000021934 001__ 21934
000021934 005__ 20180122202146.0
000021934 037__ $$a376-2016-20235
000021934 041__ $$aen
000021934 245__ $$aMARKET INTEGRATION TEST FOR PACIFIC EGG MARKETS
000021934 260__ $$c2003
000021934 269__ $$a2003
000021934 270__ $$mliu2@wsunix.wsu.edu$$pLiu,   Qinghua
000021934 270__ $$mwanghong@wsu.edu$$pWang,   H. Holly
000021934 300__ $$a19
000021934 336__ $$aConference Paper/ Presentation
000021934 446__ $$aEnglish
000021934 490__ $$aSelected Paper
000021934 520__ $$aThis paper uses of Johansen's multivariate cointegration test to test for egg market integration of six Pacific states, Washington, Idaho, Oregon, California, Nevada, and Arizona.  We conclude that eggs from these states substitute for each other to some degree, and arbitrage possibilities through trade bind the egg prices. In addition, the Law of One Price (LOP), the case of perfect integration, is examined by testing the linear combination of cointegration vectors.  Test results show that the LOP is not satisfied even though the egg markets in the six Pacific states are highly integrated.  Arizona egg prices, California egg prices, and Washington egg prices play dominant roles on the Pacific egg market in the long run.
000021934 650__ $$aDemand and Price Analysis
000021934 650__ $$aLivestock Production/Industries
000021934 700__ $$aLiu, Qinghua
000021934 700__ $$aWang, H. Holly
000021934 8564_ $$s224579$$uhttp://ageconsearch.umn.edu/record/21934/files/sp03li06.pdf
000021934 887__ $$ahttp://purl.umn.edu/21934
000021934 909CO $$ooai:ageconsearch.umn.edu:21934$$pGLOBAL_SET
000021934 912__ $$nMade available in DSpace on 2007-03-07T21:28:48Z (GMT). No. of bitstreams: 1
sp03li06.pdf: 224579 bytes, checksum: 9503d5fe7b2d7f59a588ac185f73b6a9 (MD5)
  Previous issue date: 2003
000021934 982__ $$gAmerican Agricultural Economics Association>2003 Annual meeting, July 27-30, Montreal, Canada
000021934 980__ $$a376