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BURDUR İLİ SÜT PİYASASINDA ASİMETRİK FİYAT DAVRANIŞI

Yıl 2021, Cilt: 5 Sayı: 5, 88 - 99, 29.12.2021

Öz

Bilgi, iktisat literatüründe önemli bir yere sahiptir. Klasik iktisat teorisi, iktisadi karar birimlerinin tam bilgiye sahip olduklarını varsaymaktadır ve piyasaya müdahalenin olmadığı durumda piyasa dengededir. Piyasaya müdahalenin olduğu durumda ise kıt kaynakların etkin kullanılmadığı yani pareto optimumum sağlanmadığı ve piyasa başarısızlığının yaşandığını ileri sürülmektedir. Piyasa başarısızlığının nedenlerinden biri asimetrik bilgidir. Asimetrik bilgi, piyasada bulunan karar birimlerinden birinin diğerine göre daha fazla bilgiye sahip olma durumudur. Dolayısıyla karar birimleri kararlarını eksik bilgi ile alabilmektedirler. Eksik bilginin varlığı taraflar arasındaki bilgi simetrisini bozmaktadır. Çalışmanın amacı, hayvan sayısında 19’uncu, süt miktarında 10’uncu ve büyük baş hayvandan elde edilen süt miktarında ise 1’inci sırada yer alan Burdur ili süt piyasasının asimetrik fiyat yapısını incelemektir. Çalışmada, üretici ve tüketici fiyat serileri arasındaki uzun dönemli ilişki eşbütünleşme analizi kullanılarak kısa dönemli ilişki ise hata düzeltme modeli kullanılarak analiz edilmiştir. Yapılan analiz sonucunda, pozitif hata terimlerinin (ECT+) gecikmeli değerleri ile negatif hata terimlerinin (ECT-) gecikmeli değerleri arasında istatistiki olarak anlamlı bir ilişki bulunmuştur. Hesaplanan hata terimlerinin mutlak değerleri karşılaştırıldığında, ECT-‘ye ait mutlak değerin ECT+’dan büyük olduğu tespit edilmiştir. Analizde, perakendecilerin kar marjlarını daraltıcı şoka kar marjını genişletici şoktan daha hızlı tepki verdiği sonucuna ulaşılmıştır.

Destekleyen Kurum

Burduru Mehmet Akif Ersoy Üniversitesi BAP Koordinatörlüğü

Proje Numarası

0447-YL-17

Kaynakça

  • ABDULAI, A. (2000). “Spatial Price Transmission and Asymmetry in the Ghanajan Maize Market”, Journal of Development Economics, 63(2): 327-349.
  • ACHARYA, R.N. (2000). Market Power and Asymmetry in Farm- Retail Price Transmission, (No. 372-2016-19454)
  • ACOSTA, A. ve VALDÉS, A. (2014). “Vertical Price Transmission of Milk Prices: Are Small Dairy Producers Efficiently Integrated into Markets”, Agribusiness, 30(1): 56-63.
  • ALP, S. ve KARAKAŞ A. (2008). “Asimetrik Bilgi Teorisi Karşısında Hayek’in Ekonomik Yaklaşımları: Karşılaştırmalı Bir Analiz”, Liberal Düşünce Üç Aylık Dergisi, 51-52:215-230.
  • BLOMQVIST A. ve LEGER P.T. (2003). “Information Asymmetry, Insurance and the Decision to Hospitalize”, www.ntz.fas nus.edu.Org /ecs/pub /wp0305pdf, (04.05.2018).
  • BOYD, M. S. ve BRORSEN. B. W. (1988). “Price Asymmetry in the US Pork Marketing Channel”, North Central Journal of Agricultural Economics, 10:103–109.
  • BÖLÜK, G. ve KARAMAN, S. (2015).“Süt Arz Zincirinde Aksak Rekabet Koşullarının Asimetrik Hata Düzeltme Modeli İle Analizi”, Rekabet Dergisi, 16(1):3-40.
  • CAPPS, O. Jr. ve SHERWELL, P. (2005). Spatial asymmetry in farm-retail price transmission associated with fluid milk products (No. 378-2016-21279).
  • COOK, S. ve HOLLY, S. (2002). “Threshol Specification for Asymmetric Error Correction Models”, Applied Economics Letter, 9(11):711-713.
  • COOK, S. (2003). “A sensitivity Analysis of Threshold Determination for Asymmetric Error Correction Models”, Applied Ecnomics Letters, 10(10):611-616.
  • COWEN, T. ve CRAMPTON, E. (2002). Market Failure or Success, The New Debate, USA.
  • CRAMON-TAUBADEL S. V. (1998). “Estimating Asymmetric Price Transmission with the Error Correction representation: An Application to the German Pork Market” , European Review of Agricultural Economics, 25(1):1-18.
  • ÇETİNKAYA, Ş. (2012). “Asimetrik Bilginin Piyasalara Etkileri ve Finansal Krizlerdeki Rolü”, Sakarya İktisat Dergisi, 1(2):46-63.
  • ENDER, W. ve GRANGER, C.W.J. (1998). “Unit Root Test and Asymmetric Adjustments With An Example Using the Term Sturcture of Interest Rates”, Journal of Business of and Ecconomic Statistics, 16(3):304-311.
  • ENDERS, W. ve Siklos, P.L. (2001). “Cointegration and Threshold Adjustment”, Journal of Business & Economic Statistics, 19:166–176.
  • ENGLE, R. F. ve GRANGER, C.W.J. (1987). “Co-Integration and Error Correction: Representation, Estimation, and Testing”, Econometrica: Journal of the Econometric Society, 55:251–276.
  • FAOSTAT, (2021). http://www.fao.org/faostat/en/#data/QL, (10.11.2020).
  • GIRANPUNTHONG, N., VAN SICKLE J.J. ve RENWICK A. (2003). “Price Asymmetry in the United States Fresh Tomato Market”, Journal of Food Distribution Research, 34(3):51-59.
  • GOODWIN, B. K. ve HOLT, M. T. (1999). “Price Transmission and Asymmetric Adjustment in the U.s. Beef Sector”, American Journal Of Agricultural Economics, 81:630-637.
  • GRANGER, C.W.J. ve LEE, T. H. (1989). “Investigation of Production, Sales and Inventory Relationships Using Multicointegration and Non- Symmetric Error Correction Models”, Journal of Applied Econometrics, 4:135-159.
  • HOUCK, J. P. (1977). “An Approach to Specifying and Estimating Nonreversible Functions”, American Journal of Agricultural Economics, 59(3):570-572.
  • KAABIA, M.B. ve GIL, J.M. (2007). “Asymmetric Price Transmission in the Spanish Lamb Sector”, Eurropean Review of Agricultural Economics, 34(1):53-80.
  • LUOMA, A., LUOTO, J. ve TAIPALE, M. (2004). Threshold cointegration and asymmetric price transmission in Finnish beef and pork markets. Helsinki: Pellervo Economic Research Institute.
  • MEYER, J. ve VON CRAMON –TAUBADEL S. (2004). “Asymmetric Price Transmission: A Survey”, Journal of Agricultural Economics, 55(3): 581-611.
  • ÖZER O.O. (2011). “Koyun Eti Fiyatının Asimetrik Fiyat Geçirgenliği ile Analizi: Türkiye Örneği”, Tarım Ekonomisi Dergisi; 17(2):55-63
  • POPOVICS, P.A. ve TOTH, J. (2005). Analysis of price transmission and the asymmetric effect of prices in the Hungarian dairy sector. In IAMO–Forum 2005, How effective is the invisible hand? Agricultural and Food Markets in Central and Eastern Europe (pp. 16-18).
  • REZITI, I., ve Y. PANAGOPOULOS. (2008). “Asymmetric Price Transmission in the Greek Agri-Food Sector: Some Tests”, Agribusiness, 24:16–30.
  • TEKGÜÇ, H., (2010). Three essays on the Political Economy of Livestock Sector in Turkey, Open Access Dissertations Paper, No: 232.
  • TSAY, R. S. (1989). “Testing and Modelling Threshold Autoregressive Processes”, Journal of the American Statistical Association, 84(405):231-240.
  • TÜİK (2021a). Bölgesel istatistikler, Hayvansal Ürünler, https://biruni.tuik.gov.tr/bolgeselistatistik/tabloOlustur.do#, (06.10.2021).
  • TÜİK (2021b). Bölgesel istatistikler, Canlı Hayvanlar, https://biruni.tuik.gov.tr/bolgeselistatistik/tabloOlustur.do#, (06.10.2021).
  • TÜİK (2021b). Bölgesel İstatistikler, Süt verimliliği, https://biruni.tuik.gov.tr/bolgeselistatistik/degiskenlerUzerindenSorgula.do, (06.10.2021).
  • TWEETEN, L.G. ve QUANCE, C. L. (1969). “Positivistic Measures of Aggregate Supply Elasticities: Some New Approaches”, The American Economic Review, 59:175–183.
  • ULUSAL SÜT KONSEYİ (2020). “Dünya ve Türkiye’de Süt Sektör İstatistikleri”, Süt Raporu, Ankara.
  • VON CRAMON-TAUBADEL, S. ve LOY J.P. (1996). “Price Asymmetry in the International Wheat Market: Comment”, Can. J. Agric. Econ. 44:311-317.
  • VON CRAMON-TAUBADEL, S. (1998). “Estimating Asymmetric Price Transmission with the Error Correction Representation: An Application to the German Pork Market”, European Review of Agricultural Economics, 25:1–18.
  • VON CRAMON-TAUBADEL, S.V. ve FAHLBUSCH, S. (1994). Identifying Asymmetric Price Transmission with Error Correction Models Poster Session. In EAAE European Seminar in Reading.
  • WARD, R. W. (1982). “Asymmetry in Retail, Wholesale and Shipping Point Pricing for Fresh Vegetables”, American Journal of Agricultural Economics, 64(2):205-212.
  • WOLLFRAM, R. (1971). “Positivistic Measures of Aggregate Spply Elasticities-Some New Approaches- Some Critial Notes”, American Journal of Economics, 53(2):356-359.
  • YAY, T., YAY, G. G. ve YILMAZ, E. (2001). Küreselleşme Sürecinde Finansal Krizler ve Finansal Düzenlemeler, İstanbul Ticaret Odası, İstanbul.

ASYMMETRIC PRICE BEHAVIOR IN BURDUR MILK MARKET

Yıl 2021, Cilt: 5 Sayı: 5, 88 - 99, 29.12.2021

Öz

Information has a significant position in economic literature. Classical economic theory assumes that decision-making units have complete information. In the absence of market interventions, the market is in equilibrium. In the case of intervention in the market, it is claimed that the scarce resources are not used effectively, that is, the pareto optimum is not achieved and market failure is experienced. One of the reasons of market failure is asymmetric information. Asymmetric information is the situation in which one of the decision units in the market has more information than the other. Therefore, decision units can take their decisions under the condition of imperfect information. The existence of imperfect information impairs the symmetry of information among the parties. The aim of the study is to examine the asymmetric price structure of the milk market in Burdur province, which ranks 19th in the number of animals, 10th in the amount of milk produced and 1st in the amount of milk obtained per cattle. In the study, the long-term correlation between producer and consumer price series was analyzed using co-integration analysis, and the short-term correlation was analyzed using error correction model. As a result of the analysis, a statistically significant relationship was found between the lagged values of the positive error terms (ECT+) and the lagged values of the negative error terms (ECT-). When the absolute values of the calculated error terms were compared, it was determined that the absolute value of ECT- was greater than ECT+. In the analysis, it is concluded that retailers react more quickly to a shock that narrows their profit margins than to a shock that expands the margins.

Proje Numarası

0447-YL-17

Kaynakça

  • ABDULAI, A. (2000). “Spatial Price Transmission and Asymmetry in the Ghanajan Maize Market”, Journal of Development Economics, 63(2): 327-349.
  • ACHARYA, R.N. (2000). Market Power and Asymmetry in Farm- Retail Price Transmission, (No. 372-2016-19454)
  • ACOSTA, A. ve VALDÉS, A. (2014). “Vertical Price Transmission of Milk Prices: Are Small Dairy Producers Efficiently Integrated into Markets”, Agribusiness, 30(1): 56-63.
  • ALP, S. ve KARAKAŞ A. (2008). “Asimetrik Bilgi Teorisi Karşısında Hayek’in Ekonomik Yaklaşımları: Karşılaştırmalı Bir Analiz”, Liberal Düşünce Üç Aylık Dergisi, 51-52:215-230.
  • BLOMQVIST A. ve LEGER P.T. (2003). “Information Asymmetry, Insurance and the Decision to Hospitalize”, www.ntz.fas nus.edu.Org /ecs/pub /wp0305pdf, (04.05.2018).
  • BOYD, M. S. ve BRORSEN. B. W. (1988). “Price Asymmetry in the US Pork Marketing Channel”, North Central Journal of Agricultural Economics, 10:103–109.
  • BÖLÜK, G. ve KARAMAN, S. (2015).“Süt Arz Zincirinde Aksak Rekabet Koşullarının Asimetrik Hata Düzeltme Modeli İle Analizi”, Rekabet Dergisi, 16(1):3-40.
  • CAPPS, O. Jr. ve SHERWELL, P. (2005). Spatial asymmetry in farm-retail price transmission associated with fluid milk products (No. 378-2016-21279).
  • COOK, S. ve HOLLY, S. (2002). “Threshol Specification for Asymmetric Error Correction Models”, Applied Economics Letter, 9(11):711-713.
  • COOK, S. (2003). “A sensitivity Analysis of Threshold Determination for Asymmetric Error Correction Models”, Applied Ecnomics Letters, 10(10):611-616.
  • COWEN, T. ve CRAMPTON, E. (2002). Market Failure or Success, The New Debate, USA.
  • CRAMON-TAUBADEL S. V. (1998). “Estimating Asymmetric Price Transmission with the Error Correction representation: An Application to the German Pork Market” , European Review of Agricultural Economics, 25(1):1-18.
  • ÇETİNKAYA, Ş. (2012). “Asimetrik Bilginin Piyasalara Etkileri ve Finansal Krizlerdeki Rolü”, Sakarya İktisat Dergisi, 1(2):46-63.
  • ENDER, W. ve GRANGER, C.W.J. (1998). “Unit Root Test and Asymmetric Adjustments With An Example Using the Term Sturcture of Interest Rates”, Journal of Business of and Ecconomic Statistics, 16(3):304-311.
  • ENDERS, W. ve Siklos, P.L. (2001). “Cointegration and Threshold Adjustment”, Journal of Business & Economic Statistics, 19:166–176.
  • ENGLE, R. F. ve GRANGER, C.W.J. (1987). “Co-Integration and Error Correction: Representation, Estimation, and Testing”, Econometrica: Journal of the Econometric Society, 55:251–276.
  • FAOSTAT, (2021). http://www.fao.org/faostat/en/#data/QL, (10.11.2020).
  • GIRANPUNTHONG, N., VAN SICKLE J.J. ve RENWICK A. (2003). “Price Asymmetry in the United States Fresh Tomato Market”, Journal of Food Distribution Research, 34(3):51-59.
  • GOODWIN, B. K. ve HOLT, M. T. (1999). “Price Transmission and Asymmetric Adjustment in the U.s. Beef Sector”, American Journal Of Agricultural Economics, 81:630-637.
  • GRANGER, C.W.J. ve LEE, T. H. (1989). “Investigation of Production, Sales and Inventory Relationships Using Multicointegration and Non- Symmetric Error Correction Models”, Journal of Applied Econometrics, 4:135-159.
  • HOUCK, J. P. (1977). “An Approach to Specifying and Estimating Nonreversible Functions”, American Journal of Agricultural Economics, 59(3):570-572.
  • KAABIA, M.B. ve GIL, J.M. (2007). “Asymmetric Price Transmission in the Spanish Lamb Sector”, Eurropean Review of Agricultural Economics, 34(1):53-80.
  • LUOMA, A., LUOTO, J. ve TAIPALE, M. (2004). Threshold cointegration and asymmetric price transmission in Finnish beef and pork markets. Helsinki: Pellervo Economic Research Institute.
  • MEYER, J. ve VON CRAMON –TAUBADEL S. (2004). “Asymmetric Price Transmission: A Survey”, Journal of Agricultural Economics, 55(3): 581-611.
  • ÖZER O.O. (2011). “Koyun Eti Fiyatının Asimetrik Fiyat Geçirgenliği ile Analizi: Türkiye Örneği”, Tarım Ekonomisi Dergisi; 17(2):55-63
  • POPOVICS, P.A. ve TOTH, J. (2005). Analysis of price transmission and the asymmetric effect of prices in the Hungarian dairy sector. In IAMO–Forum 2005, How effective is the invisible hand? Agricultural and Food Markets in Central and Eastern Europe (pp. 16-18).
  • REZITI, I., ve Y. PANAGOPOULOS. (2008). “Asymmetric Price Transmission in the Greek Agri-Food Sector: Some Tests”, Agribusiness, 24:16–30.
  • TEKGÜÇ, H., (2010). Three essays on the Political Economy of Livestock Sector in Turkey, Open Access Dissertations Paper, No: 232.
  • TSAY, R. S. (1989). “Testing and Modelling Threshold Autoregressive Processes”, Journal of the American Statistical Association, 84(405):231-240.
  • TÜİK (2021a). Bölgesel istatistikler, Hayvansal Ürünler, https://biruni.tuik.gov.tr/bolgeselistatistik/tabloOlustur.do#, (06.10.2021).
  • TÜİK (2021b). Bölgesel istatistikler, Canlı Hayvanlar, https://biruni.tuik.gov.tr/bolgeselistatistik/tabloOlustur.do#, (06.10.2021).
  • TÜİK (2021b). Bölgesel İstatistikler, Süt verimliliği, https://biruni.tuik.gov.tr/bolgeselistatistik/degiskenlerUzerindenSorgula.do, (06.10.2021).
  • TWEETEN, L.G. ve QUANCE, C. L. (1969). “Positivistic Measures of Aggregate Supply Elasticities: Some New Approaches”, The American Economic Review, 59:175–183.
  • ULUSAL SÜT KONSEYİ (2020). “Dünya ve Türkiye’de Süt Sektör İstatistikleri”, Süt Raporu, Ankara.
  • VON CRAMON-TAUBADEL, S. ve LOY J.P. (1996). “Price Asymmetry in the International Wheat Market: Comment”, Can. J. Agric. Econ. 44:311-317.
  • VON CRAMON-TAUBADEL, S. (1998). “Estimating Asymmetric Price Transmission with the Error Correction Representation: An Application to the German Pork Market”, European Review of Agricultural Economics, 25:1–18.
  • VON CRAMON-TAUBADEL, S.V. ve FAHLBUSCH, S. (1994). Identifying Asymmetric Price Transmission with Error Correction Models Poster Session. In EAAE European Seminar in Reading.
  • WARD, R. W. (1982). “Asymmetry in Retail, Wholesale and Shipping Point Pricing for Fresh Vegetables”, American Journal of Agricultural Economics, 64(2):205-212.
  • WOLLFRAM, R. (1971). “Positivistic Measures of Aggregate Spply Elasticities-Some New Approaches- Some Critial Notes”, American Journal of Economics, 53(2):356-359.
  • YAY, T., YAY, G. G. ve YILMAZ, E. (2001). Küreselleşme Sürecinde Finansal Krizler ve Finansal Düzenlemeler, İstanbul Ticaret Odası, İstanbul.
Toplam 40 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Ekonomi
Bölüm Makaleler
Yazarlar

Melisa Taylan Bu kişi benim

Kübra Önder 0000-0003-3537-3635

Proje Numarası 0447-YL-17
Yayımlanma Tarihi 29 Aralık 2021
Yayımlandığı Sayı Yıl 2021 Cilt: 5 Sayı: 5

Kaynak Göster

APA Taylan, M., & Önder, K. (2021). BURDUR İLİ SÜT PİYASASINDA ASİMETRİK FİYAT DAVRANIŞI. G.Ü. İslahiye İİBF Uluslararası E-Dergi, 5(5), 88-99.