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Does Price Asymmetry Exist In Commodity and Energy Markets? AgEcon
Wixson, Sarah E.; Katchova, Ani L..
Recent increases in the price of crude oil have led to a rise in the prominence of corn-based ethanol as an alternative source of energy. As a result linkages have been established between commodity and energy prices. The aim of this study is to determine if soybeans, corn, wheat, oil, and ethanol adjust their prices asymmetrically depending on whether their actual price is over- or under-predicted with respect to one another. This study’s goal of determining if asymmetric price relationships exist is accomplished by using monthly time series price data incorporated into a distributed lag error correction model distinguishing between positive and negative price difference and positive and negative values of the error correction term. The primary results...
Tipo: Conference Paper or Presentation Palavras-chave: Asymmetric price adjustment; Grain prices; Crude oil prices; Ethanol prices; Error correction model; Agribusiness; Agricultural Finance; Demand and Price Analysis; Marketing; Resource /Energy Economics and Policy; Q11; Q13; Q42.
Ano: 2011 URL: http://purl.umn.edu/103735
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The Role of Specialty Food Stores and Farmers' Markets in the Procurement of Local Foods AgEcon
Wixson, Sarah E.; Katchova, Ani L.; Woods, Timothy A.; Hu, Wuyang.
The demand for locally produced foods has been increasing. Concurrently, specialty food stores focusing on specific food attributes have also grown in popularity along with farmers’ markets. This study examines how the importance that consumers place on whether specific foods are locally produced affects the likelihood to shop at specialty food stores and farmers’ markets. The major findings indicate that consumers who value locally produced fruits and vegetables are more likely to shop at these markets. Therefore, these markets are well positioned within local food networks to take advantage of the increasing demand for local foods, particularly for fresh products.
Tipo: Conference Paper or Presentation Palavras-chave: Food Stores; Farmers Markets; Local Foods; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Marketing; Q13.
Ano: 2011 URL: http://purl.umn.edu/97969
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Price Asymmetric Relationships in Commodity and Energy Markets AgEcon
Wixson, Sarah E.; Katchova, Ani L..
Recent increases in the price of crude oil have led to a rise in the prominence of corn-based ethanol as an alternative source of energy. As a result linkages have been established between commodity and energy prices. The aim of this study is to determine if soybeans, corn, wheat, oil, and ethanol adjust their prices asymmetrically depending on whether their actual price is over or under-predicted with respect to one another. This study’s goal of determining if asymmetric price relationships exist is accomplished by using monthly time series price data incorporated into a distributed lag error correction model distinguishing between positive and negative price difference and positive and negative values of the error correction terms. The primary results...
Tipo: Presentation Palavras-chave: Commodity prices; Energy prices; Price asymmetry; Risk and Uncertainty; Q13.
Ano: 2012 URL: http://purl.umn.edu/122553
Registros recuperados: 3
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