Spatial Price Linkages and Imperfect Competition in Regional Cattle Markets
AbstractThis paper analyzes non-competitive market conduct in the U.S. cattle procurement markets. Rather than relying on estimation of conduct parameters or measures of market concentration the analysis is based on the dynamics of price adjustment across regional markets. A VAR model is estimated using a multiple co-integration technique as a test for spatial market integration. The results are then related with hypotheses about pricing conduct in spatial markets.
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Bibliographic InfoPaper provided by Department of Economics - dECON in its series Documentos de Trabajo (working papers) with number 0401.
Length: 24 pages
Date of creation: Dec 2001
Date of revision:
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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.:
- Benson, Bruce L, 1980. "Loschian Competition under Alternative Demand Conditions," American Economic Review, American Economic Association, vol. 70(5), pages 1098-1105, December.
- Param Silvapulle & Sisira Jayasuriya, 1994. "Testing For Philippines Rice Market Integration: A Multiple Cointegration Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 45(3), pages 369-380.
- Pendell, Dustin L. & Schroeder, Ted C., 2004. "Spatial Market Integration In Regional Cattle Markets," 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii 36265, Western Agricultural Economics Association.
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