Estimating policy effects on spatial market efficiency: An extension of the parity bounds model
The standard parity bounds model (PBM) is extended to allow for dynamic shifts in regime probabilities in response to changes in marketing policy. The approach allows estimation of the length of the adjustment period and a statistical test for no policy effects. The extended PBM is applied to maize...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
2007
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| Online Access: | https://hdl.handle.net/10568/4129 |
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