文章基本信息

标题：SPATIAL MARKET INTEGRATION: DEFINITION, THEORY, AND EVIDENCE
本地全文：下载
作者：McNew, Kevin
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1996
页码：1-11
出版社：Food Distribution Research Society
摘要：A point-space model of interregional trade is used to define market integration and to explore its implications for modeling spatial price relationships. This analysis indicates that spatial prices are related nonlinearly, contrary to much of the work on spatial price analysis which uses linear models. As an empirical example, corn market integration along the Mississippi River is examined during the Midwest flood of 1993. Higher transport costs during this period significantly reduced the extent of integration and thereby decreased excess demand shock transference across regions.