@article{Tejeda:308823,
      recid = {308823},
      author = {Tejeda, Hernan A. and Kim, Man-Keun},
      title = {Dynamic price relationships and price discovery among  cheese markets},
      journal = {International Food and Agribusiness Management Review},
      address = {2020-09},
      number = {1030-2021-203},
      year = {2020},
      abstract = {The United States (U.S.) cheese sector has been steadily  growing throughout the years. Since 1980, U.S. consumers  have doubled their annual consumption of cheese, currently  at about 37.9 lbs. per capita in 2018 excluding cottage  cheese. Cheese varieties are generally classified as  American type (Cheddar, Monterey and others), Italian type  (Mozzarella and others), and Other type (Swiss, Muenster  and others) since they serve different markets. American  cheese is consumed regularly in hamburgers, sandwiches and  in similar settings. Italian cheese is typically consumed  in pizzas, pasta and Italian cuisine. Despite the  burgeoning growth in cheese demand, there has been no study  addressing the dynamic price relationship among different  varieties of cheese. This study investigates the price  discovery process among cheese varieties: Cheddar,  Mozzarella, Swiss, Muenster, and Monterey by using a vector  error correction model and standard innovation accounting.  Results indicate relative price interaction among different  varieties of cheese, providing empirical evidence of some  decouplment or separation among American (Cheddar and  Monterey), Italian (Mozzarella), and Other type (Swiss). An  exemption is Muenster which despite being classified as  Other type of cheese responds to American’s Cheddar.},
      url = {http://ageconsearch.umn.edu/record/308823},
      doi = {https://doi.org/10.22004/ag.econ.308823},
}