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| Registros recuperados: 12 | |
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| Esposti, Roberto; Listorti, Giulia. |
| This paper analyses the horizontal transmission of cereal price shocks both across different market places and across different commodities. The analysis is carried out using Italian and international weekly spot (cash) price data and concentrating the attention on years 2006-2010, a period of generalized exceptional exuberance and consequent rapid drop of agricultural prices. The work aims at investigating how price transmission may be affected during price bubbles. The properties of price time series are firstly explored to assess which data generation process may have eventually produced the observed patterns. Secondly, the interdependence across prices is specified and estimated adopting appropriate cointegration techniques. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Price Transmission; Price Bubbles; Time Series Properties; Cointegration; Demand and Price Analysis; Q110; C320. |
| Ano: 2011 |
URL: http://purl.umn.edu/114338 |
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| Listorti, Giulia; Esposti, Roberto. |
| This paper aims at making the world price endogenous within the AGMEMOD modelling approach. This approach constructs country-level commodity market models where supply and demand sides are equalized on the basis of the observed domestic prices. These prices are endogenous as they depend (price transmission equation) on a EU key-price, which is, in turn, endogenously determined by the world price (price formation equation). The world prices, however, are assumed to be exogenous. To make the world price endogenous, we propose a system of equations where the EU key-price and the world price are simultaneously determined. This system of equations, written in a dynamic and error-correction form (VECM), substitutes the usual price-formation equation, while price... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Price Formation and Transmission; Commodity Market Models; VECM; Demand and Price Analysis; Research Methods/ Statistical Methods; Q110; Q170. |
| Ano: 2008 |
URL: http://purl.umn.edu/6659 |
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| Esposti, Roberto; Lobianco, Antonello. |
| This paper aims to summarize some of the major results emerging from simulating the impact of the CAP reform (the so-called Fischler Reform or Luxembourg Agreement, LA) within the AG-MEMOD model of the agri-food sector in Italy. The paper shows how the model generates impacts when alternative policy scenarios (Agenda 2000 vs. LA) are specified. As major evidence of this impact in the Italian case, the crop sector is dealt with in detail. In particular, the case of supplementary payments for durum wheat clarifies how the reform may specifically affect Mediterranean agriculture and how alternative specifications of the regime switch in durum wheat support relevantly influence the impact. |
| Tipo: Journal Article |
Palavras-chave: Common Agricultural Policy; Italian Agriculture; Commodity Market Models; Crop Production/Industries; Q110; Q180. |
| Ano: 2005 |
URL: http://purl.umn.edu/44091 |
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| Herrmann, Roland; Moeser, Anke. |
| A substantial degree of price rigidity has been reported for branded foods in various studies with scanner data. One possible explanation for price rigidity is the existence of psychological pricing points. We analyze to which extent psychological pricing plays a role in grocery retailing and whether it contributes to price rigidity of branded foods in Germany. Psychological pricing defined here as just-below-the-round-figure-pricing is empirically analyzed with scanner data of weekly prices for 20 food brands in 38 retail outlets from September 1996 to June 1999. Psychological pricing turned out to be extremely important in German food retailing. Branded food prices are remarkably sticky and psychological pricing points contribute strongly to price... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing; Q110; Q130. |
| Ano: 2005 |
URL: http://purl.umn.edu/19471 |
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| Isengildina-Massa, Olga; MacDonald, Stephen. |
| The purpose of this study was to analyze structural changes that took place in the cotton industry in recent years and develop a statistical model that reflects the current drivers of U.S. cotton prices. Legislative changes authorized the U.S. Department of Agriculture to resume publishing cotton price forecasts for the first time in 79 years. In addition, systematic problems have become apparent in the forecasting models used by USDA and elsewhere, highlighting the need for an updated review of price relationships. This study concluded that a structural break in the U.S. cotton industry occurred in 1999, and that world cotton supply has become an important determinant of U.S. cotton prices. China’s trade and production policy also continues to be an... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Forecasting; Cotton; Price; Demand; Trade; Structural change; Farm programs.; Demand and Price Analysis; Q100; Q110; Q130. |
| Ano: 2009 |
URL: http://purl.umn.edu/49324 |
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| Registros recuperados: 12 | |
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