Price asymmetry between different pork cuts in the USA: a copula approach

Dimitrios Panagiotou () and Athanassios Stavrakoudis

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this study is to assess the degree and the structure of price dependence between different cuts in the US pork industry at the retail level. To this end, it utilizes monthly retail data of pork cuts and the statistical tool of copulas. The empirical results suggest that for all pairs, retail prices are not likely neither to boom nor to crash together, even though overall dependence is quite considerable for two of the three pairs considered in this study. No evidence of asymmetric price co-movements was found.

Keywords: Price asymmetry; Pork cuts; Copula (search for similar items in EconPapers)
JEL-codes: C13 Q11 (search for similar items in EconPapers)
Date: 2015-01-29
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (5)

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Journal Article: Price asymmetry between different pork cuts in the USA: a copula approach (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65448

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