In this paper we analyze vertical price transmission in pasta and bread chains, typical Italian products that were particularly affected by strong market fluctuations over the last years. After having splitted the chains into two sides, upstream (farm-wholesale) and downstream (wholesale-retail), we apply a cointegration methodology allowing for the presence of potentially unknown structural breaks. Moreover, for the different sub periods detected by the breaks dates, we investigate price transmission elasticities
Structural breaks and vertical price transmission in bread and pasta chains / M. Peri, L. Baldi. ((Intervento presentato al convegno European Association of Agricultural Economists (EAAE) 2011 Congress : Change and Uncertainty Challenges for Agriculture, Food and Natural Resources tenutosi a Zurich, Switzerland nel 2011.
Structural breaks and vertical price transmission in bread and pasta chains
M. PeriPrimo
;L. BaldiUltimo
2011
Abstract
In this paper we analyze vertical price transmission in pasta and bread chains, typical Italian products that were particularly affected by strong market fluctuations over the last years. After having splitted the chains into two sides, upstream (farm-wholesale) and downstream (wholesale-retail), we apply a cointegration methodology allowing for the presence of potentially unknown structural breaks. Moreover, for the different sub periods detected by the breaks dates, we investigate price transmission elasticities
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