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Evaluating the Integration of Contiguous Discontinuous Markets

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  • Roger A. Dahlgran
  • Steven C. Blank

Abstract

This paper applies the concepts of structural models of markets, market integration, and market discontinuity to show that discontinuous markets alter the integration characteristics of continuous markets. When analyzing systems of contiguous markets, some of which are discontinuous, it appears that the continuous markets are less well integrated when the discontinuous markets are operating than when they are not operating.

Suggested Citation

  • Roger A. Dahlgran & Steven C. Blank, 1992. "Evaluating the Integration of Contiguous Discontinuous Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(2), pages 469-479.
    • Handle: RePEc:oup:ajagec:v:74:y:1992:i:2:p:469-479.
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    File URL: http://hdl.handle.net/10.2307/1242501
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    Cited by:

    1. Basu, Jyotish Prakash, 2006. "Cointegration and Market Integration: An Application to the Potato Markets in Rural West Bengal, India," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25705, International Association of Agricultural Economists.
    2. Muhammad Sarwar Zahid & Abdul Qayyum & Wasim Shahid Malik, 2007. "Dynamics of Wheat Market Integration in Northern Punjab, Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 817-830.
    3. Barrett, Christopher B. & Li, Jau-Rong & Bailey, DeeVon, 2000. "Factor And Product Market Tradability And Equilibrium In Pacific Rim Pork Industries," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(1), pages 1-20, July.
    4. Dahlgran, Roger A., 2000. "An Examination Of Futures Price Determination Through The Lens Of Market Integration," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36334, Western Agricultural Economics Association.
    5. Mishra, Rojani & Kumar, Anil, 2011. "The Spatial Integration of Vegetable Markets in Nepal," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 8(2), pages 1-14, December.
    6. Li, Jau-Rong & Barrett, Christopher B., 1999. "Distinguishing Between Equilibrium And Integration In Markets Analysis," Working Papers 14607, International Agricultural Trade Research Consortium.

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