| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Asymmetric Transmission of Price Information Between the Meat Market of Finland and Other EU Countries - Testing for Signals on Oligopolistic Behaviour
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| Autores: |
Jalonoja, Kati
Liu, Xing
Pietola, Kyosti
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| Data: |
2006-05-12
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| Ano: |
2006
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| Palavras-chave: |
Demand and Price Analysis
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| Resumo: |
This paper estimates market integration between the Finnish and German pork and beef markets. An econometric error correction model that allows for threshold effects and asymmetric price response is estimated. The data are weekly price observations during the period of 1995-2004. Each price series have 520 observations. The results suggest that the Finnish beef prices are stationary and they are not co-integrated with the German price. Thus, the domestic and imported beef may be treated as different goods by consumers. The pork prices are integrated of the first order I(1) and they are also co-integrated. The threshold effects are significant and the price adjustment process is asymmetric, but slow in all regimes. The price transmission process has rigidities that may be a result from the concentrated processing and retailing sectors.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
21089
http://purl.umn.edu/11861
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| Editor: |
AgEcon Search
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| Relação: |
MTT Agrifood Research Finland>Discussion Papers
Discussion Papers 2-2006
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| Formato: |
29
application/pdf
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