Price Determination and Margin Volatility in Thinly Traded Commodity Markets: An Application to Major U.S. Field Crops
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.258577
Download full text from publisher
References listed on IDEAS
- Tian Xia & Richard J. Sexton, 2004. "The Competitive Implications of Top-of-the-Market and Related Contract-Pricing Clauses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(1), pages 124-138.
- Kiesel Kristin & Villas-Boas Sofia B, 2007.
"Got Organic Milk? Consumer Valuations of Milk Labels after the Implementation of the USDA Organic Seal,"
Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 5(1), pages 1-40, April.
- Kiesel, Kristin & Villas-Boas, Sofia Berto, 2007. "Got Organic Milk? Consumer Valuations of Milk Labels after the Implementation of the USDA Organic Seal," CUDARE Working Papers 7187, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Villas-Boas, Sofia B & Kiesel, Kristin, 2007. "Got Organic Milk? Consumer Valuations of Milk Labels after the Implementation o f the USDA Organic Seal," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5593m46q, Department of Agricultural & Resource Economics, UC Berkeley.
- Kiesel, Kristin & Villas-Boas, Sofia B, 2007. "Got Organic Milk? Consumer Valuations of Milk Labels after the Implementation of the USDA Organic Seal," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9sx3j5hv, Department of Agricultural & Resource Economics, UC Berkeley.
- McBride, William D. & Greene, Catherine & Foreman, Linda & Ali, Mir, 2015. "The Profit Potential of Certified Organic Field Crop Production," Economic Research Report 262208, United States Department of Agriculture, Economic Research Service.
- Dannenberg, Astrid, 2009. "The dispersion and development of consumer preferences for genetically modified food -- A meta-analysis," Ecological Economics, Elsevier, vol. 68(8-9), pages 2182-2192, June.
- Batte, Marvin T. & Hooker, Neal H. & Haab, Timothy C. & Beaverson, Jeremy, 2007.
"Putting their money where their mouths are: Consumer willingness to pay for multi-ingredient, processed organic food products,"
Food Policy, Elsevier, vol. 32(2), pages 145-159, April.
- Batte, Marvin T. & Hooker, Neal H. & Haab, Timothy C. & Beaverson, Jeremy, 2006. "Putting Their Money Where Their Mouths Are: Consumer Willingness to Pay for Multi-Ingredient, Processed Organic Food Products," Working Papers 204879, Ohio State University, Department of Agricultural, Environmental and Development Economics.
- Enders, Walter & Siklos, Pierre L, 2001.
"Cointegration and Threshold Adjustment,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 19(2), pages 166-176, April.
- Enders, Walter & Siklos, Pierre L., 1998. "Cointegration and Threshold Adjustment," ISU General Staff Papers 199810010700001306, Iowa State University, Department of Economics.
- Tom Doan, "undated". "ENDERSIKLOS: RATS procedure to perform Enders-Siklos test for cointegration with threshold effect," Statistical Software Components RTS00064, Boston College Department of Economics.
- Tom Doan, "undated". "RATS programs to replicate Enders-Siklos(2001) JBES paper on threshold cointegration," Statistical Software Components RTZ00053, Boston College Department of Economics.
- Sichel, Daniel E, 1993.
"Business Cycle Asymmetry: A Deeper Look,"
Economic Inquiry, Western Economic Association International, vol. 31(2), pages 224-236, April.
- Sichel, D.E., 1988. "Business Cycle Asymmetry: A Deeper Look," Papers 85, Princeton, Department of Economics - Financial Research Center.
- Daniel E. Sichel, 1989. "Business cycle asymmetry: a deeper look," Working Paper Series / Economic Activity Section 93, Board of Governors of the Federal Reserve System (U.S.).
- Tong Zhang & B. Wade Brorsen, 2010. "The Long-Run and Short-Run Impact of Captive Supplies on the Spot Market Price: An Agent-Based Artificial Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(4), pages 1181-1194.
- Nadine Würriehausen & Rico Ihle & Sebastian Lakner, 2015. "Price relationships between qualitatively differentiated agricultural products: organic and conventional wheat in Germany," Agricultural Economics, International Association of Agricultural Economists, vol. 46(2), pages 195-209, March.
- Michael Sykuta & Joseph Parcell, 2003.
"Contract Structure and Design in Identity-Preserved Soybean Production,"
Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(2), pages 332-350.
- Michael Sykuta & Joseph Parcell, 2003. "Contract Structure and Design in Identity-Preserved Soybean Production," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(2), pages 332-350.
- Samuel F. Clark, 2009. "The Profitability of Transitioning to Organic Grain Crops in Indiana," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1497-1504.
- Sun, Changyou, 2011. "Price dynamics in the import wooden bed market of the United States," Forest Policy and Economics, Elsevier, vol. 13(6), pages 479-487, July.
- Fernandez-Cornejo, Jorge & Livingston, Michael J. & Mitchell, Lorraine & Wechsler, Seth, 2014. "Genetically Engineered Crops in the United States," Economic Research Report 164263, United States Department of Agriculture, Economic Research Service.
- Clark, Samuel F., 2009. "“The Profitability of Transitioning to Organic Grain Crops in Indiana”," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 91(5), pages 1-9, August.
- Marvin L. Hayenga, 1979. "Risk Management in Imperfect Markets: Commodity Procurement Strategy in the Food Manufacturing Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 351-357.
- Ariel Singerman & Sergio H. Lence & Amanda Kimble‐Evans, 2014.
"How Related Are the Prices of Organic and Conventional Corn and Soybean?,"
Agribusiness, John Wiley & Sons, Ltd., vol. 30(3), pages 309-330, June.
- Singerman, Ariel & Lence, Sergio H. & Kimble-Evans, Amanda, 2013. "How Related Are the Prices of Organic and Conventional Corn and Soybean?," Staff General Research Papers Archive 37467, Iowa State University, Department of Economics.
- Singerman, Ariel & Lence, Sergio H & Kimble-Evans, Amanda, 2014. "How Related Are the Prices of Organic and Conventional Corn and Soybean?," ISU General Staff Papers 201401010800001069, Iowa State University, Department of Economics.
- Delate, K. M. & Cambardella, C. & Chase, Craig A. & Johanns, Ann M. & Turnbull, Robert, 2013. "The Long-Term Agroecological Research (LTAR) Experiment Supports Organic Yields, Soil Quality, and Economic Performance in Iowa," Staff General Research Papers Archive 37500, Iowa State University, Department of Economics.
- Elliott, Graham & Rothenberg, Thomas J & Stock, James H, 1996.
"Efficient Tests for an Autoregressive Unit Root,"
Econometrica, Econometric Society, vol. 64(4), pages 813-836, July.
- Graham Elliott & Thomas J. Rothenberg & James H. Stock, 1992. "Efficient Tests for an Autoregressive Unit Root," NBER Technical Working Papers 0130, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "GLSDETREND: RATS procedure to perform local to unity GLS detrending," Statistical Software Components RTS00077, Boston College Department of Economics.
- Tom Doan, "undated". "ERSTEST: RATS procedure to perform Elliott-Rothenberg-Stock unit root tests," Statistical Software Components RTS00066, Boston College Department of Economics.
- Enders, Walter & Granger, Clive W J, 1998.
"Unit-Root Tests and Asymmetric Adjustment with an Example Using the Term Structure of Interest Rates,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 16(3), pages 304-311, July.
- Enders, Walter & Granger, C. W. J., 1998. "Unit Root Tests and Asymmetric Adjustment with an Example Using the Term Structure of Interest Rates," Staff General Research Papers Archive 1388, Iowa State University, Department of Economics.
- Tom Doan, "undated". "RATS programs to replicate Enders/Granger JBES(1998)on threshold unit roots," Statistical Software Components RTZ00054, Boston College Department of Economics.
- Jayson L. Lusk & Jutta Roosen & John A. Fox, 2003.
"Demand for Beef from Cattle Administered Growth Hormones or Fed Genetically Modified Corn: A Comparison of Consumers in France, Germany, the United Kingdom, and the United States,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(1), pages 16-29.
- Lusk, Jayson L. & Roosen, Jutta & Fox, John A., 2001. "Demand For Beef From Cattle Administered Growth Hormones Or Fed Genetically Modified Corn: A Comparison Of Consumers In France, Germany, The United Kingdom, And The United States," 2001 Annual meeting, August 5-8, Chicago, IL 20684, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Delate, K. M. & Duffy, Michael & Chase, Craig A. & Holste, A. & Friedrich, H. & Wantate, N, 2003. "An Economic Comparison of Organic and Conventional Grain Crops in a Long-Term Agroecological Research (Ltar) Site in Iowa," Staff General Research Papers Archive 11818, Iowa State University, Department of Economics.
- Kiesel Kristin & Villas-Boas Sofia B, 2007.
"Got Organic Milk? Consumer Valuations of Milk Labels after the Implementation of the USDA Organic Seal,"
Journal of Agricultural & Food Industrial Organization,
De Gruyter, vol. 5(1), pages 1-40, April.
- Kiesel, Kristin & Villas-Boas, Sofia B, 2007. "Got Organic Milk? Consumer Valuations of Milk Labels after the Implementation of the USDA Organic Seal," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9sx3j5hv, Department of Agricultural & Resource Economics, UC Berkeley.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Raszap Skorbiansky, Sharon & Ferreira, Gustavo C., 2018. "Analysis of Fraud Incidents in the U.S. Organic Market," 2018 Annual Meeting, August 5-7, Washington, D.C. 273856, Agricultural and Applied Economics Association.
- Kassouri, Yacouba & Altıntaş, Halil, 2020. "Threshold cointegration, nonlinearity, and frequency domain causality relationship between stock price and Turkish Lira," Research in International Business and Finance, Elsevier, vol. 52(C).
- Njindan Iyke, Bernard, 2015.
"On The Term Structure of South African Interest Rates: Cointegration and Threshold Adjustment,"
MPRA Paper
67681, University Library of Munich, Germany.
- Bernard Njindan Iyke, 2015. "On the Term Structure of South African Interest Rates: Cointegration and Threshold Adjustment," Working Papers 557, Economic Research Southern Africa.
- Iyke, Bernard Njindan, 2015. "Electricity consumption and economic growth in Nigeria: A revisit of the energy-growth debate," Energy Economics, Elsevier, vol. 51(C), pages 166-176.
- repec:asi:ajoerj:2013:p:420-432 is not listed on IDEAS
- Bernard Njindan Iyke, 2017. "On the term structure of South African interest rates: cointegration and threshold adjustment," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 9(4), pages 300-321.
- Khanal, Aditya R. & Mishra, Sachin K & Honey, Ummey, 2018. "Certified organic food production, financial performance, and farm size: An unconditional quantile regression approach," Land Use Policy, Elsevier, vol. 78(C), pages 367-376.
- Hallstein, Eric & Villas-Boas, Sofia Berto, 2009.
"Are Consumers Color Blind?: an empirical investigation of a traffic light advisory for sustainable seafood,"
CUDARE Working Papers
120535, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Villas-Boas, Sofia B & Hallstein, Eric, 2013. "Are Consumers Color Blind? An Empirical Investigation of a Traffic Light Advisory for Sustainable Seafood," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4gw7w7cf, Department of Agricultural & Resource Economics, UC Berkeley.
- Ning, Zhuo & Sun, Changyou, 2014. "Vertical price transmission in timber and lumber markets," Journal of Forest Economics, Elsevier, vol. 20(1), pages 17-32.
- Massimo Guidolin & Stuart Hyde & David McMillan & Sadayuki Ono, 2014.
"Does the Macroeconomy Predict UK Asset Returns in a Nonlinear Fashion? Comprehensive Out-of-Sample Evidence,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 76(4), pages 510-535, August.
- Massimo Guidolin & Stuart Hyde & David McMillan & Sadayuki Ono, 2010. "Does the macroeconomy predict U.K. asset returns in a nonlinear fashion? comprehensive out-of-sample evidence," Working Papers 2010-039, Federal Reserve Bank of St. Louis.
- Zacharias Bragoudakis & Dimitrios Sideris, 2019. "Asymmetric price adjustment and the effects of structural reforms in a low income environment: the case of the gasoline market in Greece," Working Papers 274, Bank of Greece.
- Xie, Zixiong & Chen, Shyh-Wei & Wu, An-Chi, 2019. "Asymmetric adjustment, non-linearity and housing price bubbles: New international evidence," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
- Chen, Shyh-Wei & Xie, Zixiong, 2017. "Asymmetric adjustment and smooth breaks in dividend yields: Evidence from international stock markets," International Review of Economics & Finance, Elsevier, vol. 48(C), pages 339-354.
- Andrew Phiri, 2020.
"Structural changes in exchange rate-stock returns dynamics in South Africa: examining the role of crisis and new trading platform,"
Economic Change and Restructuring, Springer, vol. 53(1), pages 171-193, February.
- Phiri, Andrew, 2018. "Structural changes in exchange rate-stock returns dynamics in South Africa: Examining the role of crisis and new trading platform," MPRA Paper 85826, University Library of Munich, Germany.
- Andrew Phiri, 2018. "Structural changes in exchange rate-stock returns dynamics in South Africa: Examining the role of crisis and new trading platform," Working Papers 1816, Department of Economics, Nelson Mandela University, revised Apr 2018.
- Zouheir Ahmed Mighri & Majid Ibrahim Alsaggaf, 2019. "Asymmetric Threshold Cointegration and Nonlinear Adjustment between Oil Prices and Financial Stress," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 87-105.
- Villas-Boas, Sofia B & Taylor, Rebecca & Krovetz, Hannah, 2016.
"Willingness to Pay for Low Water Footprint Food Choices During Drought,"
Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series
qt9vh3x180, Department of Agricultural & Resource Economics, UC Berkeley.
- Hannah Krovetz & Rebecca Taylor & Sofia Villas-Boas, 2017. "Willingness to Pay for Low Water Footprint Food Choices During Drought," NBER Working Papers 23495, National Bureau of Economic Research, Inc.
- Alam, M.J. & Gomez, M.I. & Patino, M., 2018. "Price Transmission within the Citrus Sector in Brazil: Evidence of Market Inefficiency," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 276976, International Association of Agricultural Economists.
- Xie, Zixiong & Chen, Shyh-Wei, 2015. "Are there periodically collapsing bubbles in the REIT markets? New evidence from the US," Research in International Business and Finance, Elsevier, vol. 33(C), pages 17-31.
- Abbas Valadkhani & Sajid Anwar & Amir Arjomandi, 2014. "Downward stickiness of interest rates in the Australian credit card market," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 19(1), pages 52-65, January.
- Stefano Mainardi, 2018.
"Fishing vessel efficiency, skipper skills and hake pricetransmission in a small island economy,"
Review of Agricultural, Food and Environmental Studies, INRA Department of Economics, vol. 99(3-4), pages 215-251.
- Stefano Mainardi, 2018. "Fishing vessel efficiency, skipper skills and hake price transmission in a small island economy," Review of Agricultural, Food and Environmental Studies, Springer, vol. 99(3), pages 215-251, December.
- Mainardi, Stefano, 2018. "Fishing vessel efficiency, skipper skills and hake pricetransmission in a small island economy," Review of Agricultural, Food and Environmental Studies, Institut National de la Recherche Agronomique (INRA), vol. 99(3-4), September.
- Christopher Martin & Costas Milas, 2010. "Financial Market Liquidity and the Financial Crisis: An Assessment Using UK Data," International Finance, Wiley Blackwell, vol. 13(3), pages 443-459, December.
More about this item
Keywords
Demand and Price Analysis; Research Methods/Statistical Methods; Industrial Organization;
All these keywords.Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea17:258577. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaeaaea.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.