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Spatial price analysis

In: Handbook of Agricultural Economics

Author

Listed:
  • Fackler, Paul L.
  • Goodwin, Barry K.

Abstract

Agricultural commodities are typically produced over an extensive spatial area and are costly to transport relative to their total value. These characteristics yield a complex set of spatial price linkages which are often studied to gain insights into the performance of markets. An extensive literature has addressed a wide range of issues relating to spatial price linkages. Issues relate to market conduct and performance, regional and international trade relationships, efficiency, and developing economy market performance. This chapter reviews issues related to economic and empirical models of spatial price linkages. The relative weaknesses and merits of each approach are identified.

Suggested Citation

  • Fackler, Paul L. & Goodwin, Barry K., 2001. "Spatial price analysis," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 17, pages 971-1024, Elsevier.
    • Handle: RePEc:eee:hagchp:2-17
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    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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