PRICE LINKS AMONG QUALITATIVELY DIFFERENTIATED MEATS: EVIDENCE FROM THE UK WHOLESALE BEEF MARKET

This work investigates the price links among four quality differentiated beef meats in the UK using the recently developed QVAR connectedness approach. The empirical results suggest: (a) Prices are more tightly linked to each other under extreme shocks (regardless of sign) than under small shocks, (...

Full description

Saved in:
Bibliographic Details
Published inInternational journal of food and agricultural economics Vol. 12; no. 3; pp. 189 - 200
Main Author Fousekis, Panos
Format Journal Article
LanguageEnglish
Published Fethiye Uluslararasi Gida ve Tarim Ekonomisi Dergisi 01.07.2024
International Journal of Food and Agricultural Economics
Edition1128
Subjects
Agricultural and Food Policy
Agricultural production
asymmetry
Beef
Cattle
COVID-19
Demand and Price Analysis
Disease transmission
Extreme values
Fertilizers
Food
Food Consumption/Nutrition/Food Safety
Livestock Production/Industries
Marketing
Meat
Meat quality
Pandemics
price transmission
Prices
Public Economics
quality
Regression analysis
Stochastic models
Supply Chain
Volatility
United Kingdom > UK
Online AccessGet full text

Cover

More Information
Summary:This work investigates the price links among four quality differentiated beef meats in the UK using the recently developed QVAR connectedness approach. The empirical results suggest: (a) Prices are more tightly linked to each other under extreme shocks (regardless of sign) than under small shocks, (b) Higher quality meats tend, in most cases, to be net transmitters of price shocks to lower quality ones, (c) The strength and the internal structure of the four-market network are time-varying; in periods of economic turmoil, the level of total connectedness rises and the position of individual markets in the network as net transmitters or receivers of price shocks may change.
ISSN:2147-8988
2149-3766
DOI:10.22004/ag.econ.344846