Asymmetries in import-retail cost pass-through:analysis of the seafood value chain in Germany
This study examines the degree of price transmission in the German Alaska pollock, cod and salmon value chains. Moreover, in addition to aggregated market prices used in most studies, access to prices by retailer type allows investigation of different adjustment patterns by value chain. Using monthl...
Published in: | Aquaculture Economics & Management |
---|---|
Main Authors: | , |
Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
2017
|
Subjects: | |
Online Access: | https://curis.ku.dk/portal/da/publications/asymmetries-in-importretail-cost-passthrough(dfec73eb-a51e-4f74-928b-a2cf1ed61373).html https://doi.org/10.1080/13657305.2016.1262478 |
id |
ftcopenhagenunip:oai:pure.atira.dk:publications/dfec73eb-a51e-4f74-928b-a2cf1ed61373 |
---|---|
record_format |
openpolar |
spelling |
ftcopenhagenunip:oai:pure.atira.dk:publications/dfec73eb-a51e-4f74-928b-a2cf1ed61373 2024-05-19T07:27:38+00:00 Asymmetries in import-retail cost pass-through:analysis of the seafood value chain in Germany Ankamah-Yeboah, Isaac Bronnmann, Julia 2017 https://curis.ku.dk/portal/da/publications/asymmetries-in-importretail-cost-passthrough(dfec73eb-a51e-4f74-928b-a2cf1ed61373).html https://doi.org/10.1080/13657305.2016.1262478 eng eng info:eu-repo/semantics/closedAccess Ankamah-Yeboah , I & Bronnmann , J 2017 , ' Asymmetries in import-retail cost pass-through : analysis of the seafood value chain in Germany ' , Aquaculture Economics & Management , vol. 21 , no. 1 , pp. 71-87 . https://doi.org/10.1080/13657305.2016.1262478 Asymmetry Germany price transmission threshold cointegration article 2017 ftcopenhagenunip https://doi.org/10.1080/13657305.2016.1262478 2024-04-25T00:45:03Z This study examines the degree of price transmission in the German Alaska pollock, cod and salmon value chains. Moreover, in addition to aggregated market prices used in most studies, access to prices by retailer type allows investigation of different adjustment patterns by value chain. Using monthly average prices, the Johansen and consistent threshold cointegration models are estimated. The results indicate the presence of price transmission relationship and equilibrium adjustment asymmetries, such that agents only react to shocks when the deviation from equilibrium is above or below a certain nonzero threshold value. In most cases, retail outlets exercise market leadership in the Alaska pollock and cod chains while some bidirectional adjustments are observed in the salmon value chains. Overall, import prices adjust to deviations above the threshold value following a shock to the retail prices for Alaska pollock and cod. For salmon, deviations above the threshold value are generally not transmitted. This study examines the degree of price transmission in the German Alaska pollock, cod and salmon value chains. Moreover, in addition to aggregated market prices used in most studies, access to prices by retailer type allows investigation of different adjustment patterns by value chain. Using monthly average prices, the Johansen and consistent threshold cointegration models are estimated. The results indicate the presence of price transmission relationship and equilibrium adjustment asymmetries, such that agents only react to shocks when the deviation from equilibrium is above or below a certain nonzero threshold value. In most cases, retail outlets exercise market leadership in the Alaska pollock and cod chains while some bidirectional adjustments are observed in the salmon value chains. Overall, import prices adjust to deviations above the threshold value following a shock to the retail prices for Alaska pollock and cod. For salmon, deviations above the threshold value are generally not transmitted. Article in Journal/Newspaper alaska pollock Alaska University of Copenhagen: Research Aquaculture Economics & Management 21 1 71 87 |
institution |
Open Polar |
collection |
University of Copenhagen: Research |
op_collection_id |
ftcopenhagenunip |
language |
English |
topic |
Asymmetry Germany price transmission threshold cointegration |
spellingShingle |
Asymmetry Germany price transmission threshold cointegration Ankamah-Yeboah, Isaac Bronnmann, Julia Asymmetries in import-retail cost pass-through:analysis of the seafood value chain in Germany |
topic_facet |
Asymmetry Germany price transmission threshold cointegration |
description |
This study examines the degree of price transmission in the German Alaska pollock, cod and salmon value chains. Moreover, in addition to aggregated market prices used in most studies, access to prices by retailer type allows investigation of different adjustment patterns by value chain. Using monthly average prices, the Johansen and consistent threshold cointegration models are estimated. The results indicate the presence of price transmission relationship and equilibrium adjustment asymmetries, such that agents only react to shocks when the deviation from equilibrium is above or below a certain nonzero threshold value. In most cases, retail outlets exercise market leadership in the Alaska pollock and cod chains while some bidirectional adjustments are observed in the salmon value chains. Overall, import prices adjust to deviations above the threshold value following a shock to the retail prices for Alaska pollock and cod. For salmon, deviations above the threshold value are generally not transmitted. This study examines the degree of price transmission in the German Alaska pollock, cod and salmon value chains. Moreover, in addition to aggregated market prices used in most studies, access to prices by retailer type allows investigation of different adjustment patterns by value chain. Using monthly average prices, the Johansen and consistent threshold cointegration models are estimated. The results indicate the presence of price transmission relationship and equilibrium adjustment asymmetries, such that agents only react to shocks when the deviation from equilibrium is above or below a certain nonzero threshold value. In most cases, retail outlets exercise market leadership in the Alaska pollock and cod chains while some bidirectional adjustments are observed in the salmon value chains. Overall, import prices adjust to deviations above the threshold value following a shock to the retail prices for Alaska pollock and cod. For salmon, deviations above the threshold value are generally not transmitted. |
format |
Article in Journal/Newspaper |
author |
Ankamah-Yeboah, Isaac Bronnmann, Julia |
author_facet |
Ankamah-Yeboah, Isaac Bronnmann, Julia |
author_sort |
Ankamah-Yeboah, Isaac |
title |
Asymmetries in import-retail cost pass-through:analysis of the seafood value chain in Germany |
title_short |
Asymmetries in import-retail cost pass-through:analysis of the seafood value chain in Germany |
title_full |
Asymmetries in import-retail cost pass-through:analysis of the seafood value chain in Germany |
title_fullStr |
Asymmetries in import-retail cost pass-through:analysis of the seafood value chain in Germany |
title_full_unstemmed |
Asymmetries in import-retail cost pass-through:analysis of the seafood value chain in Germany |
title_sort |
asymmetries in import-retail cost pass-through:analysis of the seafood value chain in germany |
publishDate |
2017 |
url |
https://curis.ku.dk/portal/da/publications/asymmetries-in-importretail-cost-passthrough(dfec73eb-a51e-4f74-928b-a2cf1ed61373).html https://doi.org/10.1080/13657305.2016.1262478 |
genre |
alaska pollock Alaska |
genre_facet |
alaska pollock Alaska |
op_source |
Ankamah-Yeboah , I & Bronnmann , J 2017 , ' Asymmetries in import-retail cost pass-through : analysis of the seafood value chain in Germany ' , Aquaculture Economics & Management , vol. 21 , no. 1 , pp. 71-87 . https://doi.org/10.1080/13657305.2016.1262478 |
op_rights |
info:eu-repo/semantics/closedAccess |
op_doi |
https://doi.org/10.1080/13657305.2016.1262478 |
container_title |
Aquaculture Economics & Management |
container_volume |
21 |
container_issue |
1 |
container_start_page |
71 |
op_container_end_page |
87 |
_version_ |
1799486139831156736 |