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promotion or for the purpose of retail arbitrage. Using US supermarket scanner data covering the 2008 Global Rice Crisis, an … episode driven by an observable cost shock due an Indian ban on raw rice exports, we find that sticky prices account for a …
Persistent link: https://www.econbiz.de/10012482008
covering the 2008 global rice crisis—a shock triggered by an Indian rice export ban—we find that household hoarding anticipated …We show that sticky prices exacerbate household hoarding of storable goods. When stores are slow to adjust prices … even in the absence of traditional panic or precautionary motives for hoarding. Using detailed US supermarket scanner data …
Persistent link: https://www.econbiz.de/10013313019
supermarket scanner data on US household purchases during the 2008 Rice Bubble, we show that hoarding is in fact more systemic …, which spilled over into US markets. Anticipating shortages, US households with previous purchases of rice, especially those … through over-extrapolation from high prices and contagion, as many households bought rice for the first and last time during …
Persistent link: https://www.econbiz.de/10011184086
There is no consensus on what defines a reference for the world rice price. A review on rice as a differentiated … commodity shed two important insights. First, it confirms that few studies have considered segmentation of rice in their price … analysis. Second, Thai 5% brokens has often been considered the world reference price for rice but no empirical exercise has …
Persistent link: https://www.econbiz.de/10010235140
due to publication bias. Cointegration is more prevalent for maize market pairs and less prevalent for rice market pairs …-run price relationship, but international prices do not. The only notable exception to this rule is rice, which suggests that … the determination of international rice prices differs fundamentally from the determination of international wheat and …
Persistent link: https://www.econbiz.de/10010235142
756 rice market pairs in 6 West African countries, with threshold specifications accounting for transaction costs. Whether …, contiguity and a common language. We conclude that proximity matters for market integration processes in West African rice …
Persistent link: https://www.econbiz.de/10010357875
due to publication bias. Cointegration is more prevalent for maize market pairs and less prevalent for rice market pairs …-run price relationship, but international prices do not. The only notable exception to this rule is rice, which suggests that … the determination of international rice prices differs fundamentally from the determination of international wheat and …
Persistent link: https://www.econbiz.de/10010358653
Being the main food commodity, the dynamics of rice prices is one of the most important issues for Indonesian economy … behaviour of the prices of various varieties and qualities of rice in the wholesale market. The dynamics of rice prices are …-quality rice and medium-quality rice and between medium-quality rice and low-quality rice. Changes in the price of premium …
Persistent link: https://www.econbiz.de/10014500663