@article{Kharin:276092,
      recid = {276092},
      author = {Kharin, S.},
      title = {Price Transmission Analysis: the Case of Milk Products in  Russia},
      journal = {AGRIS on-line Papers in Economics and Informatics},
      address = {2018},
      number = {665-2018-3613},
      year = {2018},
      abstract = {This paper investigates vertical price transmission along  the milk supply chain in the Russian market using a vector  autoregression model. Monthly farm-gate and retail prices  were used in the analysis. Using cointegration technique,  we find no empirical evidence for cointegration between  farm-gate and retail prices. We show that there is  bidirectional Granger causality from farm to retail prices  and vice versa. However, response of the farm-gate price to  a change in retail price is greater and slightly longer  than price response of the retail price to a change at the  farm level. The results support the assumption that price  changes are not transmitted efficiently from one level to  another.},
      url = {http://ageconsearch.umn.edu/record/276092},
      doi = {https://doi.org/10.22004/ag.econ.276092},
}