“…The works of Barros (1990), Margarido, Turolla and Fernandes (2001), Weydmann and Seabra (2006), Mayorga (2007), Belk, Orth and Setzer (2010), Hassouneh, Serra and Gil (2010), Cavalcanti (2010), Fernandes et al (2010), Viana et al (2010), Figueiredo (2010), Wolf andNeto (2011), andHassouneh et al (2012) have studied the price transmission elasticity between different market levels.…”