An Empirical Study on the Retail Price Threshold of Pork in the Chinese Market

文献类型： 外文期刊

第一作者： Wang, Yu

作者： Wang, Yu;Xu, Shiwei;Li, Ganqiong;Zhang, Yongen;Wang, Shengwei;Yu, Wen;Zhou, Han;Zhang, Xiaoyun

作者机构：

关键词： industry chain; policy regulation; price regulation; threshold regression

期刊名称：PHILIPPINE AGRICULTURAL SCIENTIST （ 影响因子：0.4； 五年影响因子：0.4 ）

ISSN： 0031-7454

年卷期： 2024 年 107 卷 3 期

页码：

收录情况： SCI

摘要： This study aimed to identify warning thresholds that can guide sellers in achieving reasonable profits while reducing buyer payment costs. Monthly price data from January 2009 to June 2023 and the two-regime threshold regression model were used for an empirical analysis of the asymmetric effects of the changes in household consumption under different pork price fluctuation levels to verify that the changes in household consumption have significant pork price fluctuation thresholds and threshold effects. It was found that as the fluctuation of pork prices approached the threshold, the temporary price-intervention policy (e.g., reference price) effect of adjusting prices diminished. An empirical analysis was conducted from the perspective of asymmetric effects of the upstream (feed and piglets), midstream (live pigs), and downstream (pork) of price transmission. The impacts of the products in the upstream and midstream of the industry chain on pork prices declined gradually, and among the products, the impact of the prices of feeds for fattening pigs on pork prices was found to be the weakest. Thus, the price intervention policy (e.g., reference price) based on the pork price threshold suggests that strengthening the supervision of the price fluctuations of midstream products (e.g., controlling the profit margin) when the pork price fluctuation is near the threshold (8.24%) would have more significant effects on all sides.

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