Combining market structure and econometric methods for pricetransmission analysis

Alejandro Acosta*, Rico Ihle, Stephan von Cramon-Taubadel

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)

Abstract

Much attention has been devoted in the literature to the analysis of price transmission along food supply chains. Price transmission analysis has traditionally focused on applying econometric methods to assess price dynamics and interrelationships. However, the exclusive application of econometric methods without considering the market’s institutional context has limited potential to support evidence-based policy-making. In recent years, studies have thus attempted to combine the use of quantitative and qualitative methods to better understand the level of performance of food value chains. This study contributes to broadening these empirical toolkits by suggesting a structured analytical framework that benefits from the simultaneous application of econometric and market-structure methods in price transmission analysis. To illustrate the application of the framework, we analyzed the milk market of Panama.

Original languageEnglish
Pages (from-to)941-951
JournalFood Security
Volume11
Issue number4
DOIs
Publication statusPublished - 15 Aug 2019

Keywords

  • Food Policy Design
  • Food Price Formation
  • Market Structure
  • Price Transmission

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