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Integration and Behavior in the U.S. Winter Market for Fresh Tomatoes

Published online by Cambridge University Press:  28 April 2015

Kenrick H. Jordan  and
John J. VanSickle
Kenrick H. Jordan
Affiliation:
Food and Resource Economics Department, University of Florida
John J. VanSickle
Affiliation:
Food and Resource Economics Department, University of Florida
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Abstract

Alternative hypotheses of market integration in the U.S winter market for fresh tomatoes were evaluated using a dynamic model of spatial price adjustment. The results showed that while Florida and Mexico were integrated in the same market, a price change in one area was not instantaneously reflected in the other. Lagged effects were important with long-run integration being supported for both Florida and Mexico and short-run integration for Mexico. However, the information flow, while relatively efficient, was not symmetric. Florida was found to be dominant in the price formation process with Mexico responding to changes in the Florida price.

Keywords

Floridamarket integrationMexicopricingtomatoes

Information

Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 27 , Issue 1 , July 1995 , pp. 127 - 137
Copyright
Copyright © Southern Agricultural Economics Association 1995

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