Evaluating the integration of contiguous discontinuous markets

Roger A. Dahlgran, Steven C. Blank

Research output: Contribution to journalArticle

20 Scopus citations

Abstract

This paper applies the concepts of structural models of markets, market integration, and market discontinuity to show that discontinuous markets alter the integration characteristics of continuous markets. When analyzing systems of contiguous markets, some of which are discontinuous, it appears that the continuous markets are less well integrated when the discontinuous markets are operating than when they are not operating.

Original languageEnglish (US)
Pages (from-to)469-479
Number of pages11
JournalAmerican Journal of Agricultural Economics
Volume74
Issue number2
DOIs
StatePublished - May 1992

Keywords

  • Alfalfa hay
  • Continuous markets
  • Discontinuous markets
  • Integration tests
  • Spatial market integration

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

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