This study examines whether the local competition for corn to produce ethanol has lead to significantly higher prices for farmers located close to ethanol biorefineries. If any, such price premiums for spatial closeness would be in addition to the general level of corn price changes experienced...

The price transmission between markets is often interpreted as providing insights into the market’s infrastructure efficiency and transaction costs. Thus, finding a possible explanation for the degree of integration has become an issue of special interest. Recent researchers have pointed out...