Agricultural commodities are typically produced over an extensive spatial area and are
costly to transport relative to their total value. These characteristics yield a complex set of …

A fundamental issue when analysing trade policy reform in global agricultural markets is the
extent to which domestic agricultural commodity markets in develo** countries respond to …

A large body of research has evaluated price linkages in spatially separate markets. Much
recent research has applied models appropriate for nonstationary data. Such analyses have …

This article introduces a new spatial price analysis methodology based on maximum
likelihood estimation of a mixture distribution model incorporating price, transfer cost, and …

We review recent developments in the analysis of price transmission in agricultural markets.
Markets may be separated in time, form, and space (as well as in combinations of such …

This paper critiques the methods used to investigate integration and efficiency in
international markets. Integration is best reflected by flow‐based indicators of tradability …

This paper examines the degree to which world price signals have been transmitted into
domestic prices for eight countries and ten commodities, a total of 31 country/commodity …

Nonlinear adjustment toward long‐run price equilibrium relationships in the sugar‐ethanol‐
oil nexus in Brazil is examined. We develop generalized bivariate error correction models …

The extent, pattern, and degree of integration are analyzed in a multivariate system with
cointegrating restrictions. The extent of the market is found by identifying locations that are …

The main objective of this paper is to examine whether the staple food markets in Africa are
efficient. It does so by outlining a conceptual framework for understanding spatial food price …