文章基本信息

标题：SPATIAL MARKET INTEGRATION IN REGIONAL CATTLE MARKETS
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作者：Pendell, Dustin L. ; Schroeder, Ted C.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2004
期号：SUPPL
出版社：Food Distribution Research Society
摘要：Geographic markets are extremely important to agriculture because agricultural products are bulky and/or perishable and production and consumption areas are separated. This study investigates how mandatory price reporting has influenced the degree of spatial market integration between U.S. regional fed cattle markets. Results indicate the market prices across the regional cattle markets are cointegrated. In addition, the amount of time it took for one market to react to the other markets change in price varied across the three time periods used in this study. This suggests mandatory price reporting has not substantially increased market integration.