TY  - JOUR
T1  - The Margin Risk and Price Effects in the Turkish Milk Market
AU - , Halil Fidan AU - , Mehmet Arif ahinli 
JO  - Journal of Animal and Veterinary Advances
VL  - 7
IS  - 11
SP  - 1374
EP  - 1382
PY  - 2008
DA  - 2001/08/19
SN  - 1680-5593
DO  - javaa.2008.1374.1382
UR  - https://makhillpublications.co/view-article.php?doi=javaa.2008.1374.1382
KW  - Marketing margin
KW  -milk prices
KW  -GARCH-M model
KW  -volatility
AB  - An evolution of the margin risks was performed using the relationship between excess price yield, prices of margin and conditional volatility. The analysis was performed with GARCH-M model using 21 years of monthly sale price data. The model parameters were estimated using a maximum likelihood function. The sample period ranged from January 1986 to March 2007. A recursive estimation model was used to obtain a temporary evolution of coefficients in a remuneration scheme for risk (CRR). The results revealed the sensitivity of risk-based cost pricing to retail prices (margin).
ER  -