Asymmetry in farm-retail price transmission in the Turkish fluid milk market

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dc.authorwosidbor, ozgur/AAI-2118-2020
dc.contributor.authorBor, Ozgur
dc.contributor.authorSmihan, Mustafa
dc.contributor.authorBayaner, Ahmet
dc.contributor.otherEconomics
dc.date.accessioned2024-10-06T11:00:05Z
dc.date.available2024-10-06T11:00:05Z
dc.date.issued2014
dc.departmentAtılım Universityen_US
dc.department-temp[Bor, Ozgur; Smihan, Mustafa] Atilim Univ, Dept Econ, Ankara, Turkey; [Bayaner, Ahmet] Akdeniz Univ, Dept Business Adm Konyaalti, Fac Econ & Business Adm IIBF, TR-07058 Antalya, Turkeyen_US
dc.description.abstractThis 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.en_US
dc.description.woscitationindexScience Citation Index Expanded
dc.identifier.citation14
dc.identifier.doi[WOS-DOI-BELIRLENECEK-279]
dc.identifier.endpage8en_US
dc.identifier.issn1594-5685
dc.identifier.issue2en_US
dc.identifier.scopusqualityQ3
dc.identifier.startpage2en_US
dc.identifier.urihttps://hdl.handle.net/20.500.14411/9072
dc.identifier.volume13en_US
dc.identifier.wosWOS:000340081000001
dc.identifier.wosqualityQ3
dc.institutionauthorBor, Özgür
dc.language.isoenen_US
dc.publisherBononia Univ Pressen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectprice asymmetryen_US
dc.subjectretail pricesen_US
dc.subjectmilken_US
dc.subjectError Correction Modelen_US
dc.subjectTurkeyen_US
dc.titleAsymmetry in farm-retail price transmission in the Turkish fluid milk marketen_US
dc.typeArticleen_US
dspace.entity.typePublication
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relation.isAuthorOfPublication.latestForDiscovery85f31805-3fc5-4124-ba7e-88cc716e0102
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