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Vertical price transmission in Swiss dairy and cheese value chains

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  • Judith Hillen

    (Agroscope)

Abstract

In Switzerland, there are separated value chains for dairy and cheese products, which differ in terms of industry concentration, value chain governance, and product characteristics. We analyze how milk prices are passed on along these different value chains. Using detailed price data on farm gate, wholesale, export, and retail levels, we apply asymmetric vector autoregressive and vector error correction models to study vertical price transmission in Swiss dairy and cheese chains. Contrary to most existing literature, we find almost no long-run price relationships and no significant asymmetries between the different stages and products and discuss the potential reasons.

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  • Judith Hillen, 2021. "Vertical price transmission in Swiss dairy and cheese value chains," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 9(1), pages 1-21, December.
  • Handle: RePEc:spr:agfoec:v:9:y:2021:i:1:d:10.1186_s40100-021-00187-3
    DOI: 10.1186/s40100-021-00187-3
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    3. Yovo, Koffi & Adabe, Kokou Edoh, 2022. "Asymmetry and transmission of international price shocks of cocoa and coffee in Togo," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 17(1), March.

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