Spatial Price Differences During Market Trade Transitions

John E. Ikerd

Journal of Agricultural and Applied Economics, 1973, vol. 5, issue 2, 51-55

Abstract: Interregional trade and associated price differences between regions has been the subject of extensive economic analysis. Trade patterns reflect intraregional supply and demand conditions and transfer cost among regions. Once patterns of trade are established, price differences among regions simply reflect transfer cost from exporting to importing regions. But, patterns of trade do not necessarily remain stable over time.

Date: 1973
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