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| Registros recuperados: 46 | |
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| Hockmann, Heinrich; Voneki, Eva. |
| The paper discusses the impact of market power in the Hungarian milk chain. In a first step a vector error correction model is estimates to assess whether a domestic market for raw milk exists. Since the answer was positive we proceed by developing a structural market model of the Hungarian market for raw milk that is able to identify a possible affect of market power on resource allocation. A nonlinear 3SLS approach was applied to estimate the supply and the demand for raw milk. The results provide that despite the high concentration of in dairy processing the indications for market poser are rather limited. The Bertrand like equilibrium can be attributed to the low degree of capacity utilization in dairy processing and the marketing alternative of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Market power; Market integration; Dairy; Hungary.; Livestock Production/Industries; Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/7805 |
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| Zant, Wouter. |
| We investigate measurement of market integration of staple food markets in developing countries. The analysis takes the Parity Bound Model as starting point and modifies this model by parameterizing and estimating transaction costs. The specification of transaction costs takes account of transport costs, fixed source costs, fixed destination costs, ad valorem taxes & levies and seasonality an is implemented on the basis of a specific sub-sample of price differentials. Price differentials combined with predicted transaction costs enable the measurement of market integration for each location and each period. The proposed method is applied to the Malawi maize market with monthly data from June 1999 to October 2009 for 26 districts. This period covers two... |
| Tipo: Journal Article |
Palavras-chave: Food markets; Transaction costs; Trade; Market integration; Parity Bound Model; Malawi; Africa; Crop Production/Industries; Marketing; F14; Q13. |
| Ano: 2010 |
URL: http://purl.umn.edu/95777 |
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| Rosado, Patricia Lopes; Maciel, Marilia Fernandes; Lima, Joao Eustaquio de. |
| Objetivou-se, neste trabalho, analisar o padrão e o grau de integração dos mercados de suínos nos diferentes estados brasileiros, no período de janeiro de 1980 a março de 2005. foram analisados aspectos relacionados à forma de relacionamento entre eles e à determinação dos mercados mais ou menos integrados. além do mais, analisaram-se os fatores que determinam o grau de integração entre esses mercados. O método utilizado neste estudo foi o de séries temporais, mais especificamente a análise de co-integração multivariada de modo geral, observou-se que o mercado brasileiro de suínos apresentou grande dinamismo em relação ao comportamento dos preços nas diferentes localidades que compõem o mercado, considerando que todos os ajustes ocorreram relativamente... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Integração de mercado; Suínos e co-integração multivariada; Market integration; Swine e multivariate co-integration; Livestock Production/Industries. |
| Ano: 2008 |
URL: http://purl.umn.edu/109794 |
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| Brosig, Stephan; Yakhshilikov, Yorbol. |
| Reliable marketing opportunities in both interregional and international trade along with relatively low transportation [and transaction] costs are essential to profitability of wheat production. In this study we have investigated one aspect of the quality of marketing and trade opportunities in the Kazakh wheat sector, that is the extent and nature of integration among regional wheat markets. We applied threshold cointegration technique to assess the co-movement between time series of elevator prices at three grain-trading (and producing) spots in the northern and central parts of the country. Results suggest that markets of two northern grain trading spots (Petropavlovsk and Kokshetau) are closely connected with each other while their connection with... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Kazakhstan; Price transmission; Market integration; Threshold cointegration; Crop Production/Industries; Marketing; C22; Q13. |
| Ano: 2005 |
URL: http://purl.umn.edu/14921 |
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| Hockmann, Heinrich; Svetlov, Nikolai M.. |
| A time series model is estimated to identify the interrelation among prices on the international and the EU domestic market for butter. Although the findings were not derived from a causal model, the inspection of the data provides economically reasonable and important insights in structural relationship between international and domestic prices. The fact that international prices in the EU and Oceania are causal for each other is an indication of an integrated market. Price transmission is not perfect suggesting that competition between the EU and Oceania exists, however, but not as intense as it could be expected for a homogeneous good like butter. The estimates provide that the EU absorbs price fluctuations form the word market. Interestingly, changes... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Dairy market; International trade; Market integration; Agribusiness; Productivity Analysis; F15; Q13; Q17. |
| Ano: 2006 |
URL: http://purl.umn.edu/25439 |
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| Miljkovic, Dragan. |
| This study addresses the issues of market integration in railroad industry analyzing the export-bound grain transportation. A spatial analysis involving four origin states (Illinois, Iowa, Minnesota and Nebraska) and two destinations (Mexican Gulf and Pacific Northwest) is conducted in order to determine if pricing practices by the same or different railroads in different regions are consistent. A system of structural equations is estimated and dynamic regression tests are conducted because of the dynamic nature of interregional trade and arbitrage activities. The results indicate that grain transportation market by rail is not perfectly integrated. This is primarily due to numerous mergers and combining of railroads that took place during the last twenty... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Grain transportation; Market integration; Railroad industry; International Relations/Trade; D4; L1; L9. |
| Ano: 1999 |
URL: http://purl.umn.edu/29236 |
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| van Campenhout, Bjorn. |
| Pushed by increasing availability of price data and extensive market liberalisation efforts in many developing countries, research on food market integration has evolved rapidly over the last two decades. Empirical methods to measure market integration diverged in two directions: on the one hand, there is the Parity Bounds Model (PBM), while on the other hand the use of Threshold Autoregressive (TAR) Models has been proposed. This article provides a discussion of the two methods and argues that TAR models are more able to capture the dynamics of the arbitrage process underlying interconnected markets. Furthermore, we extend the standard TAR model to include a time trend in both the threshold and the adjustment parameter. Using weekly maize price data on... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Market integration; Transaction costs; Thresholds; Maize; Tanzania; Agribusiness; F15; O18. |
| Ano: 2005 |
URL: http://purl.umn.edu/24718 |
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| Registros recuperados: 46 | |
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