Asymmetric Prices: Implications on Traderâ€™s Market Power in Philippine Rice
Meyra M. Reeder
Philippine Journal of Development from Philippine Institute for Development Studies
Contrary to the commonly held notion that the market power exercised by a handful of unscrupulous traders in the local market has resulted unnecessary hike in prices, this paper presents evidence against this allegation. Findings show that market shocks originate at the farm level that are transmitted as price changes at the wholesale market before it is reflected at the retail market. In addition, symmetry test cannot confirm the presence of market power among Filipino traders. Nevertheless, estimation of price symmetry model does not lend credence to the claim that governmentâ€™s absence in the market can lead to chaos.
Keywords: price; level (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:phd:pjdevt:jpd_2000_vol__xxvii_no__1-c
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