previously used to justify such taxation and, instead, emphasize that neither explicit nor implicit markets and prices for sugar … content can be expected to emerge. Hence, in the absence of any regulation, the sugar content of sugar-sweetened beverages … (SSBs) would be inefficiently high. This market failure can be corrected by a tax on the sugar content per unit of the SSB …

We use a Supremum Augmented Dickey-Fuller test to detect price bubbles in the world's most important sugar futures …, and price variation. We explore whether sugar futures prices in ZCE, NYBOT, and LIFFE are integrative in a full sample …, we examine market integration in the sugar futures markets during explosive and unexplosive episodes. We find the impact …