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Publisert 2002

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Publikasjonsdetaljer

Tidsskrift : Journal of Agricultural Economics (JAE) , vol. 53 , p. 101–107 , 2002

Utgiver : John Wiley & Sons

Internasjonale standardnummer :
Trykt : 0021-857X
Elektronisk : 1477-9552

Publikasjonstype : Vitenskapelig artikkel

Bidragsytere : Asche, Frank; Flaaten, Ola; Isaksen, John Roald; Vassdal, Terje

Sak : 1

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Kjetil Aune
Bibliotekleder
kjetil.aune@nofima.no

Sammendrag

In this paper we note that when there is only one variable factor in the intermediaries' production technology, prices at different levels in the value chain will move proportionally to each other over time. This is also the only general condition under which the elasticity of price transmission is equal to one, so that retail price signals are perfectly transmitted to primary product producers and vice versa. This allows a test of whether derived demand elasticities contain information about consumer elasticities using only prices. An empirical illustration is provided using data from the Norwegian cod sector.

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