Structure, conduct and the stochastic volatility of food markets: theory and empirics

Holloway, G. ORCID: https://orcid.org/0000-0002-2058-4504 and Bayaner, A. (2013) Structure, conduct and the stochastic volatility of food markets: theory and empirics. Environmental Economics, 4 (2). pp. 6-11. ISSN 1998-605X

Abstract/Summary

The relationship between price volatility and competition is examined. Atheoretic, vector auto regressions on farm prices of wheat and retail prices of derivatives (flour, bread, pasta, bulgur and cookies) are compared to results from a dynamic, simultaneous-equations model with theory-based farm-to-retail linkages. Analytical results yield insights about numbers of firms and their impacts on demand- and supply-side multipliers, but the applications to Turkish time series (1988:1-1996:12) yield mixed results.

Item Type	Article
URI	https://reading-clone.eprints-hosting.org/id/eprint/31926
Item Type	Article
Refereed	Yes
Divisions	Life Sciences > School of Agriculture, Policy and Development > Department of Agri-Food Economics & Marketing
Publisher	Business Perspectives
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