Red Meat Price Spikes in Turkey
AbstractThis article addresses the recent red meat price spikes in Turkey. Most arguments point to impacts of low milk prices leading to liquidation of dairy herds, and big retailers’ market power exertion. Because credible quantity data are lacking, we concentrate on price transmission along the beef marketing channel. The results reveal a differential impact on producers and retailers; price adjustment is asymmetric and bi-directional (i.e., both cost and demand driven) with price margins widening. The problem may be concentration and market power, specifically at the retail level, but due to lack of quantity data that cannot be determined with certainty.
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Bibliographic InfoPaper provided by Mardin Artuklu Univeristy, Department of Economics in its series Working Papers with number 2012-02.
Length: 30 pages
Date of creation: Oct 2012
Date of revision:
Contact details of provider:
Postal: Mardin Artuklu Univeristy Sosyal Bilimler Enstitusu Diyarbakir Yolu, Yenisehir Mardin, 47100 Turkey
Web page: http://iktisat.artuklu.edu.tr/
More information through EDIRC
dairy herd liquidation; oligopoly behavior; price adjustment; price asymmetry; red meat price spike; Turkey;
Find related papers by JEL classification:
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
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