Abstract
We study price transmission processes within EU pork markets after the implementation of the EU single market in 1993. We compare results derived from non-parametric regressions with those obtained using alternative non-linear threshold models. Both techniques support the hypothesis that prices are transmitted across spatially separate EU pig markets and provide evidence for asymmetric price adjustments. They also suggest the existence of a range of price differentials where equilibrating price adjustments are less intense. Non-parametric techniques often suggest a higher degree of price transmission than that implied by threshold models.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 415-436 |
| Number of pages | 22 |
| Journal | European Review of Agricultural Economics |
| Volume | 33 |
| Issue number | 3 |
| DOIs | |
| State | Published - Sep 2006 |
| Externally published | Yes |
Keywords
- Non-parametric methods
- Pork markets
- Price transmission
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics