Does Market Structure Influence Price Transmission in the Agro‐food Sector? A Meta‐analysis Perspective
通过元分析现有研究，考察农业食品供应链中市场结构与制度特征如何影响价格传导的不对称性，发现农场结构碎片化、政府支持及零售价格管制会加剧不对称，而零售业进入壁垒和加工行业实力则促进对称传导。
Abstract There exists a large literature on price transmission in agro‐food sectors. However, a great majority of empirical studies focus on the existence of asymmetry and, by and large, do not investigate the reason for its presence or absence. This is in sharp contrast to the theoretical literature that provides a number of explanations of why we should expect (a)symmetry. In response, this paper investigates the reasons for asymmetric price transmission in the agro‐food chain, using meta‐analysis of existing studies. Our focus is on the organizational and institutional characteristics of the agro‐food supply chain. Our findings suggest that asymmetric price transmission in farm–retail relationships is more likely to occur in sectors/countries with more fragmented farm structure, higher governmental support and more restrictive regulations on price controls in the retail sector. On the other hand, more restrictive regulations on entry barriers in the retail sector and the relative importance of the sector tend to promote symmetric farm–retail price transmission. The latter is also more likely in the presence of a strong processing industry.