Browsing Division of Applied Social Sciences (MU) by Title "Department of Agricultural Economics working paper ; no. AEWP 2001-5"
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Why a Well Functioning Market Generates Asymmetry of Farm and Wholesale Prices for Hogs and Pork
(2010-11)Conventional wisdom suggests that weekly prices at farm, wholesale, and retail levels should exhibit symmetry. Observation of asymmetrical price movements is submitted as evidence of the existence and use of "market power" ...