This paper measures the degree of technical efficiency of Greek farms at discrete points in time. Stochastic frontier production functions are estimated from four annual Farm Accountancy Data Network (FADN) surveys of the 1992-1995 period. From the results, a measure of technical efficiency is...

Purpose: This paper attempts to model the transmission of volatility between producer and consumer prices in the fresh potato, tomato, and cucumber markets in Greece. Design/methodology/approach: The transmission mechanism of the price volatility is modeled using the most popular multivariate...

This paper investigates producer-consumer price volatility in four meat markets in Greece: beef, lamb, pork and poultry. The methodology followed in this paper to measure price volatility is that of the diagonal VEC (DVEC) model of Bollerslev et al. (1988) while that of decomposing the estimated...

The authors examine the supply response of the Greek broiler market. A generalized autoregressive conditional heteroskedasticity (GARCH) process is used to estimate expected price and price volatility; price and supply equations are estimated jointly. In addition to the standard GARCH model,...