000050932 001__ 50932
000050932 005__ 20180122211036.0
000050932 037__ $$a351-2016-17986
000050932 041__ $$aen
000050932 245__ $$aMilk Retail Sales Patterns in a Transition Economy. The Case of Hungary
000050932 260__ $$c2009-04-01
000050932 269__ $$a2009-04-01
000050932 270__ $$mbakucs@econ.core.hu$$pBakucs,   Lajos Zoltan
000050932 300__ $$a28
000050932 336__ $$aConference Paper/ Presentation
000050932 520__ $$aModern theories of sales make conflicting predictions about the temporal pattern of sales, which we test using retail chain level data. In this paper, we focus on the retail sale patterns of two retail milk prices in a New Member State (NMS), Hungary using weekly data across eight retail chain between 2005 January and 2008 June. We employ a battery of empirical tests, to try a number of sale theory hypotheses. First, we present summary statistics, histograms, and correlations of prices and sales from which we conclude that no theory of sales fully describes sale patterns and price distributions. Second, we apply vector autoregressive analysis and Granger tests of temporal ordering (”causality tests”) to determine whether the sale of one retail chain is followed in a predictable way by the sale of another retail chain or its own later sales. Our results suggest a dual retail market structure. Finally, we employ panel cointegration to test confirm that durable goods should have qualitatively different pricing pattern than less-durable goods. Similarly to Berck et al. (2007) we fail to see a clear difference between storable milk and boxed milk patterns.
000050932 542__ $$fLicense granted by DONNA EWEN (donna.ewen@sac.ac.uk) on 2009-06-10T12:42:15Z (GMT):

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000050932 650__ $$aLivestock Production/Industries
000050932 6531_ $$aSales
000050932 6531_ $$aretail prices
000050932 6531_ $$amilk
000050932 700__ $$aBakucs, Lajos Zoltan
000050932 700__ $$aFerto, Imre
000050932 8564_ $$s355314$$uhttp://ageconsearch.umn.edu/record/50932/files/bakucs_ferto51.pdf
000050932 887__ $$ahttp://purl.umn.edu/50932
000050932 909CO $$ooai:ageconsearch.umn.edu:50932$$pGLOBAL_SET
000050932 912__ $$nSubmitted by DONNA EWEN (donna.ewen@sac.ac.uk) on 2009-06-10T12:45:18Z
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  Previous issue date: 2009-04-01
000050932 982__ $$gAgricultural Economics Society>83rd Annual Conference, March 30 - April 1, 2009, Dublin, Ireland
000050932 980__ $$a351