Vertical price transmission of perishable products: The case of fresh fruits in the western United States

Byeong-il Ahn, Hyunok Lee

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

This paper investigates the asymmetry of price transmission in the marketing chain of shipping points and terminal markets for fresh fruits in the western United States. To preserve the distinct price patterns related to product perishability, we use data constructed at a fine time scale and representing the vertical markets linked with shipments. Using a decade of weekly data, we estimate the autoregressive distributed lag price transmission model and derive the dynamic multiplier effects of price responses. Our results indicate that the price adjustments and asymmetry patterns are closely related to product characteristics, especially the intensity of product perishability.

Original languageEnglish
Pages (from-to)405-424
Number of pages20
JournalJournal of Agricultural and Resource Economics
Volume40
Issue number3
Publication statusPublished - 2015 Sep 1

Keywords

  • Asymmetry
  • Dynamic multiplier responses
  • Marketing chain
  • Price transmission
  • Shipping point
  • Terminal market

ASJC Scopus subject areas

  • Economics and Econometrics
  • Agronomy and Crop Science
  • Animal Science and Zoology

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