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Tracking The Price of Almonds in Spain1

Author

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  • Francisco Martínez-Sánchez

Abstract

I look for signs of manipulation of the price of almonds in the markets of Albacete, Murcia, and Reus in Spain. To that end, I use Benford’s Law to analyze the distribution of the second and third digits of the price of almonds. I find that prices in the Albacete and Reus markets deviate from Benford’s Law, especially for the third digit, and those in the Murcia market deviate from Benford’s Law for the second digit but not for the third digit. I therefore find signs that the price of almonds in the Spain’s main markets is being manipulated.

Suggested Citation

  • Francisco Martínez-Sánchez, 2021. "Tracking The Price of Almonds in Spain1," Journal of Competition Law and Economics, Oxford University Press, vol. 17(3), pages 750-763.
    • Handle: RePEc:oup:jcomle:v:17:y:2021:i:3:p:750-763.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhab002
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