This paper investigates the law of motion for the cross-section distribution of dietary energy supply (DES) in the world. This has been pursued using the distribution approach and a panel of 152 countries for the period 1961-2001. According to the empirical results, persistence in caloric...

The study of spatial price relationships helps to explain market performance and the degree of market integration. This paper provides an empirical analysis of the long- and short-run price linkages in the olive oil market of the Mediterranean using Time Series techniques. The empirical results...

Nonparametric (Kernel) regression analysis and micro-data from the Family Budget Survey (FBS) are used in this paper to estimate and to compare the Engel curves for food demand of the urban and the rural households. The empirical results suggest that the Characteristic Substitution Effects...

The observed “soft†coordination at European and national level has hindered progress in terms of raising social welfare and reducing the risk of poverty in EU. This is a source of concern given that the fruits of economic efficiency should be shared by the individuals and Member...

The result by Morrison (1985) and Morrison and Schwarzt (1994) that there is an one-to-one relationship between the rate of economic capacity utilization and ratio of cost elasticities at the temporary and the full equilibrium has been instrumental in past studies on measuring economic capacity...

ABSTRACT The objective of this article is to assess the validity of the Law of One Price (LOP) in five major EU broiler markets. This has been pursued using weekly price data from 1991 to 2012 and recent developments in econometric methodology that account simultaneously for nonstationarity,...

The present study investigates the price dynamics of two agricultural commodities, pork and poultry, in order to determine whether there is a single or multiple markets within the EU. The investigation relies on the notion of a price club (meaning a group of countries in which prices obey the...

Time-series tests and analysis of disparities over time are employed in this paper to investigate convergence of cost competitiveness in the food, beverages, and tobacco manufacturing of 14 EU countries and the USA. According to the empirical results, there has been no uniform pattern of...

The paper analyzes quality choices in a vertical structure involving a monopolist food manufacturer (national brand-NB producer) and a monopolist retailer supplying both the national brand as well as a private label (PL). The analysis is based on a three-stage dynamic game. According to the...