Price asymmetry between different pork cuts in the USA: a copula approach

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• 作者：Dimitrios Panagiotou (1)
  Athanassios Stavrakoudis (1)
  
  1. Department of Economics ; University of Ioannina ; Ioannina ; Greece
  
• 关键词：Price asymmetry ; Pork cuts ; Copula
• 刊名：Agricultural and Food Economics
• 出版年：2015
• 出版时间：December 2015
• 年：2015
• 卷：3
• 期：1
• 全文大小：605 KB
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• 刊物主题：Agricultural Economics; Agriculture; Economics general;
• 出版者：Springer-Verlag
• ISSN：2193-7532

文摘

The objective of this study is to assess the degree and the structure of price dependence between different cuts in the US pork industry at the retail level. To this end, it utilizes monthly retail data of pork cuts and the statistical tool of copulas. The empirical results suggest that for all pairs, retail prices are not likely neither to boom nor to crash together, even though overall dependence is quite considerable for two of the three pairs considered in this study. No evidence of asymmetric price co-movements was found.