The identification of market exogeneity and market dominance by tests instead of assumption: An application to Indian material
AbstractIt is normally the case in research on market price to identify the central market either by looking at population data, the volume and directions of flows of commodities, and by identifying nodes on transport networks or by spotting it as the physical centre of regulatory intervention. This however may not be the most safe way to proceed if the geographical flows of a commodity among the domestic markets do not provide strong evidence about the spatial direction of price causation. In the present paper the central market is defined in terms of dominance and exogeneity and a series of tests are provided to help to define and distinguish an exogeneous and dominant (central) market among the marketplace price series. The tests are applied to three crop markets and to three market places in India. The results strongly suggest that it is possible to identify the central market by testing instead of simply by making a more or less empirically justified assumption.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.
Volume (Year): 8 (1996)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www3.interscience.wiley.com/journal/5102/home
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Heytens, Paul J., 1986. "Testing Market Integration," Food Research Institute Studies, Stanford University, Food Research Institute, Stanford University, Food Research Institute, issue 01.
- Timmer, C. Peter, 1974. "A Model of Rice Marketing Margins in Indonesia," Food Research Institute Studies, Stanford University, Food Research Institute, Stanford University, Food Research Institute, issue 02.
- Reardon, Thomas & Minten, Bart, 2011. "The quiet revolution in India's food supply chains:," IFPRI discussion papers, International Food Policy Research Institute (IFPRI) 1115, International Food Policy Research Institute (IFPRI).
- P. J. Dawson & P. K. Dey, 2002. "Testing for the law of one price: rice market integration in Bangladesh," Journal of International Development, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 14(4), pages 473-484.
- Minten, Bart & Vandeplas, Anneleen & Swinnen, Johan F.M., 2011. "The broken broker system?: Transacting on agricultural wholesale markets in India (Uttarakhand)," IFPRI discussion papers, International Food Policy Research Institute (IFPRI) 1143, International Food Policy Research Institute (IFPRI).
- T. B. Palaskas & Barbara Harriss-White & Trevor Crowe, 1997. "POLICY ARENA The evolution of local market commodity price behaviour in South India, 1972-92," Journal of International Development, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 9(1), pages 101-115.
- Minten, Bart & Reardon, Thomas & Vandeplas, Anneleen, 2009. "Linking urban consumers and rural farmers in India: A comparison of traditional and modern food supply chains," IFPRI discussion papers, International Food Policy Research Institute (IFPRI) 883, International Food Policy Research Institute (IFPRI).
- Bart Minten & Anneleen Vandeplas & Johan F.M.Swinnen, 2011.
"Regulations, brokers, and interlinkages: The institutional organization of wholesale markets in India,"
LICOS Discussion Papers, LICOS - Centre for Institutions and Economic Performance, KU Leuven
28811, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
- Bart Minten & Anneleen Vandeplas & Johan Swinnen, 2011. "Regulations, Brokers, and Interlinkages: The Institutional Organization of Wholesale Markets in India," Journal of Development Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 48(7), pages 864-886, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.