Asymmetric Price Transmission as a Consequence of the Uneven Distribution of Market Power in the Food Commodity Chain

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F20%3A43918820" target="_blank" >RIV/62156489:43110/20:43918820 - isvavai.cz</a>
Alternative codes found
RIV/62156489:43310/20:43918820
Result on the web
<a href="http://ocs.ef.jcu.cz/files/site/INPROFORUM%202020_ConferenceProceeding.pdf" target="_blank" >http://ocs.ef.jcu.cz/files/site/INPROFORUM%202020_ConferenceProceeding.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Asymmetric Price Transmission as a Consequence of the Uneven Distribution of Market Power in the Food Commodity Chain
Original language description
The paper deals with the analysis of price transmission within the food commodity chain. The aim of the study is to evaluate the price transmission within the commodity chain of butter production in the period of January 2008 - August 2018 in the Czech Republic and to assess, to what extent the results are affected by the distribution of market power within the analysed commodity chain. Methodologically, the analysis of the intensity of price transmission is based on the calculation of the elasticity of price transmission coefficients (EPT). The intensity of the dependence of positive and negative inter-market price differences was evaluated and the time lag was tested as well. The existence of greater market power of the finalizing stage in the commodity chain, i.e. trade, was confirmed. This is evidenced by the asymmetric price transmission and the better price transmission in the case of price increases than in the case of price decreases. At the same time, inelastic price transmission in the demand direction was found, i.e. from the retail market towards the agricultural market.
Czech name
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Czech description
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Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 14th International Scientific Conference INPROFORUM
ISBN
978-80-7394-824-5
ISSN
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e-ISSN
2336-6788
Number of pages
4
Pages from-to
101-104
Publisher name
Jihočeská univerzita v Českých Budějovicích
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Nov 5, 2020
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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