Market Performance of Potato Auctions in Bhutan

A. van Tilburg; W.E. Kuiper; R. Swinkels

doi:10.1080/08974430802186142

Market Performance of Potato Auctions in Bhutan

A. van Tilburg, W.E. Kuiper, R. Swinkels

Research output: Contribution to journal › Article › Academic › peer-review

7 Citations (Scopus)

Abstract

Market performance with respect to a main horticultural export commodity in Bhutan is the subject of this paper. Imperfections in (market) infrastructure and market structure and conduct may prevent an optimal price for farmers. Market performance is assessed by testing the law of one price for this commodity. This is done by testing three series of auction price data on both long-run and short-run price integration. It is concluded that for the period 1996-2000 the auction prices were interrelated both in the long and short run with one of the three auctions as the price-leading market. In contrast, in the period 2001-2005 the market arbitrage process slowed down, indicating the rise of market imperfections. Policy implications are suggested.

Original language	English
Pages (from-to)	61-88
Journal	Journal of International Food and Agribusiness Marketing
Volume	20
Issue number	2
DOIs	https://doi.org/10.1080/08974430802186142
Publication status	Published - 2008

Keywords

Auctions
Bhutan
Law of one price
Market performance
Potato marketing

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10.1080/08974430802186142

Cite this

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title = "Market Performance of Potato Auctions in Bhutan",

abstract = "Market performance with respect to a main horticultural export commodity in Bhutan is the subject of this paper. Imperfections in (market) infrastructure and market structure and conduct may prevent an optimal price for farmers. Market performance is assessed by testing the law of one price for this commodity. This is done by testing three series of auction price data on both long-run and short-run price integration. It is concluded that for the period 1996-2000 the auction prices were interrelated both in the long and short run with one of the three auctions as the price-leading market. In contrast, in the period 2001-2005 the market arbitrage process slowed down, indicating the rise of market imperfections. Policy implications are suggested.",

keywords = "Auctions, Bhutan, Law of one price, Market performance, Potato marketing",

author = "{van Tilburg}, A. and W.E. Kuiper and R. Swinkels",

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T1 - Market Performance of Potato Auctions in Bhutan

AU - van Tilburg, A.

AU - Kuiper, W.E.

AU - Swinkels, R.

PY - 2008

Y1 - 2008

N2 - Market performance with respect to a main horticultural export commodity in Bhutan is the subject of this paper. Imperfections in (market) infrastructure and market structure and conduct may prevent an optimal price for farmers. Market performance is assessed by testing the law of one price for this commodity. This is done by testing three series of auction price data on both long-run and short-run price integration. It is concluded that for the period 1996-2000 the auction prices were interrelated both in the long and short run with one of the three auctions as the price-leading market. In contrast, in the period 2001-2005 the market arbitrage process slowed down, indicating the rise of market imperfections. Policy implications are suggested.

AB - Market performance with respect to a main horticultural export commodity in Bhutan is the subject of this paper. Imperfections in (market) infrastructure and market structure and conduct may prevent an optimal price for farmers. Market performance is assessed by testing the law of one price for this commodity. This is done by testing three series of auction price data on both long-run and short-run price integration. It is concluded that for the period 1996-2000 the auction prices were interrelated both in the long and short run with one of the three auctions as the price-leading market. In contrast, in the period 2001-2005 the market arbitrage process slowed down, indicating the rise of market imperfections. Policy implications are suggested.

KW - Auctions

KW - Bhutan

KW - Law of one price

KW - Market performance

KW - Potato marketing

U2 - 10.1080/08974430802186142

DO - 10.1080/08974430802186142

M3 - Article

SN - 0897-4438

VL - 20

SP - 61

EP - 88

JO - Journal of International Food and Agribusiness Marketing

JF - Journal of International Food and Agribusiness Marketing

IS - 2

ER -

Market Performance of Potato Auctions in Bhutan

Abstract

Keywords

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