Price Determination in the U.S. Shrimp Market
The monthly and quarterly price determination processes for 31–40 and 21–25 size classes of raw-headless shrimp were examined to determine price leadership between market levels. Causal relationships were assessed using Haugh-Pierce, Sims, and Granger methods. Price models at the retail, wholesale,...
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| Veröffentlicht in: | Journal of agricultural and applied economics 1987-12, Vol.19 (2), p.103-111 |
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| container_title | Journal of agricultural and applied economics |
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| creator | Adams, Charles M. Prochaska, Fred J. Spreen, Thomas H. |
| description | The monthly and quarterly price determination processes for 31–40 and 21–25 size classes of raw-headless shrimp were examined to determine price leadership between market levels. Causal relationships were assessed using Haugh-Pierce, Sims, and Granger methods. Price models at the retail, wholesale, and exvessel market levels were estimated. Economic factors analyzed were income, prices of competing products, landings and imports of raw headless shrimp, total retail supply, beginning stocks, and marketing costs. Monthly prices generally exhibited unidirectional causality from exvessel to retail price. Quarterly prices were determined interdependently among market levels. Price responses between market levels were found to be symmetric with beginning stocks, landings, and imports of own-size shrimp the most important determinants of price. |
| doi_str_mv | 10.1017/S0081305200025371 |
| format | Article |
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Causal relationships were assessed using Haugh-Pierce, Sims, and Granger methods. Price models at the retail, wholesale, and exvessel market levels were estimated. Economic factors analyzed were income, prices of competing products, landings and imports of raw headless shrimp, total retail supply, beginning stocks, and marketing costs. Monthly prices generally exhibited unidirectional causality from exvessel to retail price. Quarterly prices were determined interdependently among market levels. Price responses between market levels were found to be symmetric with beginning stocks, landings, and imports of own-size shrimp the most important determinants of price.</description><identifier>ISSN: 1074-0708</identifier><identifier>ISSN: 0081-3052</identifier><identifier>EISSN: 2056-7405</identifier><identifier>EISSN: 0081-3052</identifier><identifier>DOI: 10.1017/S0081305200025371</identifier><language>eng</language><publisher>New York, USA: Cambridge University Press</publisher><subject>CAMARON DE MAR ; causality ; CONSUMER PRICES ; CREVETTE ; ESTADOS UNIDOS DE AMERICA ; ETATS-UNIS ; FORMACION DE PRECIOS ; FORMATION DES PRIX ; PRAWNS ; PRECIO AL CONSUMIDOR ; PRECIO AL POR MAYOR ; PRECIO AL PRODUCTOR ; PRICE FORMATION ; prices ; PRIX A LA CONSOMMATION ; PRIX A LA PRODUCTION ; PRIX DE GROS ; PRODUCER PRICES ; shrimp ; Submitted Articles ; USA ; WHOLESALE PRICES</subject><ispartof>Journal of agricultural and applied economics, 1987-12, Vol.19 (2), p.103-111</ispartof><rights>Copyright © Southern Agricultural Economics Association 1987</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3241-d2c4ef556e737304ec93c5baa7bc26db09af36450fa43e66c4006e551f1490ad3</citedby><cites>FETCH-LOGICAL-c3241-d2c4ef556e737304ec93c5baa7bc26db09af36450fa43e66c4006e551f1490ad3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,777,781,27851,27906,27907</link.rule.ids></links><search><creatorcontrib>Adams, Charles M.</creatorcontrib><creatorcontrib>Prochaska, Fred J.</creatorcontrib><creatorcontrib>Spreen, Thomas H.</creatorcontrib><title>Price Determination in the U.S. Shrimp Market</title><title>Journal of agricultural and applied economics</title><addtitle>J. Agric. Appl. Econ</addtitle><description>The monthly and quarterly price determination processes for 31–40 and 21–25 size classes of raw-headless shrimp were examined to determine price leadership between market levels. Causal relationships were assessed using Haugh-Pierce, Sims, and Granger methods. Price models at the retail, wholesale, and exvessel market levels were estimated. Economic factors analyzed were income, prices of competing products, landings and imports of raw headless shrimp, total retail supply, beginning stocks, and marketing costs. Monthly prices generally exhibited unidirectional causality from exvessel to retail price. Quarterly prices were determined interdependently among market levels. Price responses between market levels were found to be symmetric with beginning stocks, landings, and imports of own-size shrimp the most important determinants of price.</description><subject>CAMARON DE MAR</subject><subject>causality</subject><subject>CONSUMER PRICES</subject><subject>CREVETTE</subject><subject>ESTADOS UNIDOS DE AMERICA</subject><subject>ETATS-UNIS</subject><subject>FORMACION DE PRECIOS</subject><subject>FORMATION DES PRIX</subject><subject>PRAWNS</subject><subject>PRECIO AL CONSUMIDOR</subject><subject>PRECIO AL POR MAYOR</subject><subject>PRECIO AL PRODUCTOR</subject><subject>PRICE FORMATION</subject><subject>prices</subject><subject>PRIX A LA CONSOMMATION</subject><subject>PRIX A LA PRODUCTION</subject><subject>PRIX DE GROS</subject><subject>PRODUCER PRICES</subject><subject>shrimp</subject><subject>Submitted Articles</subject><subject>USA</subject><subject>WHOLESALE PRICES</subject><issn>1074-0708</issn><issn>0081-3052</issn><issn>2056-7405</issn><issn>0081-3052</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1987</creationdate><recordtype>article</recordtype><sourceid>HYQOX</sourceid><sourceid>K30</sourceid><recordid>eNp1kMtOwzAQRS0EEqXwAbCKxDpl_Bg7WfIsVEWAQteW4zhtCk2KnUrw96RKhZAQq9mcO3PmEnJKYUSBqosMIKEckAEAQ67oHhkwQBkrAbhPBhSUiEFBckiOQlgCCMYwGZD42VfWRTeudX5V1aatmjqq6qhduGg2ykZRtvDVah09Gv_m2mNyUJr34E52c0hmd7ev1_fx9Gn8cH05jS1ngsYFs8KViNIprjgIZ1NuMTdG5ZbJIofUlFwKhNII7qS0AkA6RFpSkYIp-JCc93vXvvnYuNDqZbPxdXdSU5YqpQAT7CjaU9Y3IXhX6nXnavyXpqC3reg_rXSZuM9UoXWfP4HuOy07WdRy_KL5RLKE4ZWedPxZz5em0Wbuq6BnWZJwKXErwHcCZpX7qpi7X57_KnwDDsN3bg</recordid><startdate>19871201</startdate><enddate>19871201</enddate><creator>Adams, Charles M.</creator><creator>Prochaska, Fred J.</creator><creator>Spreen, Thomas H.</creator><general>Cambridge University Press</general><general>Southern Agricultural Economics Association</general><scope>FBQ</scope><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>ADABO</scope><scope>BEAJS</scope><scope>HYQOX</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDPSG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PEXHY</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>SAAPM</scope><scope>~P9</scope></search><sort><creationdate>19871201</creationdate><title>Price Determination in the U.S. Shrimp Market</title><author>Adams, Charles M. ; Prochaska, Fred J. ; Spreen, Thomas H.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3241-d2c4ef556e737304ec93c5baa7bc26db09af36450fa43e66c4006e551f1490ad3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1987</creationdate><topic>CAMARON DE MAR</topic><topic>causality</topic><topic>CONSUMER PRICES</topic><topic>CREVETTE</topic><topic>ESTADOS UNIDOS DE AMERICA</topic><topic>ETATS-UNIS</topic><topic>FORMACION DE PRECIOS</topic><topic>FORMATION DES PRIX</topic><topic>PRAWNS</topic><topic>PRECIO AL CONSUMIDOR</topic><topic>PRECIO AL POR MAYOR</topic><topic>PRECIO AL PRODUCTOR</topic><topic>PRICE FORMATION</topic><topic>prices</topic><topic>PRIX A LA CONSOMMATION</topic><topic>PRIX A LA PRODUCTION</topic><topic>PRIX DE GROS</topic><topic>PRODUCER PRICES</topic><topic>shrimp</topic><topic>Submitted Articles</topic><topic>USA</topic><topic>WHOLESALE PRICES</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Adams, Charles M.</creatorcontrib><creatorcontrib>Prochaska, Fred J.</creatorcontrib><creatorcontrib>Spreen, Thomas H.</creatorcontrib><collection>AGRIS</collection><collection>Istex</collection><collection>CrossRef</collection><collection>Periodicals Archive Online Foundation Collection 3 (2022)</collection><collection>Periodicals Archive Online Foundation Collection 3</collection><collection>ProQuest Historical Periodicals</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - 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Agric. Appl. Econ</addtitle><date>1987-12-01</date><risdate>1987</risdate><volume>19</volume><issue>2</issue><spage>103</spage><epage>111</epage><pages>103-111</pages><issn>1074-0708</issn><issn>0081-3052</issn><eissn>2056-7405</eissn><eissn>0081-3052</eissn><abstract>The monthly and quarterly price determination processes for 31–40 and 21–25 size classes of raw-headless shrimp were examined to determine price leadership between market levels. Causal relationships were assessed using Haugh-Pierce, Sims, and Granger methods. Price models at the retail, wholesale, and exvessel market levels were estimated. Economic factors analyzed were income, prices of competing products, landings and imports of raw headless shrimp, total retail supply, beginning stocks, and marketing costs. Monthly prices generally exhibited unidirectional causality from exvessel to retail price. Quarterly prices were determined interdependently among market levels. Price responses between market levels were found to be symmetric with beginning stocks, landings, and imports of own-size shrimp the most important determinants of price.</abstract><cop>New York, USA</cop><pub>Cambridge University Press</pub><doi>10.1017/S0081305200025371</doi><tpages>9</tpages><oa>free_for_read</oa></addata></record> |
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| language | eng |
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| source | AgEcon; Periodicals Index Online; EZB-FREE-00999 freely available EZB journals |
| subjects | CAMARON DE MAR causality CONSUMER PRICES CREVETTE ESTADOS UNIDOS DE AMERICA ETATS-UNIS FORMACION DE PRECIOS FORMATION DES PRIX PRAWNS PRECIO AL CONSUMIDOR PRECIO AL POR MAYOR PRECIO AL PRODUCTOR PRICE FORMATION prices PRIX A LA CONSOMMATION PRIX A LA PRODUCTION PRIX DE GROS PRODUCER PRICES shrimp Submitted Articles USA WHOLESALE PRICES |
| title | Price Determination in the U.S. Shrimp Market |
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