The degree of competition and level of price transmission in food markets have important effects on the welfare level of consumers and producers. Thus, substantial attention has been paid to the analysis of price transmission in food markets. Traditionally, price transmission analyses have...

The present dissertationis devoted to the issue of price discovery in agricultural markets. Price discovery is considered one of the central functions of financial markets and is usually analyzed empirically for highly homogeneous assets traded on these markets. We investigate whether this...

The Common Agricultural Policy (CAP) shapes the agri-food sector of the European Union (EU) by mainly regulating the distribution of financial support to agricultural producers. Based on the Treaty of Rome (1957), one of the CAP's objectives is to "ensure a fair living standard for farm-ers" by...

Previous studies employing error correction models (ECMs) that include threshold effects in long-run equilibrium relationships (threshold cointegration) as well as in error correction (threshold autoregression; threshold ECMs; non-parametric ECMs; Markov-switching ECMs; and other forms of ECM...