Does The Reduction In Peanut Prices Benefit Peanut Butter Consumers?
Using monthly data, we find evidence of both short- and long-run asymmetry of price transmission from peanut to peanut butter prices. This suggests that the asymmetry is more likely a result of imperfect competition than of competitive profit maximizing inventory management. Effects of producer support policy changes are discussed.
|Date of creation:||2004|
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