Mengel, Caroline; Cramon-Taubadel, Stephan von - 2014
In a meta-analysis of spatial price transmission (PT) literature we aim to test for the presence of distance and border … effects on price transmission. We use PT estimates for 1189 cereal market pairs extracted from 57 studies and seek to explain … cointegration and price transmission. A border separating two markets reduces the probability of cointegration of price series by 23 …