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Abstract
This article addresses the dynamic impact of the 2005 H5N1 avian influenza outbreak on
the Turkish poultry sector. Contemporary time-series analyses with historical decomposition
graphs are used to address differences in monthly price adjustments between market
levels along the Turkish poultry supply channel. The empirical results show that price
adjustments are asymmetric with respect to both speed and magnitude along the marketing
channel. Results also reveal a differential impact of the exogenous shock on producers and
retailers. The findings have critical efficiency and equity implications for the supply-chain
participants.