Price interactions within the chosen commodity chain | Cenové interakce ve vybrané komoditní vertikále
2010
Smělíková, E., Mendel University of Agriculture and Forestry, Brno (Czech Republic). Faculty of Regional Development and International Studies, Dept. of Territorial Studies
The paper is focused on price aspects within particular agro-food chain, especially on the process of price transmission. First, the issue of price transmission is introduced as well as the impact of market power on the extent of transmitted price changes in successive stages of the chain. The price transmission theory is applied to agro-food chain following the production of malt barley-the beer commodity chain. By means of correlation analysis of time series data, the completeness of price transmission is statistically verified. Furthermore, the existence of time lags in price reactions transmitted throughout the chosen commodity chain is a subject of the statistical verification as well. The results have been obtained by the research project MSM 6215648904 The Czech Economy in the Process of Integration and Globalisation, and the Development of Agricultural Sector and the Sector of Services under the New Conditions of the Integrated European Market of Mendel University of Agriculture and Forestry in Brno, Faculty of Regional Development and International Studies.
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