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| Wang, Xiuqing; Weldegebriel, Habtu T.; Rayner, Anthony J.. |
| In this paper, we aim to model the vertical relation between retailers and suppliers in the food industry whereby retailers exercise seller power in their relation with consumers and buyer power in their relation with producers. We then evaluate the degree of price transmission, relative to the perfectly competitive benchmark, from the farm to the retail sector assuming a supply shock. With the view to evaluating the impact of market power's interaction with industry technology on the degree of price transmission, we assume industry technology to be characterised by variable input proportions and non-constant returns to scale. Our model predicts that, relative to that which obtains when markets are perfectly competitive and industry technology is... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Price transmission; Returns to scale; Market power; Demand and Price Analysis; Marketing; L11; Q13. |
| Ano: 2006 |
URL: http://purl.umn.edu/46004 |
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