Market Power And Asymmetry In Farm-Retail Price Transmission
A finite mixture model is used to examine whether price asymmetries exist in U.S. fresh strawberry markets. Two distinct pricing regimes are identified. Results show that price asymmetries exist only at 34 percent of the cases and market power has played an important role in generating such asymmetric price relationships.
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- Beard, T Randolph & Caudill, Steven B & Gropper, Daniel M, 1991. "Finite Mixture Estimation of Multiproduct Cost Functions," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 654-64, November.
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- Schroeter, John R. & Azzam, Azzeddine M., 1991.
"Marketing Margins, Market Power, and Price Uncertainty,"
Staff General Research Papers
11110, Iowa State University, Department of Economics.
- John Schroeter & Azzeddine Azzam, 1991. "Marketing Margins, Market Power, and Price Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 990-999.
- John Bernard & Lois Schertz Willett, 1998. "Broiler price transmission results and data periodicity," Applied Economics Letters, Taylor & Francis Journals, vol. 5(4), pages 221-224.
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