We study British commodity markets and the extent to which prices in these markets were integrated in the short-run and converged in the long-run. Our historical data is new. It consists of five price indices for identically described goods - iron products, wood products, processed foods, red...

We study British commodity markets and the extent to which prices in these markets were integrated in the short-run and converged in the long-run. Our historical data is new. It consists of five price indices for identically described goods - iron products, wood products, processed foods, red...