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An Empirical Analysis of Market Integration and Efficiency for U.S. Fresh Tomato Markets

Luz Padilla-Bernal, Dawn D. Thilmany and Maria L. Loureiro
Journal of Agricultural and Resource Economics
Vol. 28, No. 3 (December 2003), pp. 435-450
Stable URL: http://www.jstor.org/stable/40987960
Page Count: 16
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
An Empirical Analysis of Market Integration and Efficiency for U.S. Fresh Tomato Markets
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Abstract

Fresh tomato trade between the United States and Mexico grew significantly during the 1990s. Moreover, major structural changes in U.S. produce marketing channels increase the complexity of conducting analyses to delineate the impact of liberalized trade. Following the work of Barrett, Li, and Bailey, this study implements a mixed distribution to examine spatial-price relationships between major shipping points and terminal markets for Mexican imported, and Florida and California tomatoes. Although markets are often efficiently integrated, results suggest strategic pricing and product shipments may exist and vary among terminal markets in Los Angeles, Boston, and Chicago.

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