Price transmission dynamics for quality‐certified food products: A comparison between conventional and organic fluid milk in Italy

Antonioli, Federico; Kaabia, Monia Ben; Arfini, Filippo; Gil, José M.

doi:10.1002/agr.21568

Cited by 13 publications

(9 citation statements)

References 79 publications

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“…First, the body of literature on food commodities designated with a quality label has grown over the years using different approaches: Consumers' perceptions [15][16][17][18], marketing strategies [19,20], power relations between participants [21,22], and implications on the producers' and consumers' wellbeing [23,24]. Second, previous research dealing with price transmission dynamics in a protected supply chain is scarce, and only the authors of [25,26] investigated the vertical transmission of prices in levels along the supply chain for organic milk and PDO Parmigiano Reggiano, respectively, for a recent period after the longstanding global crisis. Both studies provided a comparative analysis of the behavior of price dynamics in levels of the quality-differentiated product and its conventional counterpart.…”

Section: Introductionmentioning

confidence: 99%

Geographical Indications and Price Volatility Dynamics of Lamb Prices in Spain

2020

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For decades, food quality standards have attracted the interest of governance institutions and regulation authorities, who have responded to the increasing and demanding societal challenges. In addition, the open debate on significant variability and unusually high levels of agrifood prices recorded in 2007 and later in 2011 affect the behavior of the chain actors involved. As an attempt to bring together these wide concerns within a quantitative framework, a comparative analysis of the performance of the price volatility dynamics allowing for asymmetric behavior along the supply chain of a protected geographical indication (PGI)-certified lamb and its corresponding non-PGI counterpart, both located in the same region of Spain, was undertaken using weekly farm-retail prices for the period 2011–2018. The results indicate the existence of significant volatilities and an asymmetric transmission mechanism along the non-PGI-certified lamb supply chain, whereas the PGI-certified supply chain is impacted by volatility effects, yet characterized by symmetric behavior, which may suggest a high degree of relative market efficiency.

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Section: Introductionmentioning

confidence: 99%

Geographical Indications and Price Volatility Dynamics of Lamb Prices in Spain

2020

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“…By contrast, milk consumption is undergoing an evolution with a growth of so-called green products [67,68]. In general, consumers' interest for organic and local production has grown tremendously [69].…”

Section: Discussionmentioning

confidence: 99%

Market Opportunities for Hay Milk: Factors Influencing Perceptions among Italian Consumers

Palmieri

Pesce²,

Verrascina³

et al. 2021

Animals

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Central and South Italy are characterized by small-scale dairy farms and growing abandonment by farmers for other, better-paid, off-farm jobs. New marketing concepts for milk can be one solution to remunerate mountain farmers for their efforts. This study investigates the potential market for hay milk in Italy. In particular, we want to understand which variables drive the people’s willingness to consume hay milk, and if the European food quality certification schemes impact on people’s willingness to consume milk from hay-fed cows. Data were collected from a sample of consumers from Central and South Italy (n = 331) using a web-based survey. Later, a discrete choice probit model was applied. The main results indicate that aspects as curiosity, the production place of food, the local culinary traditions, label, and environmental issues play an important role in the people’s consumption intentions for milk from hay-fed cows. Moreover, the survey highlights that the respondents had positive opinion towards hay milk and highlighted some important marketing implications for the Italian milk sector. The study findings could encourage discussion about a niche market to boost local growth, initiating a process of improving livelihoods, certification of products, and use of the marketing tools addressed towards a specific milk consumer’s profile. In other words, the study could provide useful implications for food manufacturers and facilitate the design of marketing strategies for hay milk produced in Central and South Italy.

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“…Cavicchioli [12] and Madau et al [56] studied the buyer power in the supply chain of fresh milk highlighting how market structure affects the upstream and downstream spread of prices. Antonioli et al [57] analysed the differences along quality differentiated chains focusing on conventional and organic milk, finding that the latter chain is more responsive than the conventional one. Again, differences in the structure of the two markets are found to affect price transmission mechanism.…”

Section: Background and Literature Reviewmentioning

confidence: 99%

The Effects of Agricultural Price Instability on Vertical Price Transmission: A Study of the Wheat Chain in Italy

2019

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In this paper we analyse vertical price transmission in two typical Italian wheat chains, the pasta and bread chains, that were particularly affected by strong market fluctuations during the last years. After having split the chains into two sides, upstream (farm–wholesale) and downstream (wholesale–retail), we apply a cointegration methodology allowing for the presence of potentially unknown structural breaks. Then, for the different subperiods detected by the break dates, we investigate the evolving price transmission elasticities finding evidence of asymmetric price transmission. In the pasta chain, farmers seem to be price-takers, while in the bread chain price transmission is related to market structure and to the coexistence of small and large retailers.

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Price transmission dynamics for quality‐certified food products: A comparison between conventional and organic fluid milk in Italy

Cited by 13 publications

References 79 publications

Geographical Indications and Price Volatility Dynamics of Lamb Prices in Spain

Geographical Indications and Price Volatility Dynamics of Lamb Prices in Spain

Market Opportunities for Hay Milk: Factors Influencing Perceptions among Italian Consumers

The Effects of Agricultural Price Instability on Vertical Price Transmission: A Study of the Wheat Chain in Italy

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