Observatorio de I+D+i UPM

Memorias de investigación
Communications at congresses:
THE LAW OF ONE PRICE IN MUSHROOM MARKETS. THE CASE OF SPANISH MARKETS
Year:2016
Research Areas
  • Forest
Information
Abstract
The main objective of this paper is to test whether mushroom prices could be significantly different for distant areas in mushroom markets, or rather that a convergence process in prices exists. The law of one price states that similar goods present similar prices in different markets. This hypothesis is tested in two local markets, both for wild mushrooms (Lactarius deliciosus), cultivated mushrooms (Pleorotus ostreatus and Lentinula edodes) and champignon mushrooms (Agaricus bisporus), respectively. Empirical data for prices are obtained from the Madrid and Barcelona Central Markets, with a weekly frequency, for a time period between 2002 and 2015. The study used the multivariate testing method of Johansen VEC model. Results indicate that wild mushroom markets are well connected, and that variations in saffron mill cap prices across the Madrid and Barcelona markets are very small, and in line with the law of one price. Nevertheless, completely different results are obtained for cultivated mushrooms and for champignon mushrooms, in which significant differences are found among prices in local markets
International
Si
Congress
8 International Workshop in Edible Mycorrhizal Mushrooms
960
Place
Cahors, Francia
Reviewers
Si
ISBN/ISSN
1104-6899
Start Date
10/10/2016
End Date
17/10/2016
From page
1
To page
7
Abstract book The eighth international workshopon edible mycorrhizal mushrooms IWEMM8
Participants
  • Autor: Oscar Alfranca (Universidad Politécnica de Barcelona)
  • Autor: Roberto Voces González (UPM)
  • Autor: Luis Augusto Diaz Balteiro (UPM)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Economía y Sostenibilidad del Medio Natural
  • Departamento: Ingeniería y Gestión Forestal y Ambiental
S2i 2019 Observatorio de investigación @ UPM con la colaboración del Consejo Social UPM
Cofinanciación del MINECO en el marco del Programa INNCIDE 2011 (OTR-2011-0236)
Cofinanciación del MINECO en el marco del Programa INNPACTO (IPT-020000-2010-22)