文章基本信息

标题：A NECESSARY CONDITION FOR MARKET INTEGRATION TESTS: THE CASES OF THE U.S. BROILER INDUSTRY
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作者：Goodwin, Harold L., Jr. ; Djunaidi, Harjanto
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2000
期号：SUPPL
出版社：Food Distribution Research Society
摘要：Most studies on price relationships in spatial markets assume that perfect information is a publicgood. However, during the last two decades, the food industry in the U.S. has experienced adramatic structural change, as have the structures of commodity markets; this is especially thecase in the broiler industry. Tests for the presence of market integration are conducted within theframework of Neo-classical theory of the firm. Grower costs and transportation in five southernU.S. broiler states (AL, AR, GA, MS, NC) are considered in deriving necessary conditions beforeany conclusion on market integration is reached. Using both parametric and nonparametric tests,this study found that all price pairs have a long-run price relationship and markets are thereforeintegrated.