In this paper we analyze vertical price transmission in two typical Italian wheat chains -pasta and bread- that were particularly affected by strong market fluctuations during 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. Then, for the different sub periods detected by the breaks dates, we investigate the evolving price transmission elasticities
The effects of agricultural price instability on vertical price transmission : a study on wheat chain / M. Peri, L. Baldi. ((Intervento presentato al 28. convegno International conference of Agricultural economists tenutosi a Foz do Iguaçu nel 2012.
The effects of agricultural price instability on vertical price transmission : a study on wheat chain
M. Peri;L. Baldi
2012
Abstract
In this paper we analyze vertical price transmission in two typical Italian wheat chains -pasta and bread- that were particularly affected by strong market fluctuations during 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. Then, for the different sub periods detected by the breaks dates, we investigate the evolving price transmission elasticities
Pubblicazioni consigliate
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
