Further Results on Asymmetry in Farm-Retail Price Transmission under Spatial Monopoly
This work suggests that the range of parametric configurations which give rise to a strictly convex farm-retail price transmission function is wider than that identified by Azzam (1999). As a matter of fact, Azzam's implicit result (that is, a strictly convex aggregate demand function leads always to a strictly concave price transmission function) emerges only as a particular case of the result obtained here for large elasticity of aggregate demand and patient enough retailers.
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Volume (Year): 6 (2008)
Issue (Month): 1 (August)
Pages: 1-11
| Handle: | RePEc:bpj:bjafio:v:6:y:2008:i:1:n:7 |
| Contact details of provider: | Web page: http://www.degruyter.com
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| Order Information: | Web: http://www.degruyter.com/view/j/jafio |
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