The volatility of food prices still raises concerns among agricultural market players, increasing interest in the futures markets, thus calling for a better understanding connection between and Italian spot prices. This study uses symmetric asymmetric vector error correction models to investigate relationship markets soybean, corn, milling wheat. results confirm leading role contract all consid...

Abstract In Switzerland, there are separated value chains for dairy and cheese products, which differ in terms of industry concentration, chain governance, product characteristics. We analyze how milk prices passed on along these different chains. Using detailed price data farm gate, wholesale, export, retail levels, we apply asymmetric vector autoregressive error correction models to study ver...

We provide new tools for studying asymmetric first price auctions, connecting their equilibria to the ρ-concavity of the underlying type distributions, and showing how one can use surplus expressions for symmetric auctions to bound equilibrium behavior in asymmetric auctions. We apply these tools to studying procurement auctions in which, as is common in practice, one seller is given an advanta...

This paper analyzes the dynamic eff ects of anticipated and unanticipated oil price increases in a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private absorption. Common external oil price disturbances lead in this asymmetric macroeconomic setup to temporary divergences in output development...

Differences in price dynamics across retail chains, even for identical products, offer the opportunity to provide new insights into determinants of transmission. Specifically, we highlight role strategic complementarity and mark-up elasticities as factors underpinning Using supermarket data on a sample orange juice coffee products from seven largest chains UK, results show that ignoring exerts ...

There is an extensive literature on distance and border effects in trade, but little attention has been paid to the impact of distance and borders on spatial price transmission. We analyze distance and border effects in maize price transmission between Kenya, Tanzania and Uganda. Using monthly data from January 2000 to October 2008, maize price transmission is measured for 85 market pairs withi...