Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 411789
Title A new econometric test for asymmetric price adjustment by cointegrating vector restrictions with an application to the U.S. and Dutch pork chains
Author(s) Kuiper, W.E.; Pennings, J.M.E.; Verhees, F.J.H.M.
Event EAAE 2011 Congress, Zurich, 2011-08-30/2011-09-02
Department(s) Marketing and Consumer Behaviour
WASS
Publication type Contribution in proceedings
Publication year 2011
Abstract A new test of asymmetric price adjustment is proposed on the basis of the super-consistent cointegrating vector estimator in the Johansen (1995) cointegration procedure. The super-consistency makes the test robust to misspecifications in the short-run model. Application of the test to the price spreads in the Dutch and U.S. pork chains reveals that in the Netherlands wholesalers might obtain extra price margin as a consequence of asymmetric price adjustment vis-à-vis the farmers
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