Data/hora: 10/06/2024 08:15:03

Provedor de dados: 	31	
País: 	United States	
Título: 	An Econometric Analysis of Price Dynamics in the Presence of a Price Floor:  The Case of American Cheese	
Autores: 	Chavas,   Jean-Paul; Kim,   Kwansoo.	
Data: 	2008-09-29	
Ano: 	2005	
Palavras-chave: 	Censored regression; Market liberalization; Model selection; Price dynamics; Price volatility; Demand and Price Analysis; Q0; D4; C5.	
Resumo: 	In this paper, we present an econometric analysis for the effects of a price floor on price dynamics and price volatility. A price floor (implemented as a part of government pricing policy) provides a censoring mechanism for price determination. We specify and estimate a dynamic Tobit model under time-varying volatility.  The model is applied to analyze the effects of a price support program on price dynamics and price volatility in the U.S. American cheese market.  The econometric analysis provides useful insights on price dynamics in the presence of a government-determined price floor.	
Tipo: 	Journal Article	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/43628	
Relação: 	Journal of Agricultural and Applied Economics&gt;Volume 37, Number 01, April 2005	
Formato: 	15