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Data from a survey of self-service grocery stores in New South Wales and Victoria is used to show that the surface of prices is not well explained by simple price theory. Also examined and tenatively explained are price differences between chain and non-chain stores and between metropolitan and...
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It has been generally agreed that Australia is a price follower on the world wheat market. However, to date, this has not been tested empirically. In this paper a transfer function model between prices of U.S.A. wheat and Australian wheat is set up to examine the existence, if any, of a...
Persistent link: https://www.econbiz.de/10005522629
Most published studies which consider the forecasting of agricultural prices have utilised the econometric technique. In many non-agricultural forecasting situations, the Box-Jenkins technique has been found to be of equal accuracy. This paper compares the forecasting accuracy of the Box-Jenkins...
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For tomatoes, potatoes, carrots and onions in the Sydney market, the degree of variability of the retail price is substantially lower than the degree of variability of the wholesale price. The objective here is to investigate whether fresh vegetable retailers in the Sydney market practice price...
Persistent link: https://www.econbiz.de/10005803749
In this paper the current state of supply modelling in agriculture is reviewed. It is argued that (I) the stock of knowledge of elasticities is depreciating, (2) historical estimates are misleading because many phenomena are confounded in few parameters, (3) available data are not being...
Persistent link: https://www.econbiz.de/10005803752
When trying to obtain an estimate of the demand function of households for certain food items, it is often convenient to express the demographic structure (size, age and sex composition) of individual households in terms of so many consumer (e.g. an adult male) equivalents. In many studies such...
Persistent link: https://www.econbiz.de/10005803756
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