| An economic model was developed to gain an understanding of price flows in the markets for New York Red Delicious and New York McIntosh apples. Price transmission processes of two apple products, fresh apples and apple juice, are analyzed and compared. Specific emphasis is placed on evaluating price lags and price asymmetry, two factors which complicate the flow of prices between market levels. Results indicate that retail prices of fresh New York Red Delicious apples and fresh New York McIntosh apples respond more fully to wholesale price increases than wholesale price decreases. Results suggest that wholesale prices of fresh New York Red Delicious and fresh New York McIntosh apples are not determined by shipping point price increases and decreases.... |
