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Tradability And Market Equilibrium For U.S.-Mexico Fresh Tomatoes

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Author Info
Padilla-Bernal, Luz
Thilmany, Dawn
Loureiro, Maria

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Abstract

Tomato trade between the U.S. and Mexico has grown significantly during the past decade. This increased trade, together with major structural changes in US produce marketing channels, has increased the complexity of conducting analysis of market integration and equilibrium. This study implements an Extended Parity Bounds Model (EPBM), following the work of Barrett and Li, to examine fresh tomato trade relationships between major shipping points and terminal markets for Mexican imported and Florida and California tomatoes. Findings suggest that, although markets seem relatively integrated and efficient, there exist some potential for claims of inefficient or overly competitive behavior. As is expected, the more complex the marketing channels between producer and wholesaler (distance or international boundaries), the more likely that markets operate suboptimally.

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Publisher Info
Paper provided by Western Agricultural Economics Association in its series 2001 Annual Meeting, July 8-11, 2001, Logan, Utah with number 36142.

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Date of creation: 2001
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Handle: RePEc:ags:waealo:36142

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Keywords: International Relations/Trade;

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References listed on IDEAS
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.:
  1. Officer, Lawrence H., 1986. "The law of one price cannot be rejected: Two tests based on the tradable/nontradable price ratio," Journal of Macroeconomics, Elsevier, vol. 8(2), pages 159-182. [Downloadable!] (restricted)
  2. Calvin, Linda & Cook, Roberta & Denbaly, Mark & Dimitri, Carolyn & Glaser, Lewrene & Handy, Charles & Jekanowski, Mark & Kaufman, Phil & Krissoff, Barry & Thompson, Gary & Thornsbury, Suzanne, 2001. "U.S. Fresh Fruit and Vegetable Marketing: Emerging Trade Practices, Trends, and Issues," Agricultural Economics Reports 33915, United States Department of Agriculture, Economic Research Service. [Downloadable!]
  3. Spiller, Pablo T & Huang, Cliff J, 1986. "On the Extent of the Market: Wholesale Gasoline in the Northeastern United States," Journal of Industrial Economics, Blackwell Publishing, vol. 35(2), pages 131-45, December. [Downloadable!] (restricted)
  4. Spiller, Pablo T. & Wood, Robert O., 1988. "The estimation of transaction costs in arbitrage models," Journal of Econometrics, Elsevier, vol. 39(3), pages 309-326, November. [Downloadable!] (restricted)
  5. Padilla-Bernal, Luz & Thilmany, Dawn, 2000. "Mexican-U.S. Fresh Tomato Trade: An Analysis Of Volume, Prices And Transaction Costs," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36445, Western Agricultural Economics Association. [Downloadable!]
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  1. Padilla-Bernal, Luz E. & Thilmany, Dawn, 2003. "Price Relationships Among North American Fresh Tomato Markets: A Comparison Between Mexican And U.S. Markets," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 5(03). [Downloadable!]
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This page was last updated on 2009-12-26.


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