Adjemian, Michael K.; Garcia, Philip; Irwin, Scott; … - Economic Research Service, Department of Agriculture - 2013
grain, this commodity price non-convergence appeared inconsistent with the law of one price. In addition, sustained non-convergence … report summarizes prominent theories that have been offered to explain non-convergence, including a new model that explains … market theory over alternative explanations. Finally, we discuss various policy levers that have been offered to address non-convergence …