Asymmetries in import-retail cost pass-through: analysis of the seafood value chain in Germany

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Asymmetries in import-retail cost pass-through : analysis of the seafood value chain in Germany. / Ankamah-Yeboah, Isaac; Bronnmann, Julia.

In: Aquaculture Economics & Management, Vol. 21, No. 1, 2017, p. 71-87.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Ankamah-Yeboah, I & Bronnmann, J 2017, 'Asymmetries in import-retail cost pass-through: analysis of the seafood value chain in Germany', Aquaculture Economics & Management, vol. 21, no. 1, pp. 71-87. https://doi.org/10.1080/13657305.2016.1262478

APA

Ankamah-Yeboah, I., & Bronnmann, J. (2017). Asymmetries in import-retail cost pass-through: analysis of the seafood value chain in Germany. Aquaculture Economics & Management, 21(1), 71-87. https://doi.org/10.1080/13657305.2016.1262478

Vancouver

Ankamah-Yeboah I, Bronnmann J. Asymmetries in import-retail cost pass-through: analysis of the seafood value chain in Germany. Aquaculture Economics & Management. 2017;21(1):71-87. https://doi.org/10.1080/13657305.2016.1262478

Author

Ankamah-Yeboah, Isaac ; Bronnmann, Julia. / Asymmetries in import-retail cost pass-through : analysis of the seafood value chain in Germany. In: Aquaculture Economics & Management. 2017 ; Vol. 21, No. 1. pp. 71-87.

Bibtex

@article{dfec73eba51e4f74928ba2cf1ed61373,
title = "Asymmetries in import-retail cost pass-through: analysis of the seafood value chain in Germany",
abstract = "This study examines the degree of price transmission in the German Alaska pollock, cod and salmon value chains. Moreover, in addition to aggregated market prices used in most studies, access to prices by retailer type allows investigation of different adjustment patterns by value chain. Using monthly average prices, the Johansen and consistent threshold cointegration models are estimated. The results indicate the presence of price transmission relationship and equilibrium adjustment asymmetries, such that agents only react to shocks when the deviation from equilibrium is above or below a certain nonzero threshold value. In most cases, retail outlets exercise market leadership in the Alaska pollock and cod chains while some bidirectional adjustments are observed in the salmon value chains. Overall, import prices adjust to deviations above the threshold value following a shock to the retail prices for Alaska pollock and cod. For salmon, deviations above the threshold value are generally not transmitted.",
keywords = "Asymmetry, Germany, price transmission, threshold cointegration",
author = "Isaac Ankamah-Yeboah and Julia Bronnmann",
year = "2017",
doi = "10.1080/13657305.2016.1262478",
language = "English",
volume = "21",
pages = "71--87",
journal = "Aquaculture, Economics and Management",
issn = "1365-7305",
publisher = "Taylor & Francis",
number = "1",

}

RIS

TY - JOUR

T1 - Asymmetries in import-retail cost pass-through

T2 - analysis of the seafood value chain in Germany

AU - Ankamah-Yeboah, Isaac

AU - Bronnmann, Julia

PY - 2017

Y1 - 2017

N2 - This study examines the degree of price transmission in the German Alaska pollock, cod and salmon value chains. Moreover, in addition to aggregated market prices used in most studies, access to prices by retailer type allows investigation of different adjustment patterns by value chain. Using monthly average prices, the Johansen and consistent threshold cointegration models are estimated. The results indicate the presence of price transmission relationship and equilibrium adjustment asymmetries, such that agents only react to shocks when the deviation from equilibrium is above or below a certain nonzero threshold value. In most cases, retail outlets exercise market leadership in the Alaska pollock and cod chains while some bidirectional adjustments are observed in the salmon value chains. Overall, import prices adjust to deviations above the threshold value following a shock to the retail prices for Alaska pollock and cod. For salmon, deviations above the threshold value are generally not transmitted.

AB - This study examines the degree of price transmission in the German Alaska pollock, cod and salmon value chains. Moreover, in addition to aggregated market prices used in most studies, access to prices by retailer type allows investigation of different adjustment patterns by value chain. Using monthly average prices, the Johansen and consistent threshold cointegration models are estimated. The results indicate the presence of price transmission relationship and equilibrium adjustment asymmetries, such that agents only react to shocks when the deviation from equilibrium is above or below a certain nonzero threshold value. In most cases, retail outlets exercise market leadership in the Alaska pollock and cod chains while some bidirectional adjustments are observed in the salmon value chains. Overall, import prices adjust to deviations above the threshold value following a shock to the retail prices for Alaska pollock and cod. For salmon, deviations above the threshold value are generally not transmitted.

KW - Asymmetry

KW - Germany

KW - price transmission

KW - threshold cointegration

U2 - 10.1080/13657305.2016.1262478

DO - 10.1080/13657305.2016.1262478

M3 - Journal article

AN - SCOPUS:85008422664

VL - 21

SP - 71

EP - 87

JO - Aquaculture, Economics and Management

JF - Aquaculture, Economics and Management

SN - 1365-7305

IS - 1

ER -

ID: 172101334