| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Price Transmission Asymmetries in the Spanish Lamb Sector
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| Autores: |
Ben Kaabia, Monia
Gil, Jose Maria
Boshnjaku, L.
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| Data: |
2006-05-25
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| Ano: |
2002
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| Palavras-chave: |
Price transmission
Asymmetries
TAR models
Lamb
Spain
Demand and Price Analysis
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| Resumo: |
The analysis of asymmetries in the price transmission mechanism at different levels of the marketing chain provides some interesting information about the degree of competition in vertical related markets. The objective of this paper is to investigate the non-linear adjustments of prices along the lamb sector in Spain. The methodology used is based on the multivariate approach to specify and estimate a Threshold Autoregressive Model. Price relationships at farm, wholesale and retail levels are considered. Results indicate that in the long-run price transmission is perfect and any supply or demand shocks are fully transmitted to all prices in the system. In the shortrun, analyses suggest that the high degree of horizontal concentration among retailers allow them to have market power. Responses to any shock generate an increase of the retail price spread which is more evident when prices show an upward trend.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
21639
http://purl.umn.edu/24908
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| Editor: |
AgEcon Search
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| Relação: |
European Association of Agricultural Economists>2002 International Congress, August 28-31, 2002, Zaragoza, Spain
Contributed Paper
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| Formato: |
18
application/pdf
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