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Spatial Price Linkages and Imperfect Competition in Regional Cattle Markets

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Author Info
Alejandro Nin

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Abstract

This 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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File URL: http://decon.edu.uy/publica/2001/Doc0401.pdf
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Publisher Info
Paper provided by Department of Economics - dECON in its series Documentos de Trabajo (working papers) with number 0401.

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Length: 24 pages
Date of creation: Dec 2001
Date of revision:
Handle: RePEc:ude:wpaper:0401

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  1. Benson, Bruce L, 1980. "Loschian Competition under Alternative Demand Conditions," American Economic Review, American Economic Association, vol. 70(5), pages 1098-1105, December. [Downloadable!] (restricted)
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This page was last updated on 2010-1-6.

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