Food Price Dynamics and Price Adjustment in the EU

Hardcover | November 8, 2015

EditorSteve McCorriston

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This book addresses the important issue of food prices across EU Member States. Although recent attention has focused on events in world commodity markets following the spikes in world prices in 2007-2008 and 2011, there has been comparatively little attention addressing food price dynamics atthe retail level. This volume addresses the characteristics of retail food price behaviour and the nature and drivers of price transmission across the EU. There are several inter-related features of the research reported here. First, the volume reports the characteristics of retail food inflationacross the EU and the extent to which it differs from non-food inflation. Second, given the different experience of food inflation across EU Member States, it details the process of price transmission as shocks from upstream and world markets are passed through the food sector to the retail stage.Third, it addresses how the extent and nature of price transmission is determined by various aspects of competition throughout the domestic food sector and how the nature of vertical contracting between stages can determine the price transmission process. Finally, it outlines the potential ofhigh-frequency, product-specific scanner data to address price dynamics and adjustment issues and how scanner data can also be used to measure food price inflation. The book will be of interest to researchers on price transmission and competition issues in the EU and, given the wider interest on these issues coupled with the novel use of scanner data, to researchers further afield. The contributions will also be of interest to policymakers and stakeholders asthey seek to make sense of, and to address, regulation issues as they relate to the food sector.

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This book addresses the important issue of food prices across EU Member States. Although recent attention has focused on events in world commodity markets following the spikes in world prices in 2007-2008 and 2011, there has been comparatively little attention addressing food price dynamics atthe retail level. This volume addresses the...

Steve McCorriston is Professor of Agricultural Economics in the Department of Economics, University of Exeter Business School, University of Exeter. He serves as Editor of the European Review of Agricultural Economics and formerly was Associate Editor of the American Journal of Agricultural Economics. His research interests focus on tr...
Format:HardcoverDimensions:208 pages, 9.21 × 6.14 × 0.74 inPublished:November 8, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198732392

ISBN - 13:9780198732396

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Table of Contents

1. Steve McCorriston: Introduction2. Tim Lloyd, Steve McCorriston, and Wyn Morgan: Food Inflation in the EU: Contrasting Experience and Recent Insights3. Islam Hassouneh, Carsten Holst, Teresa Serra, Stephan von Cramon-Taubadel, and Jose M. Gil: Overview of Price Transmission and Reasons for Different Adjustment Patterns across EU Member States4. Celine Bonnet, Tifenn Corre, and Vincent Requillart: Price Transmission in Food Chains: The Case of the Dairy Industry5. Jens-Peter Loy, and Thomas Glauben: Spatial and Temporal Retail Pricing on the German Beer Market6. Elena Castellari, Daniele Moro, Silvia Platoni, and Paolo Sckokai: The Use of Scanner Data for Measuring Food Inflation7. Johan Swinnen and Anneleen Vandeplas: Price Transmission in Modern Agricultural Value Chains: Some Conceptual Issues8. Gerhard Schiefer and Jivka Deiters: A Supply Chain Perspective on Price Formation in Agri-Food Chains9. Steve McCorriston: Summing Up: New Insights and the Emerging Policy and Research Agenda for Addressing Food Price Inflation