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__ $$fLicense granted by DONNA EWEN (donna.ewen@sac.ac.uk) on 2009-06-10T12:42:15Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (“Work”). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (“University”), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000050932 650__ $$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__ $$nSubmitted by DONNA EWEN (donna.ewen@sac.ac.uk) on 2009-06-10T12:45:18Z No. of bitstreams: 1 bakucs_ferto51.pdf: 355314 bytes, checksum: cd637125581bfd6e18be15cc4a32f1be (MD5) 000050932 912__ $$nMade available in DSpace on 2009-06-10T12:45:19Z (GMT). No. of bitstreams: 1 bakucs_ferto51.pdf: 355314 bytes, checksum: cd637125581bfd6e18be15cc4a32f1be (MD5) Previous issue date: 2009-04-01 000050932 982__ $$gAgricultural Economics Society>83rd Annual Conference, March 30 - April 1, 2009, Dublin, Ireland 000050932 980__ $$a351