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Provedor de dados:  AgEcon
País:  United States
Título:  Spatial Price Dynamics in U.S. Regional Broiler Markets
Autores:  Awokuse, Titus O.
Bernard, John C.
Data:  2008-05-07
Ano:  2007
Palavras-chave:  Broiler prices
Market integration
Livestock Production/Industries
Resumo:  The U.S. broiler industry is highly vertically integrated and increasingly concentrated in the number of firms and production areas. These structural elements could have implications for performance and the functioning of the law of one price (LOP) across regions. This article investigates this using data on four regional markets. Cointegration results indicate that regional prices are spatially linked in the long run, but pairwise cointegration was not found, suggesting that the LOP does not hold. Causality tests confirm the relative importance of price shocks from the South. This finding is reflective of price coordination by firms with production in multiple regions.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  29904
Relação:  Journal of Agricultural and Applied Economics>Volume 39, Number 03, December 2007
Formato:  10

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