Our colleague @ErikvanderMarel contributed in a book in honour of Patrick Messerlin called "Trade in the 21st Centu… https://t.co/pm64O58HVt📢WE ARE HIRING!
We are now looking to fill in an internship position, as Research Assistant in Economic Analysis,… https://t.co/huTDXQuslORT Lucian Cernat @Lucian_Cernat: Nostalgic #tradeXpresso: 2020 had also some good memories and highlights. A great decade summarised in a few minute… https://t.co/4sA6Z7a6R6BLOG. 5G illustrates “regulatory capture”: Rather than acting on behalf of the public or national interest, authori… https://t.co/ptprB8iskJBLOG. "While the #Trump Administration alienated the Irish – along with much of the rest of the world – #Biden appe… https://t.co/Y30NniLMzQ
Vector autoregressions are used to model price transmission through the coffee processing chain, from producers to the world market and from the world market to consumers. A comparison is made of price dynamics against a backdrop of two very different market structures: pre-1989, producers exerted market power through export quotas and statecontrolled marketing channels; post-1989, government interventions are minimal, but private actors at intermediary, processing and retailing levels have become quite concentrated. Interestingly, the analysis shows that liberalisation has not improved price transmission as
significantly as expected and in some respects appears to have worsened it noticeably. One possible explanation is market power amongst private actors at intermediate levels in the processing chain.