his study analyses vertical integration in selected markets for chickpea and pigeonpea and tests for asymmetry. It is observed from the results of vertical integration that wholesale and retail prices were cointegrated only in a few markets in the long run while there was no relationship in the short run in almost all the selected markets. The results of asymmetric price transmission revealed the presence of asymmetry in almost all the vertically integrated markets of pulses, as in the case with agriculture markets. Therefore, the government should improve the infrastructure of physical and institutional market and formulate policies that improve market efficiency.
