Table 2 Results from copula parameter estimation for different pairs of pork cuts
From: Price asymmetry between different pork cuts in the USA: a copula approach
Pork cuts | Selected | Parameters | Kendall’s τ | λ L | λ U |
|---|---|---|---|---|---|
(chops) pairs | Copula | Â | Â | Â | Â |
Bone in/boneless | Student - t | \(\hat {\theta _{1}}\) = 0.262*** | 0.169*** | 0.007 | 0.007 |
| Â | Â | (0.077) | (0.051) | (0.033) | (0.033) |
| Â | Â | \(\hat {\theta _{2}}\) = 14.967*** | Â | Â | Â |
| Â | Â | (4.457) | Â | Â | Â |
Bone in/other | Frank | \(\hat {\theta }\) = 6.185*** | 0.523*** | 0 | 0 |
| Â | Â | (0.639) | (0.031) | - | - |
Boneless/other | Frank | \(\hat {\theta }\) = 4.767*** | 0.441*** | 0 | 0 |
| Â | Â | (0.615) | (0.040) | - | - |