Vertical Price Transmission of Perishable Products: The Case of Fresh Fruits in the Western United States
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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.