| This thesis investigates the integration of the North American asparagus markets in seven United States terminal markets and Toronto (Canada). In 2008, Ontario exported ;Using a Ravallion Model of market integration, Granger Causality and the Law-of-One-Price hypothesis are tested using weekly prices for week 20-28 for the years 2001-2009. All series, except Toronto, are stationary in levels. Miami's price is fully reflected in Boston, Chicago, Los Angeles, New York and Toronto, while prices from Detroit, Los Angeles and New York are also reflected in Miami. Toronto was determined to be a price taker, although it does Granger cause Detroit's prices. |
