Abstract
This paper investigates vertical price transmission in the US pork industry using the statistical tool of copulas and monthly data from 1970 to 2012. The empirical results indicate that the degree and the structure of price dependence differs across markets and time periods. In the first half of the sample, there was a relatively high degree of co-movement with symmetric tail dependence for the pair of markets farm-wholesale and asymmetric for the pair wholesale-retail. In the second half of the sample, tail dependence disappeared for both markets pairs and the association between price changes at the wholesale and the retail became very weak.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
