In recent years increasing number of contractual arrangements in food chains are observed. There areseveral reasons for this phenomenon. Improving food quality often requires significant specific investments. Givenhigh asset specificity, investors find it difficult to appropriate the returns on...

In this paper we test the retail milk price integration between two countries, Poland and Hungary. Conventional linear cointegration methods do not reveal any relationship between the two prices, therefore we apply Gonzalo and Pitakaris (2006) method to test the linear cointegration null against...

One of the most important targets ofthe Common Agricultural Policy (CAP) is to facilitatethe spatial integration of agricultural markets within theindividual member states as well as within the Community.On a spatially integrated market, price informationshould freely flow between member states....

Modern theories of sales make conflicting predictions about the temporal pattern of sales, which we test using retail chain level data. In this paper, we focus on the retail sale patterns of two retail milk prices in a New Member State (NMS), Hungary using weekly data across eight retail chain...

This article examines the impacts of monetary policy on agricultural prices in the Hungarian economy using time series analysis. The empirical results indicate that agricultural prices adjust faster to monetary shocks than industrial prices do, affecting relative agricultural prices in the short...

This paper analyses how farm access to credit affects farm input allocation and farmefficiency in the CEE countries. Drawing on a unique farm level panel data with 37,409observations and employing a matching estimator we are able to control for the keysource of endogeneity – unoberserved...

The paper seeks to quantify the effects of macro development and fiscal indicators on the agriculturalproducer support in the OECD countries during the period 1986-2009. The study is complementaryto the body of microeconomic research that highlights the importance of support toagriculture...

We analyze the current state and future requirements of an agricultural income stabilization mechanism in a transition country – namely, the crop insurance system in Kazakhstan. Three objectives will be pursued: First, factors influencing the development of the crop insurance market will be...

In order to meet with the obstacles of market saturation and the resulting cut-throat competitionin the home countries of most of the top food retailers, they use the chance to participate in theincreasing standard of living in Asia, South America and Central- and Eastern Europe. Thus,retail...

Cooperative and corporate farms have retained an important role for agricultural production in many transition countries of Central and Eastern Europe. Despite this importance, their ownership structure and particularly the ownership's effect on their investment activity vital for efficient...