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How Retail Beef and Bread Prices Respond to Changes in Ingredient and Input Costs

Engels | Paperback | 9781249330806 | 38 pagina's

Edward Roeger, Ephraim Leibtag - 9781249330806

 

Engels | Paperback | 9781249330806 | 38 pagina's

The extent to which cost changes pass through a vertically organized production process depends on the value added by each producer in the chain as well as a number of other organizational and marketing factors at each stage of production. Using 36 years of monthly Bureau of Labor Statistics price indices data (1972-2008), we model pass-through behavior for beef and bread, two retail food items with different levels of processing. Both the farm-to-wholesale and wholesale-to-retail price responses are modeled to allow for the presence of structural breaks in the underlying long-term relationships between price series. Broad differences in price behavior are found not only between food categories (retail beef prices respond more to farm-price changes than do retail bread prices) but also across stages in the supply chain. While farm-to-wholesale relationships generally appear to be symmetric, retail prices have a more complicated response behavior. For both bread and beef, the passthrough from wholesale to retail is weaker than that from farm to wholesale.

 

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How Retail Beef and Bread Prices Respond to Changes in Ingredient and Input Costs Engels | Paperback | 9781249330806 | 38 pagina's
TaalEngels
BindwijzePaperback
Verschijningsdatum2012-09-01
Aantal pagina's38 pagina's
IllustratiesNee
Auteur(s)Edward Roeger | Ephraim Leibtag | Edward Roeger
UitgeverBibliogov
Extra groot lettertypeNee
Gewicht86 g
Oorspronkelijke releasedatum2012-09-01
Verpakking breedte189 mm
Verpakking hoogte2 mm
Verpakking lengte246 mm



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