Price Relationships in the U.S. Tree Nut Market

Mohammed Ibrahim and Wojciech J. Florkowski

No 9898, 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Although most U.S. tree nuts have very specific and different uses, some substitutability does occur, complicating the price analysis in the tree nut market. We examine the relationships among U.S. tree nut prices using the Johansen's cointegration procedure. We found long run equilibrium among some nut prices, namely, pecans, walnuts, and almonds. These findings are consistent with recent suggestions that cointegration exist among substitutes.

Keywords: Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Pages: 10
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea07:9898

DOI: 10.22004/ag.econ.9898

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