From: Vertical price transmission in Swiss dairy and cheese value chains
Item | p1 estimate (E_gru) | p2 estimate (P_gru) |
---|---|---|
(Intercept) | 0.00 | 0.01 |
Δp1_l1.pos | − 0.03 | − 0.26 |
Δp1_l1.neg | 0.05 | 0.35* |
Δp2_l1.pos | − 0.16* | − 0.35*** |
Δp2_l1.neg | 0.04 | − 0.31** |
α+ | − 0.17*** | 0.06 |
α− | 0.03 | 0.12** |
α+ = α− (H03 and H04) | 16.26*** | 0.60 |
Cumulative Δp1+ = cumulative Δp1− (H05) | 0.12 | 3.86* |
Cumulative Δp2+ = cumulative Δp2− (H06) | 1.28 | 0.02 |
Adj. R2 | 0.11 | 0.15 |