Pricing Efficiency of the Malaysian Vegetable Market:

Abstract

This paper examines the existence of price asymmetry at the farm, wholesale and retail levels for eleven selected vegetables in Peninsular Malaysia. Asymmetry is tested for the timing or speed of price passed Ulrough and the amount of price adjustments. The analysis was based on Wolfram's technique for segmenting aggregate on independent variables in regression analysis. The results suggest there exists asymmetric price transmission between the market levels for most of the vegetables examined.