Do retail coffee prices increase faster than they fall? Asymmetric price transmission in France, Germany and the United States

Miguel Gomez and Julia Koerner

No 55930, Working Papers from Cornell University, Department of Applied Economics and Management

Abstract: This investigation examines price transmission asymmetries (PTA) between international and retail coffee prices in the US, France and Germany. Differences in price transmission mechanisms provide evidence for disparities in market structure and market performance across countries. Although all processors of roasted coffee purchase green coffee at the same price in the international markets, one finds significant differences in retail prices among these countries. The study develops an Error Correction (EC) representation model to assess PTA of non-stationary models. Finally, it claims that identifying differences in price transmission asymmetry is an approach to compare market structure across countries.

Keywords: Food Consumption/Nutrition/Food Safety; Marketing (search for similar items in EconPapers)
Pages: 31
Date: 2009-09-16
New Economics Papers: this item is included in nep-agr and nep-mkt
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudawp:55930

DOI: 10.22004/ag.econ.55930

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