Browsing by Author "Bayaner, Ahmet"

Now showing 1 - 2 of 2

Citation - WoS: 13
Citation - Scopus: 12
Asymmetry in Farm-Retail Price Transmission in the Turkish Fluid Milk Market
(Bononia Univ Press, 2014) Bor, Ozgur; Smihan, Mustafa; Bayaner, Ahmet; Economics
This study investigates the price asymmetry in farm-retail price transmission in the Turkish fluid milk market. An asymmetric error correction model is applied on the monthly price data, and the results suggest that there is a positive price asymmetry in the farm-retail price transmission in the Turkish milk market. That is, the retail prices tend to adjust more quickly to the input price increases than to their decreases which yield welfare losses to the consumers. In addition, cointegration results imply that there is a significant market power in the Turkish fluid milk market. Therefore, the results of this paper support the view that retailers (as well as processors) can exercise significant market power as highlighted by asymmetric price responses in the Turkish milk market.
Citation - WoS: 6
Citation - Scopus: 6
How Responsive Is the Crop Yield To Producer Prices? a Panel Data Approach for the Case of Turkey
(Edizioni dedalo S R L, 2009) Bor, Ozgur; Bayaner, Ahmet; Economics
The food crisis in 2008 clearly shows the importance of productivity in agriculture. This topic has recently become even more important since the countries are obliged to decrease their agricultural protection due to WTO rules which have an important effect on crop prices. As the global land area for agricultural production remains fixed, it is important to investigate how responsive productivity is to price changes. In this study, price responsiveness of yield is investigated by using balanced panel data from 15 provinces in Turkey. The results from a fixed effects model that controls for unobserved heterogeneity indicate that the relative prices of wheat to barley and wheat to fertilizer are important factors to determine productivity. The coefficients for the price of other crops as well as price of inputs, and average April and May rainfall are also found to be significant determinants of productivity.