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Changes in Price Behavior in the U.S. Catfish Industry: Evidence Using Cointegration AgEcon
Hudson, Darren.
The implications of market development in the catfish industry on catfish price behavior are explored using cointegration. It is hypothesized that market development, through increases in competition between processors and shifts in consumer preferences toward fish, has caused changes in price behavior among levels of the catfish market. Using monthly catfish price data, a cointegration analysis of subsets of prices shows that price behavior has changed through time, with catfish prices becoming integrated as the number of processors has increased. These results may have implications for the examination of market price behavior in developing or emerging markets.
Tipo: Journal Article Palavras-chave: Catfish; Cointegration; Price behavior; Vertically related markets; Agribusiness; Demand and Price Analysis; Livestock Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/90441
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Consolidated Markets, Brand Competition, and Orange Juice Prices AgEcon
Binkley, James K.; Canning, Patrick N.; Dooley, Ryan; Eales, James S..
This paper examines how consolidation in the marketing system affects prices for orange juice. We isolated the pricing behavior of brand marketers, wholesalers, and retailers by observing the retail prices for specific orange juice products, including leading national brands and private label brands, in 54 U.S. markets over a 1-year period. The data provided little compelling evidence that consolidated markets engaged in non-competitive pricing behavior. Increased brand competition, particularly between private labels and leading national brands, did, however, appear to lower average market prices.
Tipo: Report Palavras-chave: Consumer demographics; National brands; Orange juice; Price behavior; Private labels; Wholesaler concentration; Retailer concentration; Demand and Price Analysis; Industrial Organization.
Ano: 2002 URL: http://purl.umn.edu/33659
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