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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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PUBLIC POLICY IN VERTICALLY RELATED MARKETS: A COURNOT OLIGOPOLY-OLIGOPSONY MODEL AgEcon
Desquilbet, Marion; Guyomard, Herve.
We use a partial equilibrium two-country model, with two vertically related markets, with perfect competition in the primary good sector and with a fixed number of processing firms in each country, characterized by a Cournot behavior upstream and downstream. In the first stage of the game, the government of the exporting country chooses the level of price instruments on both goods. The targeting principle is used to characterize optimal intervention in presence of a minimum revenue constraint towards primary producers. Keywords: vertically related markets, imperfect
Tipo: Conference Paper or Presentation Palavras-chave: Vertically related markets; Imperfect competition; Industrial Organization; International Relations/Trade; F1; H2; L1; Q1.
Ano: 1999 URL: http://purl.umn.edu/21561
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