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Title: Changes in Price Behavior in the U.S. Catfish Industry: Evidence Using Cointegration
Authors: Hudson, Darren
Keywords: Catfish
Price behavior
Vertically related markets
Issue Date: 1998
Abstract: The implications of market development in the catfish industry on catfish price behavior are explored using cointegration. It is hypothesized that market development, through increases in competition between processors and shifts in consumer preferences toward fish, has caused changes in price behavior among levels of the catfish market. Using monthly catfish price data, a cointegration analysis of subsets of prices shows that price behavior has changed through time, with catfish prices becoming integrated as the number of processors has increased. These results may have implications for the examination of market price behavior in developing or emerging markets.
Identifiers: 0738-8950
Institution/Association: Journal of Agribusiness>Volume 16, Number 2, Fall 1998
Total Pages: 10
From Page: 141
To Page: 150
Collections:Volume 16, Number 2, Fall 1998

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