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Conclusively, estimating price dependence while considering pork as a non-differentiated product, would ignore differential responses.
Emmanouilides et al. (2013), assessed price dependence in the olive oil market of the Mediterranean Greece, Spainn, and Italy).
In our study, we empirically estimate retail price dependence between different pork cuts, utilizing the statistical tool of copulas.
The objective of this study is to assess the degree and the structure of price dependence between different cuts in the US pork industry at the retail level.
In this article we are interested in assessing the degree and the structure of price dependence between different pork cuts, using the copula methodology.
All of them are members of the elliptical copulas and Archimedean copulas, since they permit considerable flexibility in capturing retail price dependence between different cuts of pork in the US.
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