Asymmetry in beef, lamb and pork farm-retail price transmission in Australia
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The hypothesis of asymmetry in price transmission within the Australian meat market is tested using monthly
data for beef, lamb and pork prices at different market levels over the period 1971-1988. The results indicate that
asymmetrical price response is a strategy used by beef and lamb retailers and wholesalers to adjust to changing input
prices, but not by pork retailers and wholesalers. This difference is perhaps unexpected given the similarity in
behaviours relating to price levelling in this market, the high cross-price elasticities of demand between these meats,
and the relatively greater degree of concentration in the pork market.