IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2507.21950.html
   My bibliography  Save this paper

Regional Price Dynamics and Market Integration in the U.S. Beef Industry: An Econometric Analysis

Author

Listed:
  • Leonardo Manr'iquez-M'endez

Abstract

The United States, a leading global producer and consumer of beef, continues to face substantial challenges in achieving price harmonization across its regional markets. This paper evaluates the validity of the Law of One Price (LOP) in the U.S. beef industry and investigates causal relationships among regional price dynamics. Through a series of econometric tests, we establish that regional price series are integrated of order one, displaying non-stationarity in levels and stationarity in first differences. The analysis reveals partial LOP compliance in the Northeast and West, while full convergence remains elusive at the national level. Although no region demonstrates persistent price leadership, Southern prices appear particularly sensitive to exogenous shocks. These findings reflect asymmetrical integration across U.S. beef markets and suggest the presence of structural frictions that hinder complete market unification.

Suggested Citation

  • Leonardo Manr'iquez-M'endez, 2025. "Regional Price Dynamics and Market Integration in the U.S. Beef Industry: An Econometric Analysis," Papers 2507.21950, arXiv.org.
    • Handle: RePEc:arx:papers:2507.21950
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2507.21950
    File Function: Latest version
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2507.21950. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.