This is the first paper to analyze the impact of biofuels on the price transmission along the food chain. Specifically, we analyze the U.S. corn sector and its vertical links to food and ethanol markets. The key result of this paper is that the presence of biofuels affects the price transmission...

The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analysis is carried out on selected EU prices for tomatoes and cauliflowers collected on some of the main production and consumption markets. It is based on the estimation of an time-varying threshold...

The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analysis is carried out on selected EU prices for tomatoes and cauliflowers collected on some of the main production and consumption markets. It is based on the estimation of an time-varying threshold...

The objectives of this research are to investigate the influence of geographical distance on the cointegration relationship in order to increase knowledge on the issue, and to indentify its role in Brazilian agricultural markets. With this intention, the cointegration framework is applied...

The price transmission between markets is often interpreted as providing insights into the market’s infrastructure efficiency and transaction costs. Thus, finding a possible explanation for the degree of integration has become an issue of special interest. Recent researchers have pointed out...

In the last two years, Ukraine exported an average of 11 million tons of wheat per year (USDA) and has become an important player in the international wheat market. This paper examines the nature of the short- and long-run wheat price dynamics between Ukraine and other major wheat exporters -...

The study of marketing margins and price transmission on various commodity markets hasbeen a popular research topic of the past decades (see MEYER, VON CRAMONTAUBADEL,2004, for a recent survey), however with a few exceptions these studiesfocused on developed economies. In this paper we examine...

A termékpályák tagoltsága, a termékpálya-fázisok eltérő koncentráltságábólfakadó piaci formák a tevékenységi láncban kialakult áralkukat, valamint az elérhető árnyereséget, illetve árveszteséget meghatározzák. A számítási eredményeketa piac szereplőinek...

This work provides a comparison of methodologies for applied research in price transmission analysis. We compare two regime-dependent econometric models, namely the threshold vector error correction model and the Markov-switching vector error correction model. We first provide a conceptual...

Selected Paper prepared for presentation at the Agricultural & Applied EconomicsAssociation’s 2011 AAEA & NAREA Joint Annual Meeting, Pittsburgh, Pennsylvania, July 24-26, 2011. (Poster Presentation)