The Transmission of Trends in Retail Food and Farm Prices

Reed, Albert J.; Clark, Jim

doi:10.2307/1244219

Cited by 4 publications

(1 citation statement)

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“…Another recent theme of research has been in the time series econometrics area, where the statistical properties of the major price series in a particular food chain are examined to infer industry behaviour from market outcomes. For example, Reed and Clark (1998) used these methods to reach the conclusion that analysts are more likely to reach a ¢nding of non-competitive market behaviour if they do not correctly account for the (statistical) characteristics of the data series they are using. These authors also make the point that`deciding whether markets are competitive rests not on whether an industry establishes a gap between price and marginal cost but on whether the gap is maintained over time and as capital moves in and out of the sector ' (1998, p. 1142).…”

Section: Time Series Methodsmentioning

confidence: 99%

Competition in the food marketing chain

Griffith

2000

Aus J Agri & Res Econ

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Competition in the Australian food marketing chain is of continuing concern, but little evidence is available to guide policy debate. In a search for broad guidelines, the theoretical and empirical evidence is reviewed and the recent report of the Joint Select Committee on the Retailing Sector is examined. Then publicly available data on several food groups are used to test for evidence of persistent market power. The purchasing behaviour of the grains and oilseeds processing sector is found to warrant more detailed attention. A possible research agenda and a call for greater attention to data requirements complete the article.

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Section: Time Series Methodsmentioning

confidence: 99%

Competition in the food marketing chain

Griffith

2000

Aus J Agri & Res Econ

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Asymmetric price transmission due to market power in the case of supply shocks

Peerlings¹,

Bunte²

2003

Agribusiness

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In this article the market power argument for explaining asymmetric price transmission due to market power in case of supply shocks is examined. Moreover, the potential welfare effects are examined. The analysis is performed using an extension of the Azzam and Schroeter (1995) model comprising both oligopsony and oligopoly instead of just oligopsony. The model is given empirical content using data on the Dutch cucumber chain and assuming Cournot competition among retailers who have market power on either the consumer|retail or growers|retail market or both. The results show that in case of a cucumber supply shock and market power, consumer prices change more than growers' prices. Moreover, total welfare effects of market power are small but potentially large income distribution effects exist. [EconLit citations: L130, Q130.] © 2003 Wiley Periodicals, Inc. Agribusiness 19: 19-28, 2003.

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Notes on farm‐retail price transmission and marketing margin behavior

Kinnucan

Zhang

2015

Agricultural Economics

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Perfect farm‐retail price transmission sometimes is taken to mean an elasticity of price transmission (EPT) equal to 1. We show that this definition is inconsistent with Gardner's (1975) model. We also show that the absolute marketing margin (defined as the difference between the retail price and farm price) responds differently to shifts in retail demand, input supply, and technical change in the marketers’ production function than does the relative marketing margin (defined as the ratio of the retail price to the farm price). The empirical implications of these results are discussed in some detail.

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The Transmission of Trends in Retail Food and Farm Prices

Cited by 4 publications

References 10 publications

Competition in the food marketing chain

Competition in the food marketing chain

Asymmetric price transmission due to market power in the case of supply shocks

Notes on farm‐retail price transmission and marketing margin behavior

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