Are There Price Asymmetries in the U.S. Beef Market?

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dc.contributor.author Bachmeier, Lance J.
dc.contributor.author Pozo, Veronica F.
dc.contributor.author Schroeder, Ted C.
dc.date.accessioned 2019-05-23T22:45:47Z
dc.date.available 2019-05-23T22:45:47Z
dc.identifier.uri http://hdl.handle.net/2097/39780
dc.description.abstract We examine price transmissions among farm, wholesale and retail U.S. beef markets using two types of retail price data, one collected by the Bureau of Labor Statistics (BLS), and the other one collected at the point of sale using electronic scanners. Using a test based on the simulation of nonlinear impulse response functions, we find no evidence of vertical asymmetric price transmissions in models estimated using scanner data. However, prices adjust asymmetrically in models estimated using BLS data. Because scanner prices are more reflective of actual consumer purchases, the U.S. beef market is not as inefficient as previous studies suggest. en_US
dc.language.iso en_US en_US
dc.rights This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s). en_US
dc.subject Price Asymmetry en_US
dc.subject BLS Prices en_US
dc.subject Scanner Prices en_US
dc.subject Nonlinear Impulse Response Functions en_US
dc.subject Beef Market en_US
dc.subject Threshold Vector Error Correction Models en_US
dc.title Are There Price Asymmetries in the U.S. Beef Market? en_US
dc.type Text en_US
dc.date.published 2019 en_US
dc.contributor.authoreid lanceb en_US


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