Price Transmission in Agricultural Markets

Autor: Stephan von Cramon-Taubadel, Barry K. Goodwin
Rok vydání: 2021
Předmět:
Zdroj: Annual Review of Resource Economics. 13:65-84
ISSN: 1941-1359
1941-1340
DOI: 10.1146/annurev-resource-100518-093938
Popis: We review recent developments in the analysis of price transmission in agricultural markets. Markets may be separated in time, form, and space (as well as in combinations of such factors). Transactions and storage costs as well as production and marketing factors delineate these markets. We show that much of the research on spatial market linkages has reflected methodological advances that have led to increasingly nonlinear time-series models. Advances in the theoretical and empirical literature over the last few decades have demonstrated that price relationships in the food chain are highly context specific. Improvements in marketing, information, and transportation technology have strengthened the links between prices in the food system, but at the same time links in the food chain are increasingly subject to vertical coordination and, thus, less visible to outside observers, including researchers.
Databáze: OpenAIRE