Price formation and transmission along the food commodity chain
The article is focused on analysis of price transmission along the wheat commodity chain in the Czech Republic, with the distinction on wheat products with low value added (wheat flour), respectively high value added (wheat rolls). The degree of vertical price transmission is measured to identify po...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Mendel University Press
2012-01-01
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| Series: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| Subjects: | |
| Online Access: | https://acta.mendelu.cz/60/4/0031/ |
| _version_ | 1811284834277916672 |
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| author | Ivana Blažková Pavel Syrovátka |
| author_facet | Ivana Blažková Pavel Syrovátka |
| author_sort | Ivana Blažková |
| collection | DOAJ |
| description | The article is focused on analysis of price transmission along the wheat commodity chain in the Czech Republic, with the distinction on wheat products with low value added (wheat flour), respectively high value added (wheat rolls). The degree of vertical price transmission is measured to identify potential market failures, because asymmetric price transmission can be the result of existence of market power within the food commodity chain. The data basis is made up from monthly prices on partial markets of the analyzed commodity chain published by Czech Statistical Office and Ministry of Agriculture of the Czech Republic. The monitored time period is from January 2000 till October 2009. The analysis is based on calculation of the price transmission elasticity coefficient (evaluation of price transmission along the chain) and the intensity of dependency of positive and negative inter-market price differences (evaluation whether positive or negative price changes are better transmitted among particular vertical markets). Time lag is tested as well. The assessment of price transmission along the wheat commodity chain confirmed the existence of market power especially on the retail stage and low impact of price changes of farm prices on final consumer food prices. |
| first_indexed | 2024-04-13T02:35:33Z |
| format | Article |
| id | doaj.art-16a4dda23aaf4b37b539d485abf29d99 |
| institution | Directory Open Access Journal |
| issn | 1211-8516 2464-8310 |
| language | English |
| last_indexed | 2024-04-13T02:35:33Z |
| publishDate | 2012-01-01 |
| publisher | Mendel University Press |
| record_format | Article |
| series | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| spelling | doaj.art-16a4dda23aaf4b37b539d485abf29d992022-12-22T03:06:23ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102012-01-01604313610.11118/actaun201260040031Price formation and transmission along the food commodity chainIvana Blažková0Pavel Syrovátka1Ústav regionální a podnikové ekonomiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republikaÚstav ekonomie, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republikaThe article is focused on analysis of price transmission along the wheat commodity chain in the Czech Republic, with the distinction on wheat products with low value added (wheat flour), respectively high value added (wheat rolls). The degree of vertical price transmission is measured to identify potential market failures, because asymmetric price transmission can be the result of existence of market power within the food commodity chain. The data basis is made up from monthly prices on partial markets of the analyzed commodity chain published by Czech Statistical Office and Ministry of Agriculture of the Czech Republic. The monitored time period is from January 2000 till October 2009. The analysis is based on calculation of the price transmission elasticity coefficient (evaluation of price transmission along the chain) and the intensity of dependency of positive and negative inter-market price differences (evaluation whether positive or negative price changes are better transmitted among particular vertical markets). Time lag is tested as well. The assessment of price transmission along the wheat commodity chain confirmed the existence of market power especially on the retail stage and low impact of price changes of farm prices on final consumer food prices.https://acta.mendelu.cz/60/4/0031/wheat commodity chainprice transmissionelasticity of price transmissionmarket power |
| spellingShingle | Ivana Blažková Pavel Syrovátka Price formation and transmission along the food commodity chain Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis wheat commodity chain price transmission elasticity of price transmission market power |
| title | Price formation and transmission along the food commodity chain |
| title_full | Price formation and transmission along the food commodity chain |
| title_fullStr | Price formation and transmission along the food commodity chain |
| title_full_unstemmed | Price formation and transmission along the food commodity chain |
| title_short | Price formation and transmission along the food commodity chain |
| title_sort | price formation and transmission along the food commodity chain |
| topic | wheat commodity chain price transmission elasticity of price transmission market power |
| url | https://acta.mendelu.cz/60/4/0031/ |
| work_keys_str_mv | AT ivanablazkova priceformationandtransmissionalongthefoodcommoditychain AT pavelsyrovatka priceformationandtransmissionalongthefoodcommoditychain |