This paper assesses the degree of market integration in the U.S. natural gas market following the FERC’s ‘open access’ reforms of the late 1980s. Daily spot prices at 76 market locations from 1993 to 1997 are used to examine (i) the geographic extent of the market, which depends on the extensiveness of LOOP equilibrium conditions throughout the pipeline network and (ii) the speed with which mar...

this study considers the price transmission mechanism between farm and retail levels of beef market in east azerbaijan with weekly prices over 1377:1 to 1390:52 periods. to this end, using advantages of multivariate models, hansen- seo (2002)'s two- regime threshold vector error correction model (tvecm) was estimated by the maximum likelihood approach for evaluate the price transmission me...

& Impacts on markets and organizations & Adoption in eMarkets and interorganizational information systems & Interorganizational coordination and integration & Vertical integration and hybrid forms & Electronic intermediaries & Disintermediation/mediation & New organizational forms & Online buyer and supplier behavior & Business models and market design & Market efficiency and price dispersion &...

The current economic climate forces businesses to collaborate more frequently and build efficient organizations and supply chains that reduce timeto-market and costs. This chapter argues that an electronic marketplace (eMarketplace) is a promising architectural model to develop collaborative supply chain management and integration platform. It supports coordination mechanisms and integration at...

At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two countries are segmented if there is a wide divergence in the valuations of their industries. We first establish that segmentation is significantly lowe...

At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two countries are segmented if there is a wide divergence in the valuations of their industries. We first establish that segmentation is significantly lowe...

Despite the plethora of research on market orientation, our understanding of how different dimensions of market orientation interact with each other in generating new intelligence for marketing programs is limited. In this paper, we develop and test a model that examines the interaction effects of the three dimensions of market orientation—customer orientation, competitor orientation, and cross...

Contrasting the conservative German welfare state with the liberal market economy of the United Kingdom, this paper examines how each welfare regime affects the firstbirth decisions of men and women under the conditions of either high labour market integration (full-time work in a permanent position) or occupational uncertainty (parttime work or work with a fixed-term contract). The results, wh...

This study evaluates the effectiveness of geographic diversification in reducing housing investment risk. To characterize diversification potential, we estimate spatial correlation and integration among 401 U.S. metropolitan housing markets. The 2000s boom brought a marked uptrend in housing market integration associated with eased residential lending standards and rapid growth in private mortg...

We collect data on grain and salt prices, as well as language, for more than 200 South Asian markets in the 19th and early 20th centuries. Conditional on a rich set of controls and fixed effects, we find that linguistically distant markets are less integrated as measured by the degree of price correlation. While linguistically distant markets exhibit greater genetic distance, greater difference...