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Market Emergence and Transition: Transaction Costs, Arbitrage, and Autarky in China’s Grain Markets

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Listed:
  • Rozelle, Scott
  • Park, Albert
  • Jin, Hehui
  • Huang, Jikun

Abstract

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Suggested Citation

  • Rozelle, Scott & Park, Albert & Jin, Hehui & Huang, Jikun, 1999. "Market Emergence and Transition: Transaction Costs, Arbitrage, and Autarky in China’s Grain Markets," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 171900, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare99:171900
    DOI: 10.22004/ag.econ.171900
    as

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    References listed on IDEAS

    as
    1. McMillan, John & Naughton, Barry, 1992. "How to Reform a Planned Economy: Lessons from China," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 8(1), pages 130-143, Spring.
    2. Richardson, J. David, 1978. "Some empirical evidence on commodity arbitrage and the law of one price," Journal of International Economics, Elsevier, vol. 8(2), pages 341-351, May.
    3. Yingyi Qian & Chenggang Xu, 1993. "Why China's economic reforms differ: the M‐form hierarchy and entry/expansion of the non‐state sector," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 1(2), pages 135-170, June.
    4. Richard J. Sexton & Catherine L. Kling & Hoy F. Carman, 1991. "Market Integration, Efficiency of Arbitrage, and Imperfect Competition: Methodology and Application to U.S. Celery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 568-580.
    5. Spiller, Pablo T & Huang, Cliff J, 1986. "On the Extent of the Market: Wholesale Gasoline in the Northeastern United States," Journal of Industrial Economics, Wiley Blackwell, vol. 35(2), pages 131-145, December.
    6. Osama J. A. R. Abu Shair, 1997. "The Role of the State in Development," Palgrave Macmillan Books, in: Privatization and Development, chapter 2, pages 13-34, Palgrave Macmillan.
    7. Spiller, Pablo T. & Wood, Robert O., 1988. "The estimation of transaction costs in arbitrage models," Journal of Econometrics, Elsevier, vol. 39(3), pages 309-326, November.
    8. Martin Ravallion, 1986. "Testing Market Integration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 102-109.
    9. Barry K. Goodwin & Thomas J. Grennes & Michael K. Wohlgenant, 1990. "A Revised Test of the Law of One Price Using Rational Price Expectations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 682-693.
    10. Bob Baulch, 1997. "Transfer Costs, Spatial Arbitrage, and Testing for Food Market Integration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 477-487.
    11. Merle D. Faminow & Bruce L. Benson, 1990. "Integration of Spatial Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(1), pages 49-62.
    12. Sachs, J.D. & Woo, W.T., 1994. "Structural Factors in the Economic Reforms of China, Eastern Europe and the Former Soviet Union," Papers 94-01, California Davis - Institute of Governmental Affairs.
    13. Albert Park & Scott Rozelle, 1998. "Reforming state‐market relations in rural China1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(2), pages 461-480, November.
    Full references (including those not matched with items on IDEAS)

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