The relevant markets for meat production and processing in the Czech Republic: Analysis of the price movements

Czech Economic Review

Volumn 7, Issue 3, 2013, Pages 178-197

  Hajko, Vladimír ^a   Bil, Jaroslav ^b  

^a Department of Economics ^*  (Czech Republic)

^b MASARYK UNIVERSITY   (Czech Republic)

Author keywords

Causality; Cointegration; Market delineation; Meat prices; Relevant market

Indexed keywords

EID: 84887737814     PISSN: 18024696     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (42)

1. Alexander, C. and Wyeth, J. (1994). Cointegration and Market Integration: An Application to the Indonesian Rice Market. The Journal of Development Studies, 30, 303-334.
2. Andreyeva, T., Long, M. W. and Brownell, K. D. (2010). The Impact of Food Prices on Consumption: A Systematic Review of Research on the Price Elasticity of Demand for Food. American Journal of Public Health, 100, 216-222.
3. Ardeni, P. (1989). Does the Law of One Price Really Hold for Commodity Prices? American Journal of Agricultural Economics, 71, 661-669.
4. Asche, F., Gjølberg, O. and Volker, T. (2003). Price Relationships in the Petroleum Market: An Analysis of Crude Oil and Refined Product Prices. Energy Economics, 25, 289-301.
5. Asche, F., Steen, F. and Salvanes, K. G. (1997). Market Delineation and Demand Structure. American Journal of Agricultural Economics, 79, 139-150.
6. Bada, T. and Rahji, M. (2010). Market Delineation Study of the Fish Market in Nigeria: An Application of Cointegration Analysis. Journal of Agricultural Science, 2, 158-168.
7. Cariton, D. W. (2007). Market Definition: Use and Abuse. Competition policy international, 3, 3-27.
8. Church, J. and Ware, R. (2000). Boston, McGraw-Hill. Industrial Organization: A Strategic Approach.
9. Coe, P. J. and Krause, D. (2008). An Analysis of Price-Based Tests of Antitrust Market Delineation. Journal of Competition Law and Economics, 4, 983-1007.
10. Elizalde, J. (2012). A Theoretical Approach to Market Definition Analysis. European Journal of Law and Economics, 34, 449-475.
11. Engle, R. E. and Granger, C. (1987). Cointegration and Error-Correction: Representa-tion, Estimation and Testing. Econometrica, 55, 251-276.
12. Esposti, R. and Listorti, G. (2013). Agricultural Price Transmission across Space and Commodities during Price Bubbles. Agricultural Economics, 44, 125-139.
13. ECN (2012). Report on Competition Law Enforcement and Market Monitoring Activities by European Competition Authorities in the Food Sector. Brussels, European Competition Network, Technical Report.
14. Fackler, P. L. and Goodwin, B. K. (2001). Spatial Price Analysis. In Gardner, B. L. and Rausser, G. C. (eds.), Handbook of Agricultural Economics. Amsterdam, Elsevier, 971-1024.
15. Farrell, J. and Shapiro, C. (2010). Antitrust Evaluation of Horizontal Mergers: An Eco-nomic Alternative to Market Definition.The B.E. Journal of Theoretical Economics, 10, 1-39.
16. Forni, M. (2004). Using Stationarity Tests in Antitrust Market Definition. American Law and Economics Review, 6, 441-464.
17. Fotis, P. N. (2012). Price-Based Techniques for Market Definition and Buying Power Index, http://ssrn.com/abstract=2118502.
18. Gjølberg, O. and Johnsen, T. (1999). Risk Management in the Oil Industry: Can Information on Long-Run Equilibrium Prices Be Utilized? Energy Economics, 221, 517-527.
19. Gonzalez-Riviera, G. and Helfand, S. (2001). The Extent, Pattern and Degree of Mar-ket Integration: A Multivariate Approach for the Brazilian Rice Market. American Journal of Agricultural Economics, 83, 576-592.
20. Goychuk, K. and Meyers, W. H. (2013). Black Sea and World Wheat Market Price Integration Analysis. Canadian Journal of Agricultural Economics, DOI: 10.1111/cjag.12025
21. Granger, C. (1969). Investigating Causal Relations by Econometric Models and Cross-Spectral Methods. Econometrica, 37, 424-438.
22. Haldrup, N., Mollgaard, P. and Nielsen, C. K. (2008). Sequential versus Simultaneous Market Delineation: The Relevant Antitrust Market for Salmon. Journal of Competi-tion Law and Economics, 4, 893-913.
23. Hayenga, M. L., Koontz, S. R. and Schroeder, T. C. (1996). Definition of Regional Cattle Procurement Markets. Washington, U.S. Department of Agriculture, Packers and Stockyards Programs, Grain Inspection, Packers and Stockyards Administration.
24. Indejehagopian, J. P. and Simon, F. L. (2000). Dynamics of Heating Oil Market Prices in Europe. Energy Economics, 22, 225-252.
25. Jiménez-Toribio, R., García-Del Hoyo, J. and García-Ordaz, F. (2007). Market De-lineation of the Spanish Clam Market. Aquaculture Economics and Management, 11, 133-150.
26. Johansen, S. (1991). Estimation and Hypothesis Testing of Cointegrating Vectors in Gaussian Vector Autoregressive Models. Econometrica, 59, 1551-1580.
27. Juselius, M. and Stenbacka, R. (2011). The Relevant Market for Production and Wholesale of Electricity in the Nordic Countries: An Econometric Study. Scandi-navian Journal of Economics, 113, 167-189.
28. Németh, A. and Niemeier, H.-M. (2012). Airline Mergers in Europe: An Overview on the Market Definition of the EU Commission. Journal of Air Transport Management, 22, 45-52.
29. Rubinfeld, D. L. (2010). Econometric Issues in Antitrust Analysis. Journal of Institutional and Theoretical Economics, 166, 62-77.
30. Saran, S. and Gangwar, L. (2008). Analysis of Spatial Cointegration amongst Major Wholesale Egg Markets in India. Agricultural Economics Research Review, 21, 259-263.
31. Sekhar, C. (2012). Agricultural Market Integration in India: An Analysis of Select Commodities. Food Policy, 37, 309-322.
32. Serletis, A. (1994). A Cointegration Analysis of Petroleum Futures Prices. Energy Economics, 16, 93-97.
33. Shrieves, R. (1978). Geographic Market Areas and Market Structure in the Bituminous Coal Industry. Antitrust Bulletin, 23, 589-625.
34. Sirolli, R. (2006). An Examination of Price Transmission in the United States Beef, Pork, and Broiler Industries. Newark DE, University of Delaware, Master Thesis.
35. Slade, M. (1986). Exogeneity Tests of Market Boundaries Applied to Petroleum Products. Journal of Industrial Economics, 34, 291-303.
36. Stigler, G. J. and Sherwin, R. A. (1985). The Extent of the Market. The Journal of Law and Economics, 28, 555-585.
37. Uri, N. and Rifkin, E. (1985). Geographic Markets, Causality and Railroad Deregulation. Review of Economics and Statistics, 67, 422-428.
38. Uri, N. D., Howell, J. and Rifkin, E. J. (1985). Applied Economics, 17, 959-977.
39. U.S. Department of Justice and the Federal Trade Commission (2010). Horizontal Merger Guidelines. Washington, U.S. Department of Justice and the Federal Trade Commission, http://www.justice.gov/atr/public/guidelines/hmg-2010.pdf.
40. Walls, D. (1994). A Cointegration Rank Test of Market Linkages with an Application to the U.S. Natural Gas Industry. Review of Industrial Organization, 9, 181-191.
41. Weinhagen, J. C. (2012). Price Transmission Effects through Three Stages of Food Production. Washington, U.S. Bureau of Labor Statistics, Monthly Labor Review, December 2012.
42. Wlazlowski, S., Giulietti, M., Binner, J. and Milas, C. (2009). European Petroleum Markets. Energy Economics, 31, 99-108.