Assessment of Maize and Soybean Pricing

Prices of maize and soybean fluctuated significantly at both producer and consumer levels in Indonesia. This study aims to analyze the pricing of maize and soybean at the consumer level by employing the vector error correction model and to analyze the market behavior in determining consumer prices b...

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Autores principales:	Muhammad Firdaus, Fuza, Hastuti, Dea Amanda
Formato:	article
Lenguaje:	EN ID
Publicado:	Bogor Agricultural University 2020
Materias:	Agriculture (General) S1-972 Business HF5001-6182
Acceso en línea:	https://doaj.org/article/9437a213d3cc45cca9a9371f53872d90
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spelling	oai:doaj.org-article:9437a213d3cc45cca9a9371f53872d902021-11-04T04:20:00ZAssessment of Maize and Soybean Pricing1693-58532407-252410.17358/jma.17.2.153https://doaj.org/article/9437a213d3cc45cca9a9371f53872d902020-07-01T00:00:00Zhttps://jurnal.ipb.ac.id/index.php/jmagr/article/view/31639https://doaj.org/toc/1693-5853https://doaj.org/toc/2407-2524Prices of maize and soybean fluctuated significantly at both producer and consumer levels in Indonesia. This study aims to analyze the pricing of maize and soybean at the consumer level by employing the vector error correction model and to analyze the market behavior in determining consumer prices by using the game theory. The results show that maize prices at the consumer level are positively influenced by producer price, wholesale price, as well as gasoline price shocks and are also negatively affected by supply shocks. Soybean prices at the consumer level are negatively influenced by producer price shocks and are positively affected by wholesale price shocks. Shocks in terms of supply result in the fluctuating prices received by the consumers. It is due to the dominant pricing strategy, which is through collusion performed by the maize and soybean retailers. Some market efficiencies are encouraged to reach more stabilized prices. Keywords: game theory, maize, soybean, market efficiencyMuhammad FirdausFuzaHastutiDea AmandaBogor Agricultural UniversityarticleAgriculture (General)S1-972BusinessHF5001-6182ENIDJurnal Manajemen & Agribisnis, Vol 17, Iss 2, Pp 153-153 (2020)
institution	DOAJ
collection	DOAJ
language	EN ID
topic	Agriculture (General) S1-972 Business HF5001-6182
spellingShingle	Agriculture (General) S1-972 Business HF5001-6182 Muhammad Firdaus Fuza Hastuti Dea Amanda Assessment of Maize and Soybean Pricing
description	Prices of maize and soybean fluctuated significantly at both producer and consumer levels in Indonesia. This study aims to analyze the pricing of maize and soybean at the consumer level by employing the vector error correction model and to analyze the market behavior in determining consumer prices by using the game theory. The results show that maize prices at the consumer level are positively influenced by producer price, wholesale price, as well as gasoline price shocks and are also negatively affected by supply shocks. Soybean prices at the consumer level are negatively influenced by producer price shocks and are positively affected by wholesale price shocks. Shocks in terms of supply result in the fluctuating prices received by the consumers. It is due to the dominant pricing strategy, which is through collusion performed by the maize and soybean retailers. Some market efficiencies are encouraged to reach more stabilized prices. Keywords: game theory, maize, soybean, market efficiency
format	article
author	Muhammad Firdaus Fuza Hastuti Dea Amanda
author_facet	Muhammad Firdaus Fuza Hastuti Dea Amanda
author_sort	Muhammad Firdaus
title	Assessment of Maize and Soybean Pricing
title_short	Assessment of Maize and Soybean Pricing
title_full	Assessment of Maize and Soybean Pricing
title_fullStr	Assessment of Maize and Soybean Pricing
title_full_unstemmed	Assessment of Maize and Soybean Pricing
title_sort	assessment of maize and soybean pricing
publisher	Bogor Agricultural University
publishDate	2020
url	https://doaj.org/article/9437a213d3cc45cca9a9371f53872d90
work_keys_str_mv	AT muhammadfirdaus assessmentofmaizeandsoybeanpricing AT fuza assessmentofmaizeandsoybeanpricing AT hastuti assessmentofmaizeandsoybeanpricing AT deaamanda assessmentofmaizeandsoybeanpricing
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Assessment of Maize and Soybean Pricing

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