“Spatial Price Transmission and Trade in the European Dairy Sector” by Zoltán BAKUCS, Zsófia BENEDEK and Imre FERTŐ was published in AGRIS on-line Papers in Economics and Informatics.
There exists a large literature on spatial price transmission in agro-food sectors, but research on milk sector is relatively limited. In addition, we cannot generalize the results of these studies due to their diversity in terms of methodology, periods and countries. The aim of the paper is precisely to generalize, or at least broaden the evidence on horizontal price transmission in European Union dairy market. We employ two stages approach. First, we test whether Law of One Price exists among European Union member states. Second, we try to explain our findings based on gravity model framework in a binary choice setting. Our results are in line with theoretical expectations: the volume of milk traded and Eurozone membership positively, the geographical distance negatively affects the probability of perfect price transmission. In addition, we show that horizontal price transmission is dependent on political group variables (New Member States versus Old Member States).
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“PARENTAL JOB LOSS, SECONDARY SCHOOL COMPLETION AND HOME ENVIRONMENT” by Tamás HAJDU, Gábor KERTESI and Gábor KÉZDI was published in Acta Oeconomica. Abstract This ... Details »
Trading Networks with Frictions by Tamás FLEINER, Ravi JAGADEESAN, Zsuzsanna JANKÓ and Alexander TEYTELBOYM was published in Econometrica. download article here Share this:FacebookLinkedInTwitter
“The multiplier effect of local food: the protocol of a systematic review” was presented by Imre FERTŐ at the EAAE (European Association of Agricultural ... Details »