Premium
Price asymmetry and marketing margin behavior: An example for California—Arizona citrus
Author(s) -
Pick Daniel H.,
Karrenbrock Jeffrey,
Carman Hoy F.
Publication year - 1990
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(199001)6:1<75::aid-agr2720060108>3.0.co;2-p
Subject(s) - atlanta , margin (machine learning) , economics , navel orange , medicine , metropolitan area , pathology , machine learning , computer science , horticulture , biology
The formal relationship between price asymmetry and marketing margins is derived and illustrated with a weekly analysis of prices and margins for fresh lemons and Navel oranges in four retail markets. In the short‐run, retail prices and margins for both products were more responsive to f.o.b. price increases than they were to decreases, except for lemons in the Atlanta and Dallas markets and Navel oranges in the Atlanta market. Over time, retail price and margin adjustments to f.o.b. price changes appear to be symmetric with respect to price increases and decreases.