Chavas, Jean-Paul; Mehta, Aashish - In: American Journal of Agricultural Economics 86 (2004) 4, pp. 1078-1093
We develop a reduced-form model of price transmission in a vertical sector, allowing for refined asymmetric, contemporaneous and lagged, own and cross-price effects under time-varying volatility. The model is used to investigate the wholesale-retail price dynamics in the U.S. butter market. The...
