Data/hora: 01/06/2024 05:48:42

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | An Econometric Analysis of Price Dynamics in the Presence of a Price Floor:  The Case of American Cheese
Autores: | Chavas,   Jean-Paul; Kim,   Kwansoo.
Data: | 2008-09-29
Ano: | 2005
Palavras-chave: | Censored regression; Market liberalization; Model selection; Price dynamics; Price volatility; Demand and Price Analysis; Q0; D4; C5.
Resumo: | In this paper, we present an econometric analysis for the effects of a price floor on price dynamics and price volatility. A price floor (implemented as a part of government pricing policy) provides a censoring mechanism for price determination. We specify and estimate a dynamic Tobit model under time-varying volatility.  The model is applied to analyze the effects of a price support program on price dynamics and price volatility in the U.S. American cheese market.  The econometric analysis provides useful insights on price dynamics in the presence of a government-determined price floor.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/43628
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 37, Number 01, April 2005
Formato: | 15