Kinnucan, Henry W.; Tadjion, Omer - In: Agribusiness 30 (2014) 3, pp. 278-289
ABSTRACT Zero restrictions implied by Gardner's (<link href="#agr21362-bib-0011"/>) model are exploited to develop a simple test for perfect price transmission. Applying the test to the domestic marketing channels for U.S. beef and pork, we reject the hypothesis of competitive market clearing for pork, but not for beef. A...