德国饲料工业的市场结构：造成不对称的空间价格传导？

Q3 Business, Management and Accounting

Journal of Agricultural and Food Industrial Organization Pub Date : 2018-06-26 DOI:10.1515/jafio-2018-0007

H. Schulte, O. Musshoff

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引用次数: 2

摘要

摘要在过去的几年里，德国西北部的饲料产量和饲料行业的市场集中度大幅提高。这一发展可能会导致德国各地区之间的饲料价格传导不对称，因为其他地区的饲料市场增长较慢，因此相对数量和重要性下降。为了分析这一发展，本研究的目的是量化下萨克森州西部、下萨克森东部和威斯特伐利亚州之间猪、母鸡和小牛饲料价格的价格关系。假设西下萨克森州为中心市场，并使用2007年至2017年的月度价格观察，结果表明，饲料价格在不同地区和不同类型的饲料中是共同整合的。结果显示，在下萨克森州西部和下萨克森东部之间，猪饲料价格有不对称传递的趋势，但在5 % 数量此外，我们还测试了饲料丑闻对猪饲料中二恶英和塞尔维亚进口玉米中霉菌的影响，但我们无法根据饲料丑闻估计地区之间的价格调整模式。总结这些结果，我们得出的结论是，饲料价格可能在不同地区之间完美传递，并且独立于饲料丑闻和饲料类型。

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Market Structure of the Feed Industry in Germany: Causing Asymmetric Spatial Price Transmission?

Abstract Over the last couple of years, the production amount of feed and the market concentration of the feed industry vastly increased in North-Western Germany. This development might lead to asymmetric price transmission of feed between regions in Germany because feed markets in other regions grow slower and therefore decline in relative volume and importance. To analyze this development, the objective of the study was to quantify price relationships of pig, hens and calves feed prices between Western Lower Saxony, Eastern Lower Saxony and Westphalia. Assuming Western Lower Saxony as the central market and using monthly price observation from 2007 until 2017, the results show that the feed prices were co-integrated across regions and type of feed. The results show a tendency of asymmetric price transmission for pig feed between Western Lower Saxony and Eastern Lower Saxony but this was not statistically significant at the 5 % level. Furthermore, we also tested the influence of the feed scandals dioxin in pig feed and mold in imported maize from Serbia, but we could not estimate a pattern of price adjustments between regions according to the feed scandals. Summarizing the results, we came to the conclusion that feed prices might be perfectly transmitted across regions and independently from feed scandals and type of feed.

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来源期刊

Journal of Agricultural and Food Industrial Organization Business, Management and Accounting-Business, Management and Accounting (all)

CiteScore

3.10

自引率

0.00%

发文量

期刊介绍： The Journal of Agricultural & Food Industrial Organization (JAFIO) is a unique forum for empirical and theoretical research in industrial organization with a special focus on agricultural and food industries worldwide. As concentration, industrialization, and globalization continue to reshape horizontal and vertical relationships within the food supply chain, agricultural economists are revising both their views of traditional markets as well as their tools of analysis. At the core of this revision are strategic interactions between principals and agents, strategic interdependence between rival firms, and strategic trade policy between competing nations, all in a setting plagued by incomplete and/or imperfect information structures. Add to that biotechnology, electronic commerce, as well as the shift in focus from raw agricultural commodities to branded products, and the conclusion is that a "new" agricultural economics is needed for an increasingly complex "new" agriculture.