Recent global food price developments have spurred renewed interest in analyzing integration of local markets to global markets. A popular approach to quantify market integration is cointegration analysis. However, local market price data often has missing values, outliers, or short and...

In this paper I use farm-level data from the Quebec dairy industry to estimate the relationship between productivity and participation in the Commercial Export Milk (CEM) program (2000-2003). Under the CEM program farmers could sell milk without production quota and faced a farm price that was...