Incorporating Price Regulation in Causality Tests for Dairy Markets
Emerick, Paula A.; Willett, Lois Schertz; Novakovic, Andrew M.
Price relationships across market levels have hecome an issue of concern in dairy markets as lower support levels have led to increased price volatility. This study analyzes price causality in the presence of price regulation. Specific causal relationships are estimated and are not generally affected hy regulated prices.
Charles H. Dyson School of Applied Economics and Management, Cornell University