Asymmetry in farm-retail price transmission in the Turkish fluid milk market
作者： Mustafa Smihan , Ahmet Bayaner , Ozgur Bor
DOI:
关键词: Economics 、 Limit price 、 Error correction model 、 Market power 、 Price level 、 Macroeconomics 、 Cointegration 、 Producer price index 、 Yield (finance) 、 Mid price 、 Monetary economics
摘要: This study investigates the price asymmetry in farm-retail transmission Turkish fluid milk market. An asymmetric error correction model is applied on monthly data, and results suggest that there a positive That is, retail prices tend to adjust more quickly input increases than their decreases which yield welfare losses consumers. In addition, cointegration imply significant market power Therefore, of this paper support view retailers (as well as processors) can exercise highlighted by responses
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