Showing 1 - 10 of 143
This paper shows the impact that investment in infrastructure may have on the efficiency of agricultural products … show that there is short term disequilibria that affect the efficiency with which price information is transmitted across … efficiency between markets. However, other elements susceptible of government intervention, such as availability of information …
Persistent link: https://www.econbiz.de/10005556218
Vector autoregressions are used to model price transmission through the coffee processing chain, from producers to the world market and from the world market to consumers. A comparison is made of price dynamics against a backdrop of two very different market structures: pre-1989, producers...
Persistent link: https://www.econbiz.de/10005556496
In this study, we empirically examine the extent of price rigidity using a unique store-level time series data set - consisting of (i) actual retail transaction prices, (ii) actual wholesale transaction prices which represent both the retailers' costs and the prices received by manufacturers,...
Persistent link: https://www.econbiz.de/10005561335
The paper assesses the usefulness of selective hedging strategies when combined with forecast techniques in the live hog contract. The use of routine futures and options hedging is not attractive relative to a cash-only strategy. However, forecasting and hedging can contribute to price risk...
Persistent link: https://www.econbiz.de/10005561582
Market gardening has been increasing fast in Senegal. But farmers face high marketing risks: daily price fluctuations exceed an average 20% for some products, seasonality is strong, anticipation based on prices leads to cyclic movements. Farmers and market operators have found various forms of...
Persistent link: https://www.econbiz.de/10005561831
This paper explores the potential for futures contracts in tropical (hardwood) plywood, one of the few major internationally traded commodities for which there is no yet a futures market. Commodity characteristics and market structures and practices that have an impact on the feasibility of a...
Persistent link: https://www.econbiz.de/10005126115
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
Multiproduct optimal hedging is compared to alternative hedging strategies as applied to a Midwestern cattle feeder. One-period feeding margin hedge ratios are estimated using weekly cash and futures price data from a simulation of a custom feedlot for 1983-1995. Hedge ratios are estimated using...
Persistent link: https://www.econbiz.de/10005134698
's model of market efficiency in which individuals who consistently earn trading returns have superior access to information or …
Persistent link: https://www.econbiz.de/10005134728
This paper deals with the estimation of optimal hedge ratios. A number of recent papers have demonstrated that the ordinary least squares (OLS) method which gives constant hedge ratio is inappropriate and recommended the use of bivariate autoregressive conditional heteroskedastic (BGARCH) model....
Persistent link: https://www.econbiz.de/10005134730