Cattle Markets Integration and Price Discovery: The Case of Mali
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© 2015, Taylor & Francis. Abstract: This article analyses the level of integration in 10 cattle markets in Mali. The results indicate a limited interdependence among markets where, in majority of cases, more than 70 per cent of price variation is due to own-price shocks. However, the Ségou market exhibited a high level of interaction with other markets, behaving mostly as a price information receiver. Some markets behaved as sources of price information, however, without taking a clear price leadership role. This low level of market integration may be attributed to limited access to livestock markets and timely price information.
author list (cited authors)
Bizimana, J., Angerer, J. P., Bessler, D. A., & Keita, F.