Agricultural Economics. Pudenz and Schulz authored the article "Multi-plant coordination in the U.S. beef packing industry," which uses a Salop Circular City framework---including negotiated and formula pricing---to demonstrate that multi-plant coordination leads to wider spreads between downstream beef prices and upstream fed cattle prices if multi-plant coordination markdowns outweigh multi-plant coordination efficiencies.
Multi-plant coordination in the U.S. beef packing industry
Christopher C. Pudenz and Lee L. Schulz
American Journal of Agricultural Economics
(Released March 2023)