A new econometric test for asymmetric price adjustment by cointegration vector restrictions with an application to the U.S. and Dutch pork chains
| dc.creator | Kuiper, W. Erno | |
| dc.creator | Pennings, Joost M.E. | |
| dc.creator | Verhees, Frans J.H.M. | |
| dc.date | 2017-04-01T19:23:50Z | |
| dc.date.accessioned | 2026-07-09T05:45:31Z | |
| dc.description | A new test of asymmetric price adjustment is proposed on the basis of the super-consistent cointegrating vector estimator in the Johansen (1995) cointegrating procedure. The super-consistency makes the test robust to misspecifications in the short-run model. Application of the test to the price spreads in the Dutch and U.S. pork chains reveals that in the Netherlands wholesalers might obtain extra price margin as a consequence of asymmetric price adjustment vis-à-vis the farmers. | |
| dc.identifier | doi:10.22004/ag.econ.114685 | |
| dc.identifier | https://ageconsearch.umn.edu/record/114685/files/Kuiper_W.%20Erno_584.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/114685 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/567968 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/114685 | |
| dc.title | A new econometric test for asymmetric price adjustment by cointegration vector restrictions with an application to the U.S. and Dutch pork chains | |
| dc.type | Text |