Examination of existence of the law of one price at Czech meat markets

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F12%3A55124" target="_blank" >RIV/60460709:41110/12:55124 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Examination of existence of the law of one price at Czech meat markets

Popis výsledku v původním jazyce

This paper deals with the problem of the law of one price. The topic is examined on wholesaler level of pig meat and beef meat agri-food chains in the Czech Republic. The aim of the paper is to examine whether the law of one price holds at these markets.To fulfill the aim the multivariate time series analysis is employed, concretely co-integration analysis and Vector error correction model (VECM). The analysis is based on time series of wholesale price in individual regions of the Czech Republic whichcontain bi-weekly data in period from May 2004 to June 2011. The analysis shows that the law of one price does not hold at both markets. However, if the transaction costs are omitted there might be found some regions where it works. Finally, some dominant as well as submissive regions were detected at both pig meat as well as beef meat market.

Název v anglickém jazyce

Examination of existence of the law of one price at Czech meat markets

Popis výsledku anglicky

This paper deals with the problem of the law of one price. The topic is examined on wholesaler level of pig meat and beef meat agri-food chains in the Czech Republic. The aim of the paper is to examine whether the law of one price holds at these markets.To fulfill the aim the multivariate time series analysis is employed, concretely co-integration analysis and Vector error correction model (VECM). The analysis is based on time series of wholesale price in individual regions of the Czech Republic whichcontain bi-weekly data in period from May 2004 to June 2011. The analysis shows that the law of one price does not hold at both markets. However, if the transaction costs are omitted there might be found some regions where it works. Finally, some dominant as well as submissive regions were detected at both pig meat as well as beef meat market.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

GA - Zemědělská ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GPP402%2F11%2FP591" target="_blank" >GPP402/11/P591: Modelování asymetrických cenových přenosů v zemědělsko-potravinářských vertikálách a jejich teoreticko-empirické implikace</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

AGRIS on-line Papers in Economics and Informatics

ISSN

1804-1930

e-ISSN

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Svazek periodika

IV

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

9

Strana od-do

39-47

Kód UT WoS článku

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EID výsledku v databázi Scopus

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