Price transmission dynamics for quality-certified food products: A comparison between conventional and organic fluid milk in Italy

摘要: Despite the vast number of works investigating price transmission (PT) processes in diverse agrifood markets, very little has been said about quality‐differentiated products. In this paper, we compare conventional and organic fluid milk sectors Italy to better understand economic organization functioning one most important agrifoods Italy. Using a unique dataset featuring processor retail (scanner) prices for two types milk, estimate Momentum‐Threshold Autoregressive models account asymmetric movements both sectors, but PT results are eventually symmetric. The Vector Error Correction Model estimations Impulse Response Functions analysis provide significant insights into differences between markets. [EconLit citations: Q130, Q110, C590]