This article presents an econometric analysis of the effects of price floors on price dynamics and price volatility in a multimarket context. We investigate the implications of a government price-support program providing a censoring mechanism to the price determination process. The analysis...

The wholesale milk markets in India are correlated with varying degrees of integration. The wholesale milk markets of Delhi, Kanpur and Chennai hold weakly exogenous relationship. This has a strong policy implication. These markets offer more stable and relatively less risky milk markets to the...