Food Marketing Policy Center Asymmetric Response of Retail Milk Prices in the Northeast Revisited

@inproceedings{Lass2005FoodMP,
  title={Food Marketing Policy Center Asymmetric Response of Retail Milk Prices in the Northeast Revisited},
  author={Daniel A. Lass},
  year={2005}
}
Retail milk price responses to farm price changes were analyzed for Boston, Massachusetts, and Hartford, Connecticut. Prior research concluded asymmetries did not exist in the response of retail fluid milk prices to changes in farm prices. This study finds transmission rates were greater for the Compact period (100 – 120 percent) than the PreCompact period (66 – 88 percent). Short-run asymmetries were apparent. Retail prices responded rapidly to farm price increases, but slowly to farm price… CONTINUE READING