Asymmetry in Price Transmission in Agricultural Markets |
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| Authors: | Alain McLaren |
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| Affiliation: | University of Geneva, Geneva, Switzerland |
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| Abstract: | This paper explores the asymmetries in price transmission from international to local markets. We expect the presence of large intermediaries in agricultural markets to lead to a stronger price transmission when international prices decline than when they rise. The empirical evidence confirms the presence of asymmetric price transmission consistent with the presence of large intermediaries with monopsony power. |
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