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High-Dimensional Spatial-Plus-Vertical Price Relationships and Price Transmission: A Machine Learning Approach
Mindy L. Mallory, Rundong Peng, Meilin Ma, H. Holly Wang
https://arxiv.org/abs/2506.13967

High-Dimensional Spatial-Plus-Vertical Price Relationships and Price Transmission: A Machine Learning Approach
Price transmission has been studied extensively in agricultural economics through the lens of spatial and vertical price relationships. Classical time series econometric techniques suffer from the "curse of dimensionality" and are applied almost exclusively to small sets of price series, either prices of one commodity in a few regions or prices of a few commodities in one region. However, an agrifood supply chain usually contains several commodities (e.g., cattle and beef) and spans numerous re…