Data/hora: 16/06/2024 09:32:01

Provedor de dados: | 31
País: | United States
Título: | Buyer Market Power in UK Food Retailing
Autores: | Lloyd,   Tim A.; McCorriston,   Steve; Morgan,   C. Wyn; Weldegebriel,   Habtu T.
Data: | 2008-12-23
Ano: | 2007
Palavras-chave: | Buyer power; Cointegrated VARs; UK food industry; Agribusiness; Consumer/Household Economics.
Resumo: | The potential existence of buyer market power in UK food retailing has attracted the scrutiny of the UK's anti-trust authorities, culminating in the decision to launch the second of two comprehensive regulatory inquiries in recent years. Throughout, detection of buyer power has been dogged by the paucity of reliable evidence of its existence. In this paper we present a simple theoretical model of oligopsony which delivers quasireduced form retailer-producer pricing equations in which the presence of market power can be detected using readily available market data. Using a cointegrated vector autoregression, we find empirical results that are consistent with the presence of oligopsony power in all six food products investigated.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/46007

Relação:

Scottish Agricultural College&gt;Land Economy Research Group&gt;Working Papers

Working Paper

22

Formato: | 22