| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Market Integration: Case Studies of Structural Change
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| Autores: |
Franken, Jason R.V.
Parcell, Joseph L.
Sykuta, Michael E.
Fulcher, Christopher L.
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| Data: |
2007-06-27
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| Ano: |
2005
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| Palavras-chave: |
Consolidation
Structural change
Price integration
Agribusiness
Industrial Organization
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| Resumo: |
The grain/oilseed industry is undergoing considerable structural change through mergers and new value-added businesses, which raises price-related questions. We analyze the level of price integration prior to and following a merger between two grain firms and the start-up of a producer-owned ethanol facility. This research utilizes error correction vector autoregression analysis to compute market integration structural change effects. We find evidence that market integration initially increases with the merger, but deteriorates with time following the merger. We find no significant localized change in the level of price integration for the case of a new value-added business.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
26754
http://purl.umn.edu/10243
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| Editor: |
AgEcon Search
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| Relação: |
Agricultural and Resource Economics Review>Volume 34, Number 2, October 2005
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| Formato: |
10
application/pdf
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