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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/62156489:43310/20:43918820

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 14th International Scientific Conference INPROFORUM

ISBN

978-80-7394-824-5

ISSN

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e-ISSN

2336-6788

Počet stran výsledku

4

Strana od-do

101-104

Název nakladatele

Jihočeská univerzita v Českých Budějovicích

Místo vydání

České Budějovice

Místo konání akce

České Budějovice

Datum konání akce

5. 11. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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