?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F2901%2F&rft.title=Price+Dynamics+of+Agricultural+Commodities%3A+Evidence+from+Turkey&rft.creator=Bor%2C+Ozgur&rft.creator=Tuncay%2C+Berna&rft.subject=HB+Economic+Theory&rft.description=Farmers+at+the+beginning+and+consumers+at+the+end+of+the+marketing+chain+often+suspect+that+imperfect+competition+in+processing+and+retailing+allows+middlemen+to+abuse+market+power.+Therefore%2C+the+existences+of+price+asymmetries+indicate+an+unbalanced+relationship+between+increases+and+decreases+for+a+product+through+the+farm+gate+and+retail+stages.+Price+transmission+can+be+defined+as+the+relationship+between+prices+in+two+related+markets.+Price+transmission+is+used+to+demonstrate+the+effects+of+a+price+change+in+one+market+over+another+and+provides+information+on+the+extent+of+markets.+The+special+interest+is+whether+the+transmission+is+symmetric+or+asymmetric.+A+symmetric+price+transmission+integrates+markets+vertically+and+horizontally+and+a+change+in+prices+in+one+market+quickly+reflected+to+another.+But%2C+if+the+price+transmission+between+the+specific+stages+of+the+supply+chain+is+asymmetric%2C+then+the+price+changes+at+the+production+level+are+not+passed+to+price+changes+at+the+processing+and%2For+retail+level+quickly+or+fully+as+in+the+case+of+a+symmetric+transmission.+Most+publications+on+asymmetric+price+transmission+refer+to+non-competitive+market+structures+as+an+explanation+for+asymmetry.+Market+power+and+oligopolistic+behavior+can+cause+imperfect+price+transmission+(Vavra+and+Goodvin+2005).+Brown+%26+Y%C3%BCcel+(2000)+consider+oligopolistic+firms+that+engage+in+unspoken+collusion+to+maintain+higher+profits.+Ward+(1982)+suggests+that+market+power+can+lead+to+negative+APT+if+oligopolists+are+reluctant+to+risk+losing+market+share+by+increasing+output+prices.+Market+power+would+appear+to+be+capable+of+leading+to+long+lasting+asymmetries+in+the+magnitude+of+adjustment+(Meyer+Craubadel+2004%3A590).+Therefore%2C+the+aim+of+the+study+is+to+test+for+raw+milk+and+retail+fluid+milk+price+transmission+in+Turkey+by+employing+the+method+of+cointegration+in+the+presence+of+asymmetric+error+correction.+In+analyzing+the+historical+data%2C+evidence+on+price+transmission+for+liquid+milk+have+been+considered.+Monthly+data+between+2005-2014+for+retail+and+raw+milk+prices+are+used.+M-Tar+and+Tar+and+standard+EG+model+of+cointegration+techniques+are+applied+in+order+to+capture+the+possible+asymmetric+relations.&rft.date=2015&rft.type=Working+Paper&rft.type=PeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.rights=cc_by_nc&rft.identifier=http%3A%2F%2Feprints.imtlucca.it%2F2901%2F1%2Fberna.pdf&rft.identifier=++Bor%2C+Ozgur+and+Tuncay%2C+Berna++Price+Dynamics+of+Agricultural+Commodities%3A+Evidence+from+Turkey.++Working+Paper+++++++(Submitted)+++