Measuring the Welfare Impact of Asymmetric Price Transmission - Collections

＜departmental bulletin paper＞
Measuring the Welfare Impact of Asymmetric Price Transmission

Creator	Creator Name Zheng, Shi Affiliation Affiliation Name School of Business, Renmin University of China
	Creator Name Miller, Douglas J. Affiliation Affiliation Name Department of Economics, University of Missouri-Columbia
	Author PID 100017048 Creator Name Fukuda, Susumu 福田, 晋 Affiliation Affiliation Name Laboratory of Food Marketing, Division of Industrial Organization of Agribusiness, Department of Agricultural and Resource Economics, Faculty of Agriculture, Kyushu University 九州大学大学院農学研究院農業資源経済学専攻農業関連産業組織学講座食料流通学研究室
Language	English
Publisher	Faculty of Agriculture, Kyushu University
Publisher	九州大学大学院農学研究院
Date	2010-02-26
Source Title	Journal of the Faculty of Agriculture, Kyushu University
Vol	55
Issue	1
First Page	181
Last Page	189
Publication Type	Version of Record
Access Rights	open access
Crossref DOI	https://doi.org/10.5109/17821
Related DOI	Journal of the Faculty of Agriculture, Kyushu University \|\| 55(1) \|\| p181-189
	九州大学大学院農学研究院紀要 \|\| 55(1) \|\| p181-189
	http://www.agr.kyushu-u.ac.jp/
Related URI	Journal of the Faculty of Agriculture, Kyushu University \|\| 55(1) \|\| p181-189
	九州大学大学院農学研究院紀要 \|\| 55(1) \|\| p181-189
	http://www.agr.kyushu-u.ac.jp/
Relation	Journal of the Faculty of Agriculture, Kyushu University \|\| 55(1) \|\| p181-189
	九州大学大学院農学研究院紀要 \|\| 55(1) \|\| p181-189
	http://www.agr.kyushu-u.ac.jp/

File	FileType	Terms of use	Size	Views	Description
55_1_p181	pdf	None	275 KB	796

PISSN	0023-6152
NCID	AA00697606
Record ID	17821
Peer-Reviewed	Unrefereed
ISSN	0023-6152
NCID	AA00697606
Notes	Several previous studies report that prices are asymmetrically transmitted across levels in US commodity markets, but the evidence about the economic magnitude of the phenomenon is limited. In this paper, we use estimated asymmetric error correction models (ECM) for producer, wholesale, and retail pork and beef prices to compute the compensating variation associated with asymmetric price transmission for US consumers. Overall, the phenomenon does not have a substantial impact―the expected welfare loss for the average US beef and pork consumer is about $1.10 per year, which is less than 1% of annual per-capita retail expenditures.
Created Date	2010.12.15
Modified Date	2022.11.11