What Is Market Integration?

The market integration theory is continuously developed and improved in practice, mainly including the integration of different space markets, the integration of different marketing stages, the integration of different time and different commodities. In the research process, some scholars put forward the concept of vertical integration, so that the scope of market integration has become wider and wider.

Market integration

Spatial Market Integration. Is to study a certain

Marketing phase integration (Integrati.naerossPriceForm). The integration of different marketing stages mainly studies the degree of influence of price changes of the same product in a certain marketing stage on price changes in the next stage. If the price of a product in different marketing stages meets "the price of the next stage, the price of the previous stage + the marketing cost", then the marketing stages are integrated. For example, the integration of wholesale and retail markets, that is, the integration between a commodity's wholesale market and the retail market.

Time integration of the market (TemperalMarketIntegration). Temporal integration mainly studies the influence of the current price change of a commodity on the later price change. When the "late price, current price + storage cost" is satisfied, it is called time integration.

Integration between related products (Integrati.naer.55ProduetForm). The market integration among related commodities is mainly to study the impact of the price change of a commodity on the price change of related commodities. Most of them are to examine the price impact relationship between primary products and processed products or between raw materials and products. = Primary product price + processing cost ", then the market between these commodities is integrated. The research on the market integration between related products is of great significance. It can scientifically reflect whether the price comparison between the two products is reasonable, reflect the mutual influence between the two commodity prices, and the coordinated relationship between the commodity markets. It can reveal the efficiency of market operation in essence.