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A Cointegration Analysis of the Long-Run Supply Response of Spanish Agriculture to the Common Agricultural Policy.

Mendez, Jose; Mora, Ricardo; Mesonada, Carlos San Juan - EconWPA - 2005

Using cointegration techniques, we estimate two models that capture the long-term relationship between Spanish prices and agricultural production. The models were estimated over Spanish agricultural data from 1970 to 2000, a period spanning Spain’s implementation of the Common Agricultural...

Persistent link: https://www.econbiz.de/10005556480

Cheap Food Policy: Fact or Rhetoric

Miller, James; Coble, Keith - EconWPA - 2005

The term “cheap food policy” has frequently been used as a descriptor for U.S. commodity programs by those who contend these payments to farmers ultimately result in lower food costs for consumers. More recently, farm policy has been criticized for contributing to the obesity problem in the...

Persistent link: https://www.econbiz.de/10005118889

Holiday Price Rigidity and Cost of Price Adjustment

Levy, Daniel; Muller, Georg; Dutta, Shantanu; Bergen, Mark - EconWPA - 2004

Using unique retail and wholesale price data for 4,532 products carried by a major Midwestern grocery retailer, we find evidence of significant retail price rigidity during the Thanksgiving through Christmas holiday period relative to the rest of the year. We suggest that this pattern of holiday...

Persistent link: https://www.econbiz.de/10005126197

Modelling the effects of subsistence on Bulgarian agricultural performance

Kostov, Philip; Lingard, John - EconWPA - 2004

The paper demonstrates the effects that the largely ignored, phenomenon of subsistence farming can have on agricultural development in countries in transition. The problem of subsistence consists of the different economic behaviour of subsistence farms compared to commercial ones. The paper...

Persistent link: https://www.econbiz.de/10005134586

On the nature of Bulgarian subsistence agriculture

Kostov, Philip; Lingard, John - EconWPA - 2004

In most countries of Central and Eastern Europe the process of transition to market economy resulted in an increasingly subsistence type of agriculture. The extent of subsistence farming varies from one country to another, but the phenomenon is universally present. The very existence, yet...

Persistent link: https://www.econbiz.de/10005407813

When Little Things Mean a Lot: On the Inefficiency of Item Pricing Laws

Bergen, Mark; Levy, Daniel; Ray, Sourav; Rubin, Paul; … - EconWPA - 2004

-pricing laws because the States vary in their use of item-pricing laws, but otherwise offer similar markets and chains operating in …

Persistent link: https://www.econbiz.de/10005412533

The Magnitude of Menu Costs: Direct Evidence from Large U.S. Supermarket Chains

Levy, Daniel; Bergen, Mark; Dutta, Shantanu; Venable, Robert - EconWPA - 2005

We use store-level data to document the exact process of changing prices and to directly measure menu costs at five multi-store supermarket chains. We show that changing prices in these establishments is a complex process, requiring dozens of steps and a nontrivial amount of resources. The menu...

Persistent link: https://www.econbiz.de/10005412630

Heterogeneity in Price Rigidity: Evidence from a Case Study Using Micro-Level Data

Levy, Daniel; Dutta, Shantanu; Bergen, Mark - EconWPA - 2004

We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and spot prices for twelve products. These time series contain two exogenous cost shocks. We find that prices exhibit more rigidity in response to the second shock than the first. The...

Persistent link: https://www.econbiz.de/10005412696

Price Adjustment at Multiproduct Retailers

Levy, Daniel; Dutta, Shantanu; Bergen, Mark; Venable, Robert - EconWPA - 2005

We empirically study the price adjustment process at multiproduct retail stores. We use a unique store level data set for five large supermarket and one drugstore chains in the U.S., to document the exact process required to change prices. Our data set allows us to study this process in great...

Persistent link: https://www.econbiz.de/10005412912

Market integration for agricultural output markets in Peru: the role of public infrastructure

Escobal, Javier; Vásquez, Arturo - EconWPA - 2005

markets. Using daily price series for the most important agricultural crop in Peru (potato), in 10 cities from 1995 to 2001 …, we show that there is enough evidence to conclude that agricultural markets are spatially integrated. However we also … markets. A Threshold Cointegration Model is used to asses the speed of adjustment towards the equilibrium, the presence of …

Persistent link: https://www.econbiz.de/10005556218