@article{Bakucs:212042,
      recid = {212042},
      author = {Bakucs, Zoltan and Ferto, Imre and Benedeka, Zsofia and  Molnar, Adrienn},
      title = {Determinants of Horizontal Milk Producer Price  Integration},
      address = {2015},
      number = {1008-2016-79923},
      pages = {27},
      year = {2015},
      abstract = {This paper analyses the efficiency of EU internal dairy  markets between 2000 and
2014 from spatial price  integration perspective, employing a  cross-methodological
approach in three steps. First, we  analyse the spatial integration of raw milk
markets, which  is often used to test the efficiency of agricultural  markets. National
monthly raw milk price data are tested  for integration and whether the Law of One
Price (LOP)  holds. Second, we assess integration results in a binary  choice setting,
employing gravity model variables. Finally,  in order to partly overcome the often
cited drawback of  price transmission analysis (i.e. that by employing  price
variables (only), there is no connection with real  trade flows), bidirectional
network analysis models are  designed using export variables. Country specific
network  centrality measures were contrasted with the frequency of  LOP fulfilment.
Results suggest that besides the milk  volume traded, the position occupied in the
trade network  structure should be also considered when market integration  is
analysed.},
      url = {http://ageconsearch.umn.edu/record/212042},
      doi = {https://doi.org/10.22004/ag.econ.212042},
}