Price Transmission and Food Scares in the U.S. Beef Sector

Grigorios T. Livanis and Charles Moss

No 15662, Working Papers from University of Florida, International Agricultural Trade and Policy Center

Abstract: The advent of mad cow disease in Canada in the United States raises numerous concerns regarding consumer reaction to information in the United States. To examine the role of consumer reaction to information we examine the response of price spreads in the U.S. beef market to a Food Safety Index derived from Lexis-Nexis. Specifically, we estimate a vector error correction model to examine the long and short-run effect of news on price spreads. Our results indicate that informational shocks are fairly transient in the retail prices, but persist at the wholesale and farm level.

Keywords: Demand and Price Analysis; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 21
Date: 2005
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Citations: View citations in EconPapers (12)

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Working Paper: Price Transmission and Food Scares in the U.S. Beef Sector (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uflowp:15662

DOI: 10.22004/ag.econ.15662

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