Abstract
The objective of this study is to assess the degree and the structure of price dependence between different cuts of the beef industry in the USA. This is pursued using the statistical tool of copulas. To this end, it utilizes retail monthly data of beef cuts, within and between the quality grades of Choice and Select, over the period 2000–2014. For the Choice quality grade, there was evidence of asymmetric price co-movements between all six pairs of beef cuts under consideration. No evidence of asymmetric price co-movements was found between the three pairs of beef cuts for the Select quality grade. For the pairs of beef cuts formed between the Choice and Select quality grades, the empirical results point to the existence of price asymmetry only for the case of the chuck roast cut.
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©2016 by De Gruyter
Articles in the same Issue
- Frontmatter
- Non-Tariff Measures When Alternative Regulatory Tools Can Be Chosen
- Mergers and Acquisitions (M&As), Market Structure and Inventive Activity in the Agricultural Biotechnology Industry
- Measuring Bilateral Market Power in International Markets of Vertically Differentiated Agricultural Commodities
- Testing for Oligopsony Power in the US Green Skin Avocado Market
- Innovation in the Seed Market: The Role of IPRs and Commercialization Rules
- Modeling US Farmer Soybean Seed Choice with Path Dependencies: Inevitable Patented Seed Market Dominance?
- Partial Adherence to Voluntary Quality Standards for Experience Goods
- Investigating the Price Transmission Mechanisms of Greek Fresh Potatoes, Tomatoes and Cucumbers Markets
- Channel Concentration and Retail Prices: Evidence from the Traditional Cheese Market of Cyprus
- Price Dependence between Different Beef Cuts and Quality Grades: A Copula Approach at the Retail Level for the U.S. Beef Industry
- Factors Associated with Alcoholic Beverages Consumption in Russia: A Discrete Choice Model
Articles in the same Issue
- Frontmatter
- Non-Tariff Measures When Alternative Regulatory Tools Can Be Chosen
- Mergers and Acquisitions (M&As), Market Structure and Inventive Activity in the Agricultural Biotechnology Industry
- Measuring Bilateral Market Power in International Markets of Vertically Differentiated Agricultural Commodities
- Testing for Oligopsony Power in the US Green Skin Avocado Market
- Innovation in the Seed Market: The Role of IPRs and Commercialization Rules
- Modeling US Farmer Soybean Seed Choice with Path Dependencies: Inevitable Patented Seed Market Dominance?
- Partial Adherence to Voluntary Quality Standards for Experience Goods
- Investigating the Price Transmission Mechanisms of Greek Fresh Potatoes, Tomatoes and Cucumbers Markets
- Channel Concentration and Retail Prices: Evidence from the Traditional Cheese Market of Cyprus
- Price Dependence between Different Beef Cuts and Quality Grades: A Copula Approach at the Retail Level for the U.S. Beef Industry
- Factors Associated with Alcoholic Beverages Consumption in Russia: A Discrete Choice Model