Relationships among North American fats and oils prices [USA]

Extract: The aim of this paper is to provide quantitative information on the price behavior of representative U.S. fats and oils, and on the substitution patterns between them. In so doing, three hypotheses about the relationships among fats and oils prices will be examined: (a) the prices of oils w...

Full description

Saved in:
Bibliographic Details
Published in:American journal of agricultural economics 1979-05, Vol.61 (2), p.335-341
Main Authors: Griffith, G. R., Meilke, Karl D.
Format: Article
Language:English
Subjects:
Canola
Coconut oil
Cots
Edible oils and fats
Fish oil
Lard
Oil prices
Rape statistics
Soybeans
Vibrational frequencies
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Extract: The aim of this paper is to provide quantitative information on the price behavior of representative U.S. fats and oils, and on the substitution patterns between them. In so doing, three hypotheses about the relationships among fats and oils prices will be examined: (a) the prices of oils with similar characteristics and similar end uses will be strongly interdependent; (b) price interdependencies are becoming more marked over time in markets with strong interchangeable demands; and (c) even for products with similar demand characteristics, short-run price behavior may be substantially different in terms of the extent and the timing of responses to changes in other prices.
ISSN:0002-9092
1467-8276
DOI:10.2307/1239741