Processing Technology, Market Power and Price Transmission
研究了农产品价格变化向零售环节的传导程度,推导出价格传导弹性取决于食品行业的市场力量和加工技术,并以美国牛肉和猪肉行业为例报告了弹性值。
This paper focuses on the extent to which price changes occurring at the farm‐level are transmitted to the retail sector. A price transmission elasticity is derived which is shown to depend on the degree of market power in the food industry and the nature of the food industry's processing technology. The offsetting role of the processing technology and market power in determining the extent of price transmission are highlighted. A case‐study reports values for the price transmission elasticity for the US beef and pork sectors.